Independence Bank of Kentucky Sells 2,145 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Independence Bank of Kentucky lowered its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 25.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,192 shares of the online travel company's stock after selling 2,145 shares during the quarter. Independence Bank of Kentucky's holdings in Expedia Group were worth $1,041,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXPE. Minot DeBlois Advisors LLC purchased a new stake in Expedia Group during the fourth quarter worth approximately $27,000. SRH Advisors LLC purchased a new stake in Expedia Group during the 4th quarter worth $28,000. Sava Infond d.o.o. acquired a new stake in Expedia Group in the 4th quarter valued at $28,000. Prudent Man Investment Management Inc. acquired a new stake in Expedia Group in the 4th quarter valued at $34,000. Finally, Optiver Holding B.V. purchased a new position in Expedia Group in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EXPE. Wells Fargo & Company upped their target price on shares of Expedia Group from $143.00 to $149.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Citigroup upped their price objective on shares of Expedia Group from $200.00 to $217.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Piper Sandler cut Expedia Group from a "neutral" rating to an "underweight" rating and cut their price target for the stock from $174.00 to $135.00 in a research note on Friday, May 9th. 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 note on Friday, May 9th. Finally, The Goldman Sachs Group dropped their price objective on Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Expedia Group has an average rating of "Moderate Buy" and a consensus target price of $186.35.

Expedia Group Trading Down 0.5%

Shares of EXPE traded down $0.79 during midday trading on Wednesday, hitting $173.27. The stock had a trading volume of 814,772 shares, compared to its average volume of 1,915,544. The business has a 50-day simple moving average of $160.11 and a two-hundred day simple moving average of $175.01. The firm has a market cap of $22.03 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 0.92 and a beta of 1.59. 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, Inc. has a fifty-two week low of $110.20 and a fifty-two week high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the business posted $0.21 EPS. The company's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.92%. 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.