TD Asset Management Inc Has $26.19 Million Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• TD Asset Management Inc increased its stake in Expedia Group, Inc. by 41.7%, owning 155,799 shares valued at approximately $26.19 million as per its latest SEC filing.
• Research analysts have varied opinions on Expedia's stock, with average price targets ranging from $168.00 to $210.00 and an overall average rating of "Moderate Buy."
• Expedia Group reported a quarterly revenue of $2.99 billion, falling short of estimates, and announced a dividend of $0.40 per share with a 0.89% yield.

TD Asset Management Inc boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 41.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,799 shares of the online travel company's stock after purchasing an additional 45,813 shares during the quarter. TD Asset Management Inc owned about 0.12% of Expedia Group worth $26,190,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EXPE. Altman Advisors Inc. boosted its holdings in shares of Expedia Group by 0.5% in the 1st quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock valued at $2,093,000 after buying an additional 65 shares in the last quarter. UMB Bank n.a. raised its position in shares of Expedia Group by 14.1% in the 1st quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock valued at $94,000 after purchasing an additional 69 shares during the last quarter. Diametric Capital LP raised its position in shares of Expedia Group by 1.6% in the 4th quarter. Diametric Capital LP now owns 4,737 shares of the online travel company's stock valued at $883,000 after purchasing an additional 74 shares during the last quarter. Foyston Gordon & Payne Inc raised its position in shares of Expedia Group by 0.3% in the 4th quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock valued at $4,124,000 after purchasing an additional 74 shares during the last quarter. Finally, Ascent Group LLC raised its position in shares of Expedia Group by 3.2% in the 4th quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock valued at $453,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Bank of America raised their price target on shares of Expedia Group from $205.00 to $211.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Wells Fargo & Company lifted their price target on shares of Expedia Group from $149.00 to $178.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 price objective on shares of Expedia Group in a report on Wednesday, July 23rd. Wedbush reissued a "neutral" rating and set a $165.00 price objective (down from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Finally, Susquehanna lowered their price target on Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of "Moderate Buy" and an average price target of $189.38.

Expedia Group Stock Performance

Shares of EXPE stock traded down $2.16 during mid-day trading on Friday, reaching $178.06. The stock had a trading volume of 1,674,154 shares, compared to its average volume of 2,083,952. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The firm has a market cap of $22.63 billion, a PE ratio of 21.00, a P/E/G ratio of 0.86 and a beta of 1.57. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73. The firm's 50 day simple moving average is $174.03 and its 200 day simple moving average is $172.71.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly 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 business had revenue of $2.99 billion for 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%. The company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 earnings per share. On average, analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, May 29th. Expedia Group's payout ratio is 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.