Ontario Teachers Pension Plan Board Buys 7,649 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Ontario Teachers Pension Plan Board increased its stake in Expedia Group by 102.4%, now holding a position worth $2.54 million after acquiring an additional 7,649 shares.
• Expedia Group reported $4.24 earnings per share for the last quarter, exceeding analysts' estimates and achieving a revenue of $3.79 billion.
• The company announced a quarterly dividend of $0.40 per share, representing an annualized dividend of $1.60 and a yield of 0.9%.

Ontario Teachers Pension Plan Board increased its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 102.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 15,120 shares of the online travel company's stock after acquiring an additional 7,649 shares during the period. Ontario Teachers Pension Plan Board's holdings in Expedia Group were worth $2,542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Minot DeBlois Advisors LLC acquired a new position in shares of Expedia Group in the 4th quarter valued at approximately $27,000. McClarren Financial Advisors Inc. acquired a new position in shares of Expedia Group in the 1st quarter valued at approximately $28,000. Park Square Financial Group LLC acquired a new position in shares of Expedia Group in the 1st quarter valued at approximately $34,000. Optiver Holding B.V. acquired a new position in shares of Expedia Group in the 4th quarter valued at approximately $38,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Expedia Group during the 4th quarter valued at approximately $45,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EXPE. The Goldman Sachs Group dropped their price target on Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Susquehanna decreased their price target on Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. Morgan Stanley upped their price objective on Expedia Group from $150.00 to $165.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Royal Bank Of Canada upped their price objective on Expedia Group from $180.00 to $200.00 and gave the company a "sector perform" rating in a report on Friday. Finally, DA Davidson upped their target price on Expedia Group from $174.00 to $218.00 and gave the company a "neutral" rating in a report on Friday. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $203.00.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE traded up $7.65 during mid-day trading on Friday, reaching $195.26. The company had a trading volume of 6,966,447 shares, compared to its average volume of 1,580,907. 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 has a market cap of $24.82 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.93 and a beta of 1.61. The company's 50-day moving average price is $176.65 and its 200-day moving average price is $172.70. Expedia Group, Inc. has a one year low of $125.50 and a one year high of $213.00.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.13 by $0.11. Expedia Group had a net margin of 7.94% and a return on equity of 53.64%. The business had revenue of $3.79 billion for the quarter, compared to analysts' expectations of $3.70 billion. During the same quarter in the previous year, the firm posted $3.51 EPS. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, August 28th. Expedia Group's dividend payout ratio is presently 18.87%.

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.