Meeder Asset Management Inc. Has $248,000 Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Meeder Asset Management Inc. significantly increased its holdings in Expedia Group by 1,385 shares, resulting in an overall growth of 1,505.4% in the first quarter.
• Expedia Group reported a net income margin of 8.48% for the last quarter, with earnings per share (EPS) of $0.40, missing estimates by $0.02.
• The company recently announced a quarterly dividend of $0.40 per share, representing an annual yield of 0.89% and a dividend payout ratio of 18.87%.

Meeder Asset Management Inc. raised its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 1,505.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,477 shares of the online travel company's stock after buying an additional 1,385 shares during the period. Meeder Asset Management Inc.'s holdings in Expedia Group were worth $248,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Minot DeBlois Advisors LLC bought a new position in Expedia Group during the 4th quarter worth $27,000. Park Square Financial Group LLC bought a new position in Expedia Group during the 1st quarter worth $34,000. Optiver Holding B.V. bought a new position in Expedia Group during the 4th quarter worth $38,000. Banque Transatlantique SA acquired a new stake in shares of Expedia Group in the 4th quarter valued at $45,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Expedia Group by 2,175.0% in the 1st quarter. Larson Financial Group LLC now owns 273 shares of the online travel company's stock valued at $46,000 after purchasing an additional 261 shares in the last quarter. Institutional investors own 90.76% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Susquehanna reduced their target price on Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. UBS Group raised their target price on Expedia Group from $166.00 to $182.00 and gave the company a "neutral" rating in a report on Monday. Barclays raised their target price on Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Wells Fargo & Company raised their price objective on Expedia Group from $149.00 to $178.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Finally, Benchmark reissued a "buy" rating on shares of Expedia Group in a report on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $189.38.

Expedia Group Stock Down 1.2%

Expedia Group stock traded down $2.16 during midday trading on Friday, reaching $178.06. The stock had a trading volume of 1,674,154 shares, compared to its average volume of 2,083,952. Expedia Group, Inc. has a 12 month low of $110.20 and a 12 month high of $207.73. The company has a market capitalization of $22.63 billion, a P/E ratio of 21.00, a PEG ratio of 0.86 and a beta of 1.57. The company has a fifty day moving average price of $174.03 and a two-hundred day moving average price of $172.71. 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 earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the firm earned $0.21 earnings per share. The business's quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. 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.