Principal Financial Group Inc. Purchases 3,223 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Principal Financial Group Inc. boosted its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,824 shares of the online travel company's stock after buying an additional 3,223 shares during the quarter. Principal Financial Group Inc. owned 0.13% of Expedia Group worth $28,716,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXPE. Minot DeBlois Advisors LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at approximately $27,000. Sava Infond d.o.o. acquired a new stake in Expedia Group in the 4th quarter valued at approximately $28,000. Prudent Man Investment Management Inc. bought a new stake in shares of Expedia Group during the fourth quarter valued at about $34,000. Optiver Holding B.V. acquired a new stake in shares of Expedia Group in the 4th quarter worth approximately $38,000. Finally, Banque Transatlantique SA bought a new position in Expedia Group during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. The Goldman Sachs Group dropped their target price on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Wall Street Zen upgraded shares of Expedia Group from a "hold" rating to a "buy" rating in a research note on Saturday. Wells Fargo & Company lifted their target price on shares of Expedia Group from $149.00 to $178.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. UBS Group lowered their target price on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, Susquehanna reduced their price objective on Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $187.19.

Expedia Group Price Performance

Expedia Group stock traded up $0.67 on Friday, reaching $183.64. The company's stock had a trading volume of 1,265,710 shares, compared to its average volume of 1,903,046. Expedia Group, Inc. has a twelve month low of $110.20 and a twelve month high of $207.73. The company has a market cap of $23.34 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 0.88 and a beta of 1.57. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73. The business's fifty day moving average price is $168.56 and its 200 day moving average price is $172.77.

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

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors 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 0.87%. The ex-dividend date was Thursday, May 29th. Expedia Group's dividend payout ratio is currently 18.87%.

Expedia Group 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.