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

Rhumbline Advisers increased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 455,074 shares of the online travel company's stock after purchasing an additional 36,802 shares during the quarter. Rhumbline Advisers owned approximately 0.36% of Expedia Group worth $76,498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Expedia Group in the fourth quarter valued at about $670,565,000. Bamco Inc. NY purchased a new position in Expedia Group in the fourth quarter valued at about $80,206,000. Alkeon Capital Management LLC boosted its stake in Expedia Group by 25.4% in the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after acquiring an additional 400,000 shares during the last quarter. Bridgewater Associates LP boosted its stake in Expedia Group by 73.4% in the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock valued at $159,175,000 after acquiring an additional 361,543 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Expedia Group by 18,141.9% in the first quarter. GAMMA Investing LLC now owns 353,346 shares of the online travel company's stock valued at $59,397,000 after acquiring an additional 351,409 shares during the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EXPE. Hsbc Global Res upgraded shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 7th. Morgan Stanley lowered their price target on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. B. Riley reissued a "buy" rating and issued a $235.00 price target (up previously from $220.00) on shares of Expedia Group in a research report on Friday, February 7th. Wedbush reissued a "neutral" rating and issued a $165.00 price target (down previously from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Finally, Susquehanna lowered their price target 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. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $186.35.

Expedia Group Price Performance

Expedia Group stock traded up $3.17 during midday trading on Friday, reaching $176.55. 1,822,609 shares of the stock were exchanged, compared to its average volume of 1,925,932. The company's fifty day moving average is $159.50 and its 200-day moving average is $175.17. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $22.44 billion, a PE ratio of 19.51, a PEG ratio of 0.92 and a beta of 1.59. Expedia Group, Inc. has a 52 week low of $110.20 and a 52 week high of $207.73.

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 for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The business's revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $0.21 EPS. On average, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

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.