Janney Montgomery Scott LLC Trims Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Janney Montgomery Scott LLC lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 41.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,811 shares of the online travel company's stock after selling 15,674 shares during the period. Janney Montgomery Scott LLC's holdings in Expedia Group were worth $3,666,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXPE. Acropolis Investment Management LLC raised its position in Expedia Group by 21.9% in the first quarter. Acropolis Investment Management LLC now owns 4,398 shares of the online travel company's stock worth $739,000 after acquiring an additional 790 shares during the period. Bank Pictet & Cie Europe AG purchased a new stake in shares of Expedia Group in the 1st quarter worth $699,000. Brighton Jones LLC increased its stake in shares of Expedia Group by 10.9% in the 1st quarter. Brighton Jones LLC now owns 2,431 shares of the online travel company's stock worth $409,000 after purchasing an additional 239 shares in the last quarter. BayBridge Capital Group LLC raised its holdings in Expedia Group by 253.7% in the 1st quarter. BayBridge Capital Group LLC now owns 8,914 shares of the online travel company's stock worth $1,498,000 after purchasing an additional 6,394 shares during the period. Finally, Ritholtz Wealth Management raised its holdings in Expedia Group by 13.2% in the 1st quarter. Ritholtz Wealth Management now owns 9,876 shares of the online travel company's stock worth $1,660,000 after purchasing an additional 1,155 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Stock Up 0.6%

NASDAQ EXPE opened at $165.82 on Tuesday. The stock has a 50 day moving average price of $163.42 and a 200-day moving average price of $173.65. 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 quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $21.08 billion, a P/E ratio of 19.55, a P/E/G ratio of 0.79 and a beta of 1.59.

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

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's payout ratio is 18.87%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays boosted their price target on Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Oppenheimer cut 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. JPMorgan Chase & Co. reduced their target price on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. UBS Group decreased their target price on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, Piper Sandler lowered shares of Expedia Group from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $174.00 to $135.00 in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Expedia Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $186.35.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.