Monument Capital Management Makes New Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Monument Capital Management acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,453 shares of the online travel company's stock, valued at approximately $2,261,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Minot DeBlois Advisors LLC purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $27,000. Sava Infond d.o.o. purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $28,000. Prudent Man Investment Management Inc. purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $34,000. Optiver Holding B.V. purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $38,000. Finally, Banque Transatlantique SA purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Wall Street Analysts Forecast Growth

EXPE has been the topic of several recent analyst reports. Wedbush reissued a "neutral" rating and set a $165.00 price objective (down previously from $180.00) on shares of Expedia Group in a research note on Friday, May 9th. Wells Fargo & Company upped their price target on shares of Expedia Group from $143.00 to $149.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Truist Financial dropped their price target on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a research report on Tuesday, June 24th. Piper Sandler lowered shares of Expedia Group from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $174.00 to $135.00 in a research report on Friday, May 9th. Finally, Morgan Stanley dropped their price target on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Expedia Group currently has a consensus rating of "Hold" and an average target price of $186.08.

Expedia Group Price Performance

EXPE opened at $170.76 on Monday. The company has a fifty day simple moving average of $164.74 and a 200 day simple moving average of $173.09. The firm has a market cap of $21.71 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 0.82 and a beta of 1.59. Expedia Group, Inc. has a twelve month low of $110.20 and a twelve month high of $207.73. 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 released its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. Expedia Group's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. Equities research analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

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 0.94%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's dividend payout ratio is currently 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.

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