Wellington Management Group LLP Increases Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Wellington Management Group LLP grew its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 34.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,055 shares of the online travel company's stock after buying an additional 3,595 shares during the period. Wellington Management Group LLP's holdings in Expedia Group were worth $2,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Minot DeBlois Advisors LLC acquired a new stake in shares of Expedia Group during the 4th quarter worth about $27,000. SRH Advisors LLC purchased a new position in Expedia Group in the fourth quarter valued at approximately $28,000. Sava Infond d.o.o. acquired a new stake in Expedia Group during the fourth quarter worth approximately $28,000. Prudent Man Investment Management Inc. acquired a new stake in Expedia Group during the fourth quarter worth approximately $34,000. Finally, Optiver Holding B.V. purchased a new stake in shares of Expedia Group during the 4th quarter worth approximately $38,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays increased their target price on shares of Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Wall Street Zen lowered Expedia Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 16th. The Goldman Sachs Group reduced their target price on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a report on Friday, May 9th. Morgan Stanley decreased their target price on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $170.00 price target on shares of Expedia Group in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $186.35.

Expedia Group Stock Performance

EXPE traded up $0.07 during trading on Monday, reaching $176.62. The company's stock had a trading volume of 1,098,021 shares, compared to its average volume of 1,920,024. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The company's fifty day moving average price is $159.50 and its 200-day moving average price is $175.08. Expedia Group, Inc. has a 52-week low of $110.20 and a 52-week high of $207.73. The company has a market capitalization of $22.45 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 0.92 and a beta of 1.59.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the business earned $0.21 earnings per share. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. Expedia Group's payout ratio is currently 18.87%.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.