LSV Asset Management Purchases 86,520 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• LSV Asset Management significantly increased its stake in Expedia Group, purchasing an additional 86,520 shares, raising its total ownership to 146,040 shares worth approximately $24.5 million.
• The company recently reported earnings per share (EPS) of $0.40 for the last quarter, falling short of analysts' expectations of $0.42, while revenue was $2.99 billion, also below the consensus estimate.
• Expedia Group declared a quarterly dividend of $0.40 per share, yielding approximately 0.9%, with a payout ratio of 18.87%.

LSV Asset Management raised its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 145.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,040 shares of the online travel company's stock after buying an additional 86,520 shares during the period. LSV Asset Management owned about 0.11% of Expedia Group worth $24,549,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EXPE. Brighton Jones LLC purchased a new stake in shares of Expedia Group during the 4th quarter valued at $408,000. Wellington Management Group LLP raised its position in shares of Expedia Group by 34.4% during the 4th quarter. Wellington Management Group LLP now owns 14,055 shares of the online travel company's stock valued at $2,619,000 after buying an additional 3,595 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Expedia Group during the 4th quarter valued at $1,613,000. Thoroughbred Financial Services LLC purchased a new stake in shares of Expedia Group during the 4th quarter valued at $225,000. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of Expedia Group during the 4th quarter valued at $6,736,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $178.06 on Monday. The firm has a market cap of $22.63 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 0.85 and a beta of 1.61. Expedia Group, Inc. has a 12-month low of $110.20 and a 12-month high of $207.73. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The company's fifty day simple moving average is $174.41 and its two-hundred day simple moving average is $172.47.

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

Expedia Group Dividend Announcement

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

Analysts Set New Price Targets

EXPE has been the topic of several research reports. Oppenheimer lowered their price objective on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Wall Street Zen upgraded shares of Expedia Group from a "hold" rating to a "buy" rating in a research report on Monday, July 28th. UBS Group raised their price objective on shares of Expedia Group from $166.00 to $182.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Morgan Stanley raised their price objective on shares of Expedia Group from $150.00 to $165.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Finally, Bank of America increased their target price on shares of Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Expedia Group presently has an average rating of "Moderate Buy" and a consensus target price of $189.38.

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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