Rhumbline Advisers Acquires 36,802 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Rhumbline Advisers boosted its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 8.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 455,074 shares of the online travel company's stock after acquiring an additional 36,802 shares during the period. Rhumbline Advisers owned 0.36% of Expedia Group worth $76,498,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Minot DeBlois Advisors LLC bought a new position in Expedia Group in the fourth quarter worth about $27,000. SRH Advisors LLC purchased a new position in shares of Expedia Group in the 4th quarter valued at approximately $28,000. Sava Infond d.o.o. bought a new stake in shares of Expedia Group during the fourth quarter valued at approximately $28,000. Prudent Man Investment Management Inc. purchased a new stake in Expedia Group in the fourth quarter worth $34,000. Finally, Optiver Holding B.V. purchased a new stake in Expedia Group in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EXPE shares. Oppenheimer dropped their target price on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Bank of America boosted their price objective on shares of Expedia Group from $205.00 to $211.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Susquehanna decreased their target price on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. Hsbc Global Res raised Expedia Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 7th. Finally, Wall Street Zen cut Expedia Group from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Expedia Group currently has an average rating of "Moderate Buy" and a consensus price target of $186.35.

Expedia Group Stock Performance

Shares of EXPE traded up $3.56 during trading hours on Thursday, hitting $173.38. The stock had a trading volume of 1,900,061 shares, compared to its average volume of 1,931,646. The firm has a market capitalization of $22.04 billion, a PE ratio of 19.16, a PEG ratio of 0.92 and a beta of 1.62. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a fifty day moving average price of $159.22 and a 200 day moving average price of $175.22. Expedia Group, Inc. has a 12 month low of $110.20 and a 12 month high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). The business had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The company's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. Analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date is Thursday, May 29th. Expedia Group's dividend payout ratio is currently 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.