Leith Wheeler Investment Counsel Ltd. Has $17.69 Million Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Leith Wheeler Investment Counsel Ltd. reduced its stake in Expedia Group by 27.8%, holding 105,206 shares valued at approximately $17.69 million as of the latest SEC filing.
• Analysts have set a consensus rating of "Moderate Buy" for Expedia Group, with an average price target of $206.04, reflecting varied outlooks on the stock's performance.
• Expedia Group reported earnings of $4.24 per share for the last quarter, surpassing consensus estimates, while its quarterly revenue increased by 6.4% year-over-year.

Leith Wheeler Investment Counsel Ltd. lowered its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 27.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,206 shares of the online travel company's stock after selling 40,468 shares during the quarter. Expedia Group accounts for about 1.2% of Leith Wheeler Investment Counsel Ltd.'s portfolio, making the stock its 23rd biggest position. Leith Wheeler Investment Counsel Ltd. owned about 0.08% of Expedia Group worth $17,685,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on EXPE shares. Sanford C. Bernstein set a $210.00 price target on Expedia Group in a research note on Monday. Barclays boosted their price target on Expedia Group from $190.00 to $197.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Wall Street Zen upgraded Expedia Group from a "hold" rating to a "buy" rating in a research note on Monday, July 28th. Bank of America boosted their price target on Expedia Group from $211.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Cowen reaffirmed a "hold" rating on shares of Expedia Group in a report on Friday. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Expedia Group presently has a consensus rating of "Moderate Buy" and an average price target of $206.04.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $203.19 on Wednesday. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.73. The business has a fifty day simple moving average of $177.85 and a two-hundred day simple moving average of $173.03. Expedia Group, Inc. has a 1 year low of $126.46 and a 1 year high of $213.00. The company has a market capitalization of $25.83 billion, a P/E 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 released its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period last year, the business posted $3.51 earnings per share. The business's revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

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

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.

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