M&T Bank Corp Cuts Position in Expedia Group, Inc. (NASDAQ:EXPE)

M&T Bank Corp lowered its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 76,872 shares of the online travel company's stock after selling 4,706 shares during the period. M&T Bank Corp owned 0.06% of Expedia Group worth $12,922,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EXPE. Minot DeBlois Advisors LLC bought a new stake in Expedia Group during the fourth quarter valued at $27,000. Sava Infond d.o.o. bought a new stake in shares of Expedia Group in the 4th quarter worth approximately $28,000. Prudent Man Investment Management Inc. bought a new position in Expedia Group in the 4th quarter valued at approximately $34,000. Optiver Holding B.V. bought a new position in shares of Expedia Group during the 4th quarter valued at $38,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Expedia Group in the 4th quarter worth $45,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Stock Up 4.7%

Shares of EXPE stock traded up $8.31 during mid-day trading on Thursday, hitting $184.40. The company's stock had a trading volume of 895,914 shares, compared to its average volume of 1,896,390. Expedia Group, Inc. has a 52-week low of $110.20 and a 52-week high of $207.73. The business has a 50-day moving average price of $167.62 and a 200 day moving average price of $172.85. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market cap of $23.44 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 0.85 and a beta of 1.57.

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 net margin of 8.48% and a return on equity of 52.60%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the firm posted $0.21 EPS. The business's revenue for the quarter was up 3.4% on a year-over-year basis. Research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EXPE. 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 report on Monday. Wedbush reaffirmed a "neutral" rating and issued a $165.00 price target (down from $180.00) on shares of Expedia Group in a report on Friday, May 9th. The Goldman Sachs Group dropped their price objective on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Barclays boosted their price objective on shares of Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Finally, UBS Group decreased their target price on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $187.19.

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.