Sowell Financial Services LLC Purchases Shares of 2,578 Expedia Group, Inc. (NASDAQ:EXPE)

Sowell Financial Services LLC purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 2,578 shares of the online travel company's stock, valued at approximately $433,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Expedia Group in the 4th quarter worth $408,000. Principal Securities Inc. grew its stake in shares of Expedia Group by 5.4% in the 4th quarter. Principal Securities Inc. now owns 2,360 shares of the online travel company's stock worth $440,000 after buying an additional 121 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Expedia Group by 3.5% in the 4th quarter. CIBC Asset Management Inc now owns 18,995 shares of the online travel company's stock worth $3,539,000 after buying an additional 640 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Expedia Group by 391.0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,630 shares of the online travel company's stock worth $304,000 after buying an additional 1,298 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in shares of Expedia Group by 338.5% in the 4th quarter. Ieq Capital LLC now owns 30,584 shares of the online travel company's stock worth $5,699,000 after buying an additional 23,609 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Trading Up 1.5%

NASDAQ:EXPE opened at $164.88 on Friday. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73. 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 has a market cap of $20.96 billion, a P/E ratio of 19.44, a P/E/G ratio of 0.78 and a beta of 1.59. The firm has a 50-day simple moving average of $163.08 and a 200-day simple moving average of $174.04.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. Equities analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Susquehanna dropped their price objective 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. Benchmark dropped their price target on shares of Expedia Group from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Friday, May 9th. The Goldman Sachs Group dropped their price target on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Wells Fargo & Company lifted their price target on shares of Expedia Group from $143.00 to $149.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Finally, UBS Group dropped their price target on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Expedia Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $186.35.

About Expedia Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.