IFM Investors Pty Ltd Buys 5,170 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

IFM Investors Pty Ltd raised its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 21.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,404 shares of the online travel company's stock after purchasing an additional 5,170 shares during the period. IFM Investors Pty Ltd's holdings in Expedia Group were worth $4,943,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Minot DeBlois Advisors LLC bought a new position in shares of Expedia Group in the fourth quarter valued at approximately $27,000. Sava Infond d.o.o. bought a new position in shares of Expedia Group in the fourth quarter valued at approximately $28,000. Prudent Man Investment Management Inc. bought a new position in shares of Expedia Group in the fourth quarter valued at approximately $34,000. Optiver Holding B.V. bought a new stake in Expedia Group during the fourth quarter valued at approximately $38,000. Finally, Banque Transatlantique SA bought a new stake in Expedia Group during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group dropped their target price on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Wedbush reiterated a "neutral" rating and set a $165.00 target price (down from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Benchmark decreased their price target on shares of Expedia Group from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Susquehanna decreased their price target on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research note on Monday, May 12th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $170.00 price target on shares of Expedia Group in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Expedia Group presently has an average rating of "Hold" and a consensus target price of $187.19.

Expedia Group Stock Up 0.7%

Expedia Group stock traded up $1.32 during mid-day trading on Monday, reaching $177.80. The stock had a trading volume of 1,384,885 shares, compared to its average volume of 1,904,446. The company has a market capitalization of $22.60 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 0.84 and a beta of 1.57. The company has a 50-day moving average price of $166.56 and a two-hundred day moving average price of $172.84. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73.

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

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Thursday, May 29th. Expedia Group's payout ratio is 18.87%.

Expedia Group Company 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.