Expedia Group, Inc. (NASDAQ:EXPE) Shares Purchased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Expedia Group by 4.5%, owning 77,368 shares valued at approximately $13 million.
• Expedia Group reported earnings of $0.40 per share for the last quarter, missing analyst expectations and showing a year-over-year revenue increase of 3.4% to $2.99 billion.
• The company recently announced a quarterly dividend of $0.40, reflecting an annualized rate of $1.60, with a dividend yield of 0.9%.

Natixis Advisors LLC boosted its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 4.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 77,368 shares of the online travel company's stock after purchasing an additional 3,346 shares during the period. Natixis Advisors LLC owned about 0.06% of Expedia Group worth $13,006,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EXPE. Brighton Jones LLC acquired a new position in shares of Expedia Group in the fourth quarter worth $408,000. Wellington Management Group LLP grew its stake in shares of Expedia Group by 34.4% in the fourth quarter. Wellington Management Group LLP now owns 14,055 shares of the online travel company's stock worth $2,619,000 after acquiring an additional 3,595 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of Expedia Group in the fourth quarter worth $1,613,000. Thoroughbred Financial Services LLC acquired a new position in shares of Expedia Group in the fourth quarter worth $225,000. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of Expedia Group in the fourth quarter worth $6,736,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Price Performance

Shares of EXPE opened at $178.06 on Monday. Expedia Group, Inc. has a 1-year low of $110.20 and a 1-year high of $207.73. The stock has a market cap of $22.63 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 0.85 and a beta of 1.61. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a fifty day moving average price of $174.41 and a 200 day moving average price of $172.47.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The company had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.02 billion. During the same period last year, the firm earned $0.21 earnings per share. Expedia Group's revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's dividend payout ratio is presently 18.87%.

Wall Street Analyst Weigh In

Several research firms have commented on EXPE. Morgan Stanley boosted their price target on shares of Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 price target on shares of Expedia Group in a research note on Wednesday, July 23rd. Benchmark restated a "buy" rating on shares of Expedia Group in a research note on Wednesday, July 23rd. Truist Financial lowered their target price on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a research note on Tuesday, June 24th. Finally, Wall Street Zen upgraded shares of Expedia Group from a "hold" rating to a "buy" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $189.38.

About Expedia Group

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.

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