New Age Alpha Advisors LLC Cuts Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• New Age Alpha Advisors LLC reduced its stake in Expedia Group, Inc. by 22.4%, now holding 16,766 shares valued at approximately $2.8 million, according to a recent 13F filing.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Expedia Group, with price targets raised by several firms, including Bank of America increasing it to $240.00.
• Expedia recently disclosed a quarterly dividend of $0.40 per share, reflecting a 0.8% dividend yield and indicating a low payout ratio of 18.87%.

New Age Alpha Advisors LLC cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 22.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,766 shares of the online travel company's stock after selling 4,848 shares during the quarter. New Age Alpha Advisors LLC's holdings in Expedia Group were worth $2,818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Altman Advisors Inc. grew its position in Expedia Group by 0.5% during the 1st quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock valued at $2,093,000 after purchasing an additional 65 shares during the last quarter. UMB Bank n.a. grew its position in Expedia Group by 14.1% during the 1st quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock valued at $94,000 after purchasing an additional 69 shares during the last quarter. Foyston Gordon & Payne Inc grew its position in Expedia Group by 0.3% during the 4th quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock valued at $4,124,000 after purchasing an additional 74 shares during the last quarter. Ascent Group LLC grew its position in Expedia Group by 3.2% during the 4th quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock valued at $453,000 after purchasing an additional 76 shares during the last quarter. Finally, Smithfield Trust Co grew its position in Expedia Group by 2.9% during the 1st quarter. Smithfield Trust Co now owns 3,265 shares of the online travel company's stock valued at $550,000 after purchasing an additional 93 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXPE has been the topic of several recent analyst reports. Wall Street Zen raised shares of Expedia Group from a "hold" rating to a "buy" rating in a research report on Monday, July 28th. Bank of America raised their price target on shares of Expedia Group from $211.00 to $240.00 and gave the company a "buy" rating in a report on Friday. Morgan Stanley raised their price target on shares of Expedia Group from $150.00 to $165.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Wells Fargo & Company raised their price target on shares of Expedia Group from $178.00 to $211.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Barclays raised their price target on shares of Expedia Group from $190.00 to $197.00 and gave the company an "equal weight" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $203.00.

Expedia Group Stock Performance

NASDAQ EXPE traded up $7.65 on Friday, reaching $195.26. 6,966,447 shares of the stock were exchanged, compared to its average volume of 1,580,907. Expedia Group, Inc. has a one year low of $125.50 and a one year high of $213.00. The firm has a market capitalization of $24.82 billion, a PE ratio of 23.93, a PEG ratio of 0.89 and a beta of 1.61. The company's 50-day simple moving average is $176.65 and its two-hundred day simple moving average is $172.70. 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 data on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.13 by $0.11. The firm had revenue of $3.79 billion for the quarter, compared to analysts' expectations of $3.70 billion. Expedia Group had a net margin of 7.94% and a return on equity of 53.64%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.51 earnings per share. 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 will be paid on Thursday, September 18th. Stockholders 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 annualized dividend and a dividend yield of 0.8%. Expedia Group's dividend payout ratio (DPR) is presently 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.