Moran Wealth Management LLC Has $3.69 Million Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Moran Wealth Management LLC decreased its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 15.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 21,924 shares of the online travel company's stock after selling 3,912 shares during the period. Moran Wealth Management LLC's holdings in Expedia Group were worth $3,685,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. UMB Bank n.a. grew its holdings in Expedia Group by 14.1% during the 1st quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock valued at $94,000 after buying an additional 69 shares during the last quarter. Metis Global Partners LLC boosted its stake in shares of Expedia Group by 1.8% during the fourth quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company's stock valued at $773,000 after acquiring an additional 74 shares during the last quarter. Diametric Capital LP increased its position in Expedia Group by 1.6% during the 4th quarter. Diametric Capital LP now owns 4,737 shares of the online travel company's stock worth $883,000 after purchasing an additional 74 shares in the last quarter. Foyston Gordon & Payne Inc increased its position in Expedia Group by 0.3% during the 4th quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock worth $4,124,000 after purchasing an additional 74 shares in the last quarter. Finally, Ascent Group LLC raised its stake in Expedia Group by 3.2% in the 4th quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock valued at $453,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Stock Performance

Expedia Group stock traded up $1.05 during mid-day trading on Thursday, hitting $166.80. 1,902,587 shares of the company's stock traded hands, compared to its average volume of 1,905,461. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73. The firm has a 50 day moving average price of $164.03 and a 200 day moving average price of $173.56. The company has a market cap of $21.20 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 0.81 and a beta of 1.59.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its 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). The company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 earnings per share. On average, equities analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EXPE shares. Wall Street Zen downgraded shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 16th. Piper Sandler cut shares of Expedia Group from a "neutral" rating to an "underweight" rating and lowered their target price for the stock from $174.00 to $135.00 in a research note on Friday, May 9th. Wells Fargo & Company boosted their price target on Expedia Group from $143.00 to $149.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Wedbush restated a "neutral" rating and set a $165.00 price objective (down previously from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Finally, Oppenheimer lowered their price objective on Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $186.08.

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.