Expedia Group, Inc. (NASDAQ:EXPE) Stock Position Decreased by M&T Bank Corp

M&T Bank Corp reduced its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 5.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 approximately 0.06% of Expedia Group worth $12,922,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EXPE. Blackhawk Capital Partners LLC. increased its stake in shares of Expedia Group by 7.6% during the 1st quarter. Blackhawk Capital Partners LLC. now owns 14,416 shares of the online travel company's stock worth $2,423,000 after purchasing an additional 1,020 shares in the last quarter. Walter Public Investments Inc. increased its stake in shares of Expedia Group by 5.6% during the 1st quarter. Walter Public Investments Inc. now owns 76,574 shares of the online travel company's stock worth $12,872,000 after purchasing an additional 4,050 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Expedia Group by 4.1% during the 1st quarter. Brown Advisory Inc. now owns 40,067 shares of the online travel company's stock worth $6,735,000 after purchasing an additional 1,578 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Expedia Group by 54.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 17,968 shares of the online travel company's stock worth $3,020,000 after purchasing an additional 6,355 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Expedia Group by 1.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 186,764 shares of the online travel company's stock worth $31,395,000 after purchasing an additional 3,251 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Wedbush reissued a "neutral" rating and set a $165.00 price objective (down from $180.00) on shares of Expedia Group in a research note on Friday, May 9th. Wells Fargo & Company raised their target price on shares of Expedia Group from $149.00 to $178.00 and gave the stock an "equal weight" rating in a research report on Monday. UBS Group decreased their target price on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Truist Financial decreased their target price on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research report on Tuesday, June 24th. Finally, Barclays raised their target price on shares of Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $187.19.

Expedia Group Stock Up 0.4%

Expedia Group stock traded up $0.67 during midday trading on Friday, hitting $183.64. 1,265,710 shares of the stock were exchanged, compared to its average volume of 1,899,449. Expedia Group, Inc. has a 1 year low of $110.20 and a 1 year high of $207.73. The firm has a market cap of $23.34 billion, a P/E ratio of 21.66, a P/E/G ratio of 0.84 and a beta of 1.57. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. The company has a 50 day moving average price of $168.12 and a two-hundred day moving average price of $172.81.

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 return on equity of 52.60% and a net margin of 8.48%. The firm had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same period last year, the firm earned $0.21 EPS. The business's quarterly revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

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

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.