Pacer Advisors Inc. Cuts Position in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Pacer Advisors Inc. reduced its position in Expedia Group by 30.9%, selling 735,598 shares, and now owns about 1.27% of the company's stock worth approximately $275.9 million.
• Expedia Group's recent earnings report showed $0.40 EPS, which missed analyst estimates of $0.42, and revenue of $2.99 billion, below the expected $3.02 billion.
• The company announced a quarterly dividend of $0.40 per share, resulting in an annualized yield of 0.84% and a payout ratio of 18.87%.

Pacer Advisors Inc. reduced its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 30.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,641,365 shares of the online travel company's stock after selling 735,598 shares during the quarter. Pacer Advisors Inc. owned about 1.27% of Expedia Group worth $275,913,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Avantax Advisory Services Inc. boosted its holdings in shares of Expedia Group by 19.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,351 shares of the online travel company's stock worth $731,000 after purchasing an additional 723 shares during the period. SFE Investment Counsel bought a new stake in Expedia Group in the first quarter worth $1,836,000. Pinnacle Associates Ltd. boosted its stake in Expedia Group by 11.1% during the first quarter. Pinnacle Associates Ltd. now owns 10,931 shares of the online travel company's stock worth $1,837,000 after buying an additional 1,089 shares during the period. Wakefield Asset Management LLLP purchased a new position in shares of Expedia Group during the 1st quarter worth about $580,000. Finally, IMA Advisory Services Inc. bought a new position in shares of Expedia Group during the first quarter valued at approximately $147,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Stock Performance

Shares of EXPE stock opened at $190.48 on Friday. The firm has a market cap of $24.21 billion, a P/E ratio of 22.46, a P/E/G ratio of 0.92 and a beta of 1.57. 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 firm's 50 day moving average price is $171.98 and its 200-day moving average price is $172.66. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The firm's revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 earnings per share. As a group, equities research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.84%. Expedia Group's dividend payout ratio is presently 18.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Expedia Group from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Susquehanna decreased their price objective on Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a report on Monday, May 12th. Piper Sandler lowered shares of Expedia Group from a "neutral" rating to an "underweight" rating and cut their price target for the company from $174.00 to $135.00 in a research note on Friday, May 9th. Truist Financial dropped their target price on 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, Wells Fargo & Company lifted their price objective on Expedia Group from $149.00 to $178.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $188.92.

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.

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