Stock Yards Bank & Trust Co. lowered its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 192,486 shares of the online travel company's stock after selling 20,610 shares during the period. Expedia Group comprises about 1.2% of Stock Yards Bank & Trust Co.'s holdings, making the stock its 28th largest holding. Stock Yards Bank & Trust Co. owned approximately 0.15% of Expedia Group worth $32,357,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Azzad Asset Management Inc. ADV lifted its stake in Expedia Group by 195.2% during the first quarter. Azzad Asset Management Inc. ADV now owns 9,341 shares of the online travel company's stock worth $1,570,000 after purchasing an additional 6,177 shares during the last quarter. Fifth Third Bancorp lifted its stake in Expedia Group by 2.4% during the first quarter. Fifth Third Bancorp now owns 6,009 shares of the online travel company's stock worth $1,010,000 after purchasing an additional 143 shares during the last quarter. Simon Quick Advisors LLC bought a new stake in Expedia Group during the first quarter worth about $344,000. USA Financial Formulas bought a new stake in shares of Expedia Group in the 1st quarter valued at about $1,025,000. Finally, Redhawk Wealth Advisors Inc. bought a new stake in shares of Expedia Group in the 1st quarter valued at about $288,000. Institutional investors own 90.76% of the company's stock.
Analysts Set New Price Targets
EXPE has been the subject of a number of recent research reports. Oppenheimer lowered their target price on Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Wells Fargo & Company boosted their target price on Expedia Group from $143.00 to $149.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Benchmark lowered their target price on Expedia Group from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Truist Financial boosted their target price on Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a research note on Wednesday, March 12th. Finally, Morgan Stanley lowered their target price on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Expedia Group presently has an average rating of "Moderate Buy" and a consensus target price of $186.35.
Check Out Our Latest Research Report on Expedia Group
Expedia Group Stock Down 3.5%
EXPE stock traded down $6.07 during midday trading on Friday, hitting $165.63. The company's stock had a trading volume of 1,404,086 shares, compared to its average volume of 1,914,668. The company has a market cap of $21.06 billion, a PE ratio of 18.30, a P/E/G ratio of 0.92 and a beta of 1.59. Expedia Group, Inc. has a 12 month low of $110.20 and a 12 month high of $207.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The firm's 50-day moving average is $161.96 and its 200-day moving average is $174.70.
Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings data 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). 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 9.01% and a return on equity of 52.41%. The business's revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. On average, equities research analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.
Expedia Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.97%. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.
Expedia Group Company Profile
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Free Report)
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.
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