Invesco Ltd. Lowers Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Invesco Ltd. reduced its stake in Expedia Group by 38.0%, selling 1,772,411 shares, and now holds approximately 2.25% of the company worth $486,934,000.
• Expedia Group's stock has increased by 4.1%, with a current price of $195.26, while it has a market capitalization of $24.82 billion.
• The company recently announced a quarterly dividend of $0.40 per share, reflecting an annualized yield of 0.8% and a payout ratio of 18.87%.

Invesco Ltd. decreased its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 38.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,896,692 shares of the online travel company's stock after selling 1,772,411 shares during the quarter. Invesco Ltd. owned about 2.25% of Expedia Group worth $486,934,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Minot DeBlois Advisors LLC acquired a new stake in Expedia Group during the 4th quarter valued at approximately $27,000. McClarren Financial Advisors Inc. acquired a new stake in Expedia Group during the 1st quarter valued at approximately $28,000. Atlas Capital Advisors Inc. acquired a new stake in Expedia Group during the 1st quarter valued at approximately $28,000. Park Square Financial Group LLC acquired a new stake in Expedia Group during the 1st quarter valued at approximately $34,000. Finally, Optiver Holding B.V. acquired a new stake in Expedia Group during the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Trading Up 5.5%

Shares of EXPE traded up $10.56 during mid-day trading on Tuesday, reaching $203.19. The stock had a trading volume of 2,429,410 shares, compared to its average volume of 1,929,584. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.73. Expedia Group, Inc. has a 52-week low of $126.46 and a 52-week high of $213.00. The business's fifty day moving average is $177.85 and its 200 day moving average is $173.03. The firm has a market cap of $25.83 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 0.89 and a beta of 1.61.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $4.13 by $0.11. The company had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.70 billion. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. Expedia Group's revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.51 earnings per share. On average, sell-side analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 28th. Expedia Group's dividend payout ratio (DPR) is 19.61%.

Analyst Ratings Changes

EXPE has been the subject of several research reports. B. Riley lifted their price objective on shares of Expedia Group from $222.00 to $260.00 and gave the company a "buy" rating in a research note on Friday. Bank of America boosted their target price on shares of Expedia Group from $211.00 to $240.00 and gave the company a "buy" rating in a research note on Friday. Susquehanna reiterated a "neutral" rating and issued a $200.00 target price (up from $175.00) on shares of Expedia Group in a research note on Monday. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 target price on shares of Expedia Group in a research note on Wednesday, July 23rd. Finally, BTIG Research set a $250.00 price objective on shares of Expedia Group and gave the stock a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.04.

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.