Sumitomo Mitsui DS Asset Management Company Ltd Purchases 2,534 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 19.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,838 shares of the online travel company's stock after buying an additional 2,534 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Expedia Group were worth $2,662,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Vontobel Holding Ltd. grew its stake in Expedia Group by 42.0% in the first quarter. Vontobel Holding Ltd. now owns 49,060 shares of the online travel company's stock valued at $8,247,000 after purchasing an additional 14,503 shares in the last quarter. Mather Group LLC. grew its stake in Expedia Group by 42.1% in the first quarter. Mather Group LLC. now owns 543 shares of the online travel company's stock valued at $91,000 after purchasing an additional 161 shares in the last quarter. Kendall Capital Management grew its stake in Expedia Group by 7.3% in the first quarter. Kendall Capital Management now owns 11,325 shares of the online travel company's stock valued at $1,904,000 after purchasing an additional 775 shares in the last quarter. New York State Teachers Retirement System grew its stake in Expedia Group by 7.7% in the first quarter. New York State Teachers Retirement System now owns 123,173 shares of the online travel company's stock valued at $20,705,000 after purchasing an additional 8,854 shares in the last quarter. Finally, Amalgamated Bank grew its stake in Expedia Group by 2.4% in the first quarter. Amalgamated Bank now owns 26,206 shares of the online travel company's stock valued at $4,405,000 after purchasing an additional 610 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of analyst reports. Morgan Stanley decreased their price target 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. JPMorgan Chase & Co. decreased their price target on Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen downgraded Expedia Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Oppenheimer cut their price objective on Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Finally, Barclays raised their price objective on Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $186.08.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $176.65 on Friday. The stock has a market capitalization of $22.46 billion, a PE ratio of 20.83, a P/E/G ratio of 0.84 and a beta of 1.57. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. The business has a fifty day moving average price of $166.56 and a two-hundred day moving average price of $172.91. Expedia Group, Inc. has a fifty-two week low of $110.20 and a fifty-two week high of $207.73.

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 company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. Expedia Group's revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. As a group, equities analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were issued a $0.40 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.91%. Expedia Group's dividend payout ratio is presently 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.

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