Expedia Group, Inc. (NASDAQ:EXPE) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 4.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 106,635 shares of the online travel company's stock after buying an additional 4,821 shares during the period. Mackenzie Financial Corp owned 0.08% of Expedia Group worth $19,869,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Atomi Financial Group Inc. acquired a new stake in Expedia Group during the 4th quarter worth approximately $229,000. Janney Montgomery Scott LLC grew its stake in Expedia Group by 6.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 37,485 shares of the online travel company's stock worth $6,985,000 after buying an additional 2,272 shares during the period. Brighton Jones LLC acquired a new stake in shares of Expedia Group in the fourth quarter worth $408,000. RFG Advisory LLC purchased a new position in shares of Expedia Group in the 4th quarter valued at $251,000. Finally, Blue Trust Inc. lifted its holdings in shares of Expedia Group by 23.0% during the 4th quarter. Blue Trust Inc. now owns 1,058 shares of the online travel company's stock valued at $197,000 after acquiring an additional 198 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on EXPE shares. UBS Group lowered their price target on Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a report on Monday, April 28th. B. Riley reaffirmed a "buy" rating and issued a $235.00 target price (up previously from $220.00) on shares of Expedia Group in a research report on Friday, February 7th. JMP Securities reiterated a "market perform" rating on shares of Expedia Group in a report on Friday, February 7th. Bank of America boosted their price target on Expedia Group from $205.00 to $211.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. decreased their price target on Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $186.35.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE traded up $0.18 on Friday, reaching $165.83. 2,138,163 shares of the company's stock were exchanged, compared to its average volume of 1,936,051. The business's 50-day moving average is $159.32 and its two-hundred day moving average is $175.45. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a fifty-two week low of $110.20 and a fifty-two week high of $207.73. The firm has a market capitalization of $21.08 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 0.92 and a beta of 1.62.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the company earned $0.21 EPS. Expedia Group's quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group's payout ratio is 18.87%.

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.