ING Groep NV Purchases Shares of 15,748 Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• ING Groep NV recently acquired 15,748 shares of Expedia Group, valued at approximately $2.647 million, during the first quarter.
• Expedia Group reported earnings per share of $0.40 for the last quarter, missing analysts' expectations, and showing a 3.4% revenue increase compared to the same quarter last year.
• The company declared a quarterly dividend of $0.40 per share, reflecting an annualized dividend yield of 0.9%.

ING Groep NV acquired a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,748 shares of the online travel company's stock, valued at approximately $2,647,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Altman Advisors Inc. increased its stake in Expedia Group by 0.5% during the first quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock worth $2,093,000 after acquiring an additional 65 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Expedia Group by 14.1% in the 1st quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock worth $94,000 after purchasing an additional 69 shares during the period. Foyston Gordon & Payne Inc increased its position in shares of Expedia Group by 0.3% during the 4th quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock valued at $4,124,000 after purchasing an additional 74 shares during the last quarter. Ascent Group LLC increased its position in shares of Expedia Group by 3.2% during the 4th quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock valued at $453,000 after purchasing an additional 76 shares during the last quarter. Finally, Smithfield Trust Co raised its holdings in Expedia Group by 2.9% during the 1st quarter. Smithfield Trust Co now owns 3,265 shares of the online travel company's stock valued at $550,000 after buying an additional 93 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Down 1.7%

Shares of NASDAQ EXPE opened at $181.84 on Wednesday. Expedia Group, Inc. has a 12-month low of $111.08 and a 12-month high of $207.73. The stock's fifty day simple moving average is $175.27 and its two-hundred day simple moving average is $172.52. The stock has a market capitalization of $23.12 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 0.88 and a beta of 1.61. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data 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 return on equity of 52.60% and a net margin of 8.48%. The company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter last year, the company earned $0.21 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Expedia Group's payout ratio is presently 18.87%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Oppenheimer dropped their price objective on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Morgan Stanley lifted their price target on shares of Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Truist Financial reduced their price objective on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research report on Tuesday, June 24th. UBS Group raised their price objective on shares of Expedia Group from $166.00 to $182.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, Benchmark reaffirmed a "buy" rating on shares of Expedia Group in a research note on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $189.38.

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.

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