Expedia Group, Inc. (NASDAQ:EXPE) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 3,369.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,029,117 shares of the online travel company's stock after acquiring an additional 999,454 shares during the period. Expedia Group makes up approximately 0.8% of Los Angeles Capital Management LLC's holdings, making the stock its 28th biggest holding. Los Angeles Capital Management LLC owned 0.80% of Expedia Group worth $172,995,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EXPE. Minot DeBlois Advisors LLC bought a new position in shares of Expedia Group in the fourth quarter valued at $27,000. Sava Infond d.o.o. bought a new position in shares of Expedia Group in the fourth quarter valued at $28,000. Prudent Man Investment Management Inc. bought a new position in shares of Expedia Group in the fourth quarter valued at $34,000. Park Square Financial Group LLC bought a new position in shares of Expedia Group in the first quarter valued at $34,000. Finally, Optiver Holding B.V. bought a new position in shares of Expedia Group in the fourth quarter valued at $38,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Up 1.6%

Shares of NASDAQ:EXPE traded up $2.85 on Friday, reaching $184.93. The company had a trading volume of 1,155,116 shares, compared to its average volume of 1,888,902. Expedia Group, Inc. has a 52-week low of $110.20 and a 52-week high of $207.73. The firm's 50 day simple moving average is $170.27 and its 200-day simple moving average is $172.46. The firm has a market capitalization of $23.51 billion, a PE ratio of 21.81, a PEG ratio of 0.88 and a beta of 1.57. 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 (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The business's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. As a group, analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently declared 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 was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

Analysts Set New Price Targets

EXPE has been the subject of a number of recent research reports. UBS Group reduced their target price on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Cantor Fitzgerald reissued a "neutral" rating and issued a $170.00 target price on shares of Expedia Group in a research report on Thursday, May 15th. Truist Financial reduced their target price on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a research report on Tuesday, June 24th. Wedbush reissued a "neutral" rating and issued a $165.00 target price (down previously from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Finally, Morgan Stanley reduced their target price on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Expedia Group presently has a consensus rating of "Hold" and a consensus target price of $187.19.

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.