Massachusetts Financial Services Co. MA Invests $82.98 Million in Expedia Group, Inc. (NASDAQ:EXPE)

Massachusetts Financial Services Co. MA purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 493,605 shares of the online travel company's stock, valued at approximately $82,975,000. Massachusetts Financial Services Co. MA owned approximately 0.38% of Expedia Group at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Expedia Group by 99.1% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 4,236 shares of the online travel company's stock valued at $713,000 after buying an additional 2,108 shares during the last quarter. SBI Securities Co. Ltd. raised its position in shares of Expedia Group by 8.7% during the first quarter. SBI Securities Co. Ltd. now owns 1,591 shares of the online travel company's stock valued at $267,000 after buying an additional 127 shares during the last quarter. Sigma Planning Corp bought a new stake in shares of Expedia Group during the first quarter valued at approximately $528,000. Signaturefd LLC raised its position in shares of Expedia Group by 62.5% during the first quarter. Signaturefd LLC now owns 2,158 shares of the online travel company's stock valued at $363,000 after buying an additional 830 shares during the last quarter. Finally, CWM LLC raised its position in shares of Expedia Group by 42.7% during the first quarter. CWM LLC now owns 24,400 shares of the online travel company's stock valued at $4,102,000 after buying an additional 7,307 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Stock Up 1.6%

Expedia Group stock traded up $2.85 during trading hours on Friday, reaching $184.93. The stock had a trading volume of 1,155,116 shares, compared to its average volume of 1,888,902. The company has a market cap of $23.51 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 0.88 and a beta of 1.57. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. The business's 50 day moving average price is $170.27 and its 200-day moving average price is $172.46. Expedia Group, Inc. has a 52 week low of $110.20 and a 52 week high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted 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). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the company earned $0.21 EPS. The business's revenue was up 3.4% compared to the same quarter last year. Sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

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. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.87%. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EXPE. Wells Fargo & Company boosted their price target on shares of Expedia Group from $149.00 to $178.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Susquehanna reduced their price target on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Oppenheimer reduced their price target 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. JPMorgan Chase & Co. reduced their price target on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Bank of America boosted their price target on shares of Expedia Group from $205.00 to $211.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $187.19.

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.