Mizuho Securities USA LLC Has $1.66 Million Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Mizuho Securities USA LLC reduced its position in Expedia Group by 15.2%, holding 9,875 shares valued at approximately $1.66 million.
• The company recently reported $4.24 EPS for the quarter, exceeding analyst expectations of $4.13, with a 6.4% revenue increase year-over-year.
• Expedia's recent dividend announcement will pay $0.40 per share on September 18, yielding 0.8% based on an annualized basis.

Mizuho Securities USA LLC trimmed its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 15.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,875 shares of the online travel company's stock after selling 1,766 shares during the period. Mizuho Securities USA LLC's holdings in Expedia Group were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new position in Expedia Group during the fourth quarter valued at $27,000. McClarren Financial Advisors Inc. acquired a new position in Expedia Group during the first quarter valued at $28,000. Atlas Capital Advisors Inc. acquired a new position in Expedia Group during the first quarter valued at $28,000. Park Square Financial Group LLC purchased a new position in Expedia Group in the first quarter valued at about $34,000. Finally, Zions Bancorporation National Association UT purchased a new position in Expedia Group in the first quarter valued at about $36,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. The Goldman Sachs Group lowered their target price on Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Bank of America boosted their target price on Expedia Group from $211.00 to $240.00 and gave the company a "buy" rating in a research note on Friday. Oppenheimer restated an "outperform" rating on shares of Expedia Group in a research note on Friday. Citigroup restated a "buy" rating on shares of Expedia Group in a research note on Friday. Finally, Wedbush boosted their target price on Expedia Group from $175.00 to $220.00 and gave the company a "neutral" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Expedia Group has a consensus rating of "Moderate Buy" and an average price target of $206.04.

Expedia Group Trading Down 1.3%

Shares of EXPE opened at $192.63 on Tuesday. Expedia Group, Inc. has a 1 year low of $126.33 and a 1 year high of $213.00. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 2.14. The stock has a 50 day simple moving average of $177.16 and a 200-day simple moving average of $172.82. The stock has a market cap of $24.49 billion, a PE ratio of 23.61, a PEG ratio of 0.93 and a beta of 1.61.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%. The business had revenue of $3.79 billion during the quarter, compared to analysts' expectations of $3.70 billion. During the same period in the prior year, the firm posted $3.51 EPS. Expedia Group's quarterly revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, August 28th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Expedia Group's dividend payout ratio is 19.61%.

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.

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