Vanguard Group Inc. Has $2.56 Billion Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Vanguard Group Inc. has increased its stake in Expedia Group by 2.7%, owning approximately 15.2 million shares valued at about $2.56 billion.
• Several institutional investors, including Alkeon Capital and FMR LLC, have significantly raised their positions in Expedia Group, contributing to an overall institutional ownership of 90.76%.
• Analysts have mixed views on Expedia Group, with price targets ranging from $175.00 to $220.00, resulting in an overall average rating of "Moderate Buy."

Vanguard Group Inc. grew its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 2.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,201,811 shares of the online travel company's stock after buying an additional 394,147 shares during the period. Vanguard Group Inc. owned approximately 11.80% of Expedia Group worth $2,555,424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alkeon Capital Management LLC boosted its stake in Expedia Group by 25.4% in the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock worth $368,276,000 after purchasing an additional 400,000 shares during the period. FMR LLC boosted its stake in Expedia Group by 6.5% in the 4th quarter. FMR LLC now owns 1,303,532 shares of the online travel company's stock worth $242,887,000 after purchasing an additional 79,372 shares during the period. Northern Trust Corp boosted its stake in Expedia Group by 8.8% in the 4th quarter. Northern Trust Corp now owns 1,275,907 shares of the online travel company's stock worth $237,740,000 after purchasing an additional 102,949 shares during the period. Dimensional Fund Advisors LP boosted its stake in Expedia Group by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,176,669 shares of the online travel company's stock worth $219,255,000 after purchasing an additional 71,795 shares during the period. Finally, Los Angeles Capital Management LLC boosted its stake in Expedia Group by 3,369.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company's stock worth $172,995,000 after purchasing an additional 999,454 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.

Analyst Upgrades and Downgrades

EXPE has been the topic of several analyst reports. DA Davidson boosted their price target on shares of Expedia Group from $174.00 to $218.00 and gave the stock a "neutral" rating in a research report on Friday. Royal Bank Of Canada boosted their price target on shares of Expedia Group from $180.00 to $200.00 and gave the stock a "sector perform" rating in a research report on Friday. Wedbush boosted their price target on shares of Expedia Group from $175.00 to $220.00 and gave the stock a "neutral" rating in a research report on Friday. Susquehanna cut 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 report on Monday, May 12th. Finally, Morgan Stanley boosted their price target on shares of Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Expedia Group presently has an average rating of "Moderate Buy" and an average price target of $203.00.

Expedia Group Stock Up 4.1%

Shares of EXPE opened at $195.26 on Friday. Expedia Group, Inc. has a 52 week low of $125.50 and a 52 week high of $213.00. The firm has a market cap of $24.82 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 0.89 and a beta of 1.61. The firm's 50-day simple moving average is $176.65 and its 200 day simple moving average is $172.70. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, beating analysts' consensus estimates of $4.13 by $0.11. Expedia Group had a net margin of 7.94% and a return on equity of 53.64%. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the prior year, the business earned $3.51 EPS. Expedia Group's quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 28th. Expedia Group's dividend payout ratio is presently 18.87%.

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.

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