SFE Investment Counsel Makes New Investment in Expedia Group, Inc. (NASDAQ:EXPE)

SFE Investment Counsel purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,921 shares of the online travel company's stock, valued at approximately $1,836,000.

A number of other hedge funds also recently modified their holdings of EXPE. Minot DeBlois Advisors LLC acquired a new position in shares of Expedia Group in the fourth quarter valued at about $27,000. Sava Infond d.o.o. acquired a new position in shares of Expedia Group during the 4th quarter worth approximately $28,000. Prudent Man Investment Management Inc. acquired a new stake in Expedia Group during the fourth quarter worth approximately $34,000. Park Square Financial Group LLC acquired a new stake in Expedia Group during the first quarter worth approximately $34,000. Finally, Optiver Holding B.V. acquired a new stake in Expedia Group during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Analyst Ratings Changes

EXPE has been the topic of several analyst reports. 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. Wells Fargo & Company raised 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. Susquehanna reduced 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 note on Monday, May 12th. Piper Sandler lowered shares of Expedia Group from a "neutral" rating to an "underweight" rating and cut their target price for the company from $174.00 to $135.00 in a research report on Friday, May 9th. Finally, UBS Group cut their price objective on Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $188.92.

Expedia Group Stock Performance

Shares of EXPE stock traded down $3.14 during trading hours on Friday, hitting $187.34. 1,419,322 shares of the company were exchanged, compared to its average volume of 1,425,732. Expedia Group, Inc. has a 52-week low of $110.20 and a 52-week high of $207.73. 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 fifty day simple moving average of $172.39 and a 200 day simple moving average of $172.62. The stock has a market capitalization of $23.81 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 0.90 and a beta of 1.57.

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 for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The company's revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. Research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.85%. Expedia Group's dividend payout ratio (DPR) is currently 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.