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Mesirow Financial Investment Management Inc. Makes New $269,000 Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Expedia Group logo with Retail/Wholesale background

Key Points

  • Mesirow Financial Investment Management Inc. purchased 1,598 shares of Expedia Group, Inc. for approximately $269,000 as part of its portfolio in the first quarter.
  • Expedia Group missed analysts' earnings expectations, reporting $0.40 EPS compared to the consensus estimate of $0.42, while revenue for the quarter was $2.99 billion, falling short of the projected $3.02 billion.
  • The company announced a quarterly dividend of $0.40 per share, resulting in an annualized yield of 0.9% and a dividend payout ratio of 18.87%.
  • Interested in Expedia Group? Here are five stocks we like better.

Mesirow Financial Investment Management Inc. purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,598 shares of the online travel company's stock, valued at approximately $269,000.

Several other large investors have also recently added to or reduced their stakes in EXPE. Banque Cantonale Vaudoise acquired a new position in Expedia Group during the first quarter worth about $417,000. GSA Capital Partners LLP boosted its position in shares of Expedia Group by 133.1% in the 1st quarter. GSA Capital Partners LLP now owns 3,878 shares of the online travel company's stock worth $652,000 after buying an additional 2,214 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Expedia Group by 3.0% in the 1st quarter. Federated Hermes Inc. now owns 392,731 shares of the online travel company's stock worth $66,018,000 after buying an additional 11,299 shares in the last quarter. Cozad Asset Management Inc. boosted its position in shares of Expedia Group by 0.9% in the 1st quarter. Cozad Asset Management Inc. now owns 31,401 shares of the online travel company's stock worth $5,279,000 after buying an additional 270 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in shares of Expedia Group by 1,505.4% in the 1st quarter. Meeder Asset Management Inc. now owns 1,477 shares of the online travel company's stock worth $248,000 after buying an additional 1,385 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on EXPE shares. Barclays increased their price target on shares of Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Wells Fargo & Company increased their price target on shares of Expedia Group from $149.00 to $178.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. The Goldman Sachs Group lowered their price target on shares of Expedia Group from $219.00 to $183.00 and set a "buy" 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. Finally, Truist Financial decreased their target price on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $189.38.

View Our Latest Research Report on Expedia Group

Expedia Group Stock Up 3.9%

Expedia Group stock traded up $6.93 during midday trading on Monday, hitting $184.99. 1,496,539 shares of the stock were exchanged, compared to its average volume of 1,422,642. Expedia Group, Inc. has a 1 year low of $110.20 and a 1 year high of $207.73. The firm has a market cap of $23.52 billion, a P/E ratio of 21.81, a P/E/G ratio of 0.85 and a beta of 1.61. 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 company has a 50 day moving average price of $174.41 and a two-hundred day moving average price of $172.47.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results 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 return on equity of 52.60% and a net margin of 8.48%. The firm had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same period last year, the firm earned $0.21 EPS. The business's quarterly revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend 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 currently 18.87%.

About Expedia Group

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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