M&T Bank Corp Sells 4,706 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

M&T Bank Corp reduced its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 5.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,872 shares of the online travel company's stock after selling 4,706 shares during the quarter. M&T Bank Corp owned approximately 0.06% of Expedia Group worth $12,922,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of EXPE. Minot DeBlois Advisors LLC bought a new position in shares of Expedia Group in the fourth quarter valued at $27,000. Sava Infond d.o.o. bought a new position in shares of Expedia Group in the fourth quarter valued at $28,000. Prudent Man Investment Management Inc. bought a new position in shares of Expedia Group in the fourth quarter valued at $34,000. Optiver Holding B.V. bought a new position in shares of Expedia Group in the fourth quarter valued at $38,000. Finally, Banque Transatlantique SA bought a new position in shares of Expedia Group in the fourth quarter valued at $45,000. 90.76% of the stock is owned by institutional investors.

Expedia Group Stock Performance

Shares of EXPE stock traded up $6.88 during trading on Thursday, reaching $182.97. 2,147,757 shares of the company's stock traded hands, compared to its average volume of 1,901,984. The company has a market capitalization of $23.26 billion, a P/E ratio of 21.58, a PEG ratio of 0.84 and a beta of 1.57. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. The firm's 50-day moving average is $167.62 and its 200 day moving average is $172.85. Expedia Group, Inc. has a 1 year low of $110.20 and a 1 year high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its 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 the consensus estimate of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The business's revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $0.21 EPS. Equities research analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

Wall Street Analysts Forecast Growth

EXPE has been the topic of a number of recent research reports. Truist Financial dropped their price objective on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research note on Tuesday, June 24th. Oppenheimer dropped their price target on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. JPMorgan Chase & Co. cut their price target on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen cut shares of Expedia Group from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. Finally, Piper Sandler cut shares of Expedia Group from a "neutral" rating to an "underweight" rating and cut their price target for the stock from $174.00 to $135.00 in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Expedia Group currently has a consensus rating of "Hold" and a consensus price target of $187.19.

Expedia Group 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.