Meyer Handelman Co. Buys New Position in Expedia Group, Inc. (NASDAQ:EXPE)

Meyer Handelman Co. bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,018 shares of the online travel company's stock, valued at approximately $5,718,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Minot DeBlois Advisors LLC bought a new position in Expedia Group in the 4th quarter valued at $27,000. SRH Advisors LLC bought a new position in Expedia Group in the 4th quarter valued at $28,000. Sava Infond d.o.o. bought a new position in Expedia Group in the 4th quarter valued at $28,000. Prudent Man Investment Management Inc. bought a new position in Expedia Group in the 4th quarter valued at $34,000. Finally, Optiver Holding B.V. bought a new position in Expedia Group in the 4th quarter valued at $38,000. 90.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EXPE has been the subject of several analyst reports. Truist Financial raised their price target on shares of Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a report on Wednesday, March 12th. Wedbush reiterated a "neutral" rating and issued a $165.00 target price (down previously from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. DA Davidson raised their target price on shares of Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Hsbc Global Res upgraded shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Friday, February 7th. Finally, Wall Street Zen lowered shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 16th. One equities research 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. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of "Moderate Buy" and an average target price of $186.35.

Expedia Group Stock Up 0.3%

Expedia Group stock traded up $0.42 during trading hours on Monday, hitting $167.17. The stock had a trading volume of 1,501,110 shares, compared to its average volume of 1,934,288. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $21.25 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a 12-month low of $110.20 and a 12-month high of $207.73. The stock's 50-day moving average price is $159.32 and its 200-day moving average price is $175.40.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly 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 return on equity of 52.41% and a net margin of 9.01%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business's revenue was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal 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 paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. Expedia Group's dividend payout ratio is presently 18.87%.

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.