Perpetual Ltd Invests $1.30 Million in Expedia Group, Inc. (NASDAQ:EXPE)

Perpetual Ltd purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,732 shares of the online travel company's stock, valued at approximately $1,300,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPE. Praxis Investment Management Inc. boosted its holdings in shares of Expedia Group by 63.5% in the 1st quarter. Praxis Investment Management Inc. now owns 4,610 shares of the online travel company's stock worth $775,000 after buying an additional 1,790 shares during the last quarter. Clare Market Investments LLC purchased a new stake in Expedia Group during the fourth quarter valued at about $319,000. State of Alaska Department of Revenue lifted its holdings in Expedia Group by 3.2% during the first quarter. State of Alaska Department of Revenue now owns 14,451 shares of the online travel company's stock valued at $2,429,000 after purchasing an additional 445 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Expedia Group by 53.4% during the fourth quarter. Jones Financial Companies Lllp now owns 4,870 shares of the online travel company's stock valued at $907,000 after purchasing an additional 1,696 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in Expedia Group during the first quarter valued at about $433,000. Institutional investors own 90.76% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on EXPE. Truist Financial lowered 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 note on Tuesday, June 24th. Susquehanna decreased their price objective on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Oppenheimer reduced their price target on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Morgan Stanley cut their target price on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Finally, Wall Street Zen cut shares of Expedia Group from a "buy" rating to a "hold" rating in a report on Saturday. One 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.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $186.08.

Expedia Group Stock Up 2.4%

Shares of Expedia Group stock traded up $3.96 during trading on Friday, hitting $170.76. 1,866,135 shares of the stock traded hands, compared to its average volume of 1,900,673. The firm has a market cap of $21.71 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 0.82 and a beta of 1.59. 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, Inc. has a 52-week low of $110.20 and a 52-week high of $207.73. The stock's fifty day simple moving average is $164.74 and its 200 day simple moving average is $173.16.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter last year, the firm earned $0.21 EPS. Expedia Group's revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently announced 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 was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.94%. Expedia Group's dividend payout ratio (DPR) 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.