Harel Insurance Investments & Financial Services Ltd. Purchases Shares of 26,520 Expedia Group, Inc. (NASDAQ:EXPE)

Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 26,520 shares of the online travel company's stock, valued at approximately $4,458,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXPE. Norges Bank acquired a new stake in shares of Expedia Group in the fourth quarter valued at about $670,565,000. Bamco Inc. NY bought a new position in Expedia Group during the fourth quarter valued at about $80,206,000. Alkeon Capital Management LLC increased its stake in Expedia Group by 25.4% during the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after acquiring an additional 400,000 shares during the period. Bridgewater Associates LP increased its stake in Expedia Group by 73.4% during the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock valued at $159,175,000 after acquiring an additional 361,543 shares during the period. Finally, GAMMA Investing LLC increased its stake in Expedia Group by 18,141.9% during the first quarter. GAMMA Investing LLC now owns 353,346 shares of the online travel company's stock valued at $59,397,000 after acquiring an additional 351,409 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Piper Sandler downgraded Expedia Group from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $174.00 to $135.00 in a report on Friday, May 9th. Benchmark decreased their price objective on Expedia Group from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Morgan Stanley decreased their price objective on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Finally, Susquehanna decreased their price objective on Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Expedia Group currently has an average rating of "Hold" and a consensus price target of $186.08.

Expedia Group Trading Up 3.3%

Shares of EXPE stock traded up $5.64 on Friday, hitting $176.65. The stock had a trading volume of 1,429,430 shares, compared to its average volume of 1,906,533. Expedia Group, Inc. has a twelve month low of $110.20 and a twelve month high of $207.73. The firm has a market cap of $22.46 billion, a P/E ratio of 20.83, a PEG ratio of 0.84 and a beta of 1.57. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. The company has a fifty day moving average price of $166.56 and a two-hundred day moving average price of $172.89.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its 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). The company had revenue of $2.99 billion during 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%. Expedia Group's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. As a group, analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. Expedia Group's dividend payout ratio is 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.