Focus Partners Advisor Solutions LLC Purchases New Position in Expedia Group, Inc. (NASDAQ:EXPE)

Focus Partners Advisor Solutions LLC acquired a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,801 shares of the online travel company's stock, valued at approximately $522,000.

A number of other hedge funds also recently made changes to their positions in EXPE. Minot DeBlois Advisors LLC bought a new stake in shares of Expedia Group in the fourth quarter worth $27,000. SRH Advisors LLC bought a new stake in shares of Expedia Group in the fourth quarter worth $28,000. Sava Infond d.o.o. bought a new stake in shares of Expedia Group in the fourth quarter worth $28,000. Prudent Man Investment Management Inc. bought a new stake in shares of Expedia Group in the fourth quarter worth $34,000. Finally, Optiver Holding B.V. bought a new stake in shares of Expedia Group in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of research reports. Bank of America boosted their target price on shares of Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. dropped their target price on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. HSBC raised shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 target price on the stock in a report on Friday, February 7th. Wedbush restated a "neutral" rating and issued a $165.00 target price (down from $180.00) on shares of Expedia Group in a research note on Friday, May 9th. Finally, Truist Financial increased their price target on Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a research report on Wednesday, March 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $186.35.

Expedia Group Price Performance

EXPE stock traded up $6.01 during trading on Tuesday, hitting $164.99. The company had a trading volume of 2,173,556 shares, compared to its average volume of 1,937,625. The firm has a market capitalization of $20.97 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 0.92 and a beta of 1.62. The business has a 50 day moving average of $160.08 and a 200 day moving average of $175.85. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87.

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 for the quarter, missing analysts' consensus estimates 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 previous year, the company posted $0.21 earnings per share. Expedia Group's revenue was up 3.4% compared to the same quarter last year. As a group, research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.97%. Expedia Group's payout ratio is presently 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.