Fiera Capital Corp Sells 165,865 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Fiera Capital Corp reduced its stake in Expedia Group by 35.6%, holding 299,953 shares valued at approximately $50.4 million after selling 165,865 shares in Q1.
• JPMorgan Chase & Co. cut its target price on Expedia from $205 to $170, while numerous analysts continue to give it a consensus rating of "Moderate Buy" and average price target of $189.38.
• Expedia reported $0.40 earnings per share for the last quarter, missing estimates by $0.02, with revenues of $2.99 billion.

Fiera Capital Corp lessened its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 35.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 299,953 shares of the online travel company's stock after selling 165,865 shares during the period. Fiera Capital Corp owned about 0.23% of Expedia Group worth $50,422,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Minot DeBlois Advisors LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at about $27,000. Prudent Man Investment Management Inc. bought a new stake in shares of Expedia Group in the 4th quarter valued at about $34,000. Park Square Financial Group LLC bought a new stake in shares of Expedia Group in the 1st quarter valued at about $34,000. Optiver Holding B.V. bought a new stake in shares of Expedia Group in the 4th quarter valued at about $38,000. Finally, Banque Transatlantique SA bought a new stake in shares of Expedia Group in the 4th quarter valued at about $45,000. Institutional investors own 90.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EXPE shares. Bank of America boosted their price target on Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a report on Friday, May 9th. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price target on shares of Expedia Group in a report on Wednesday, July 23rd. Wedbush restated a "neutral" rating and set a $165.00 price target (down previously from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Morgan Stanley boosted their price target on Expedia Group from $150.00 to $165.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Finally, UBS Group boosted their price target on Expedia Group from $166.00 to $182.00 and gave the company a "neutral" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Expedia Group has an average rating of "Moderate Buy" and a consensus target price of $189.38.

Expedia Group Stock Performance

Shares of NASDAQ EXPE traded down $3.17 during midday trading on Friday, hitting $177.05. 1,000,177 shares of the stock traded hands, compared to its average volume of 2,079,131. The firm has a 50-day moving average of $174.03 and a two-hundred day moving average of $172.71. The firm has a market capitalization of $22.51 billion, a P/E ratio of 20.89, a PEG ratio of 0.86 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. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. Expedia Group's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous 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 fiscal year.

Expedia Group Announces Dividend

The business also recently announced 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 yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is currently 18.87%.

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.