Walter Public Investments Inc. Purchases 4,050 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Walter Public Investments Inc. increased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 5.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,574 shares of the online travel company's stock after acquiring an additional 4,050 shares during the period. Expedia Group comprises 2.4% of Walter Public Investments Inc.'s holdings, making the stock its 23rd largest holding. Walter Public Investments Inc. owned approximately 0.06% of Expedia Group worth $12,872,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. increased its stake 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 grew its position in Expedia Group by 1.6% in the fourth quarter. Diametric Capital LP now owns 4,737 shares of the online travel company's stock valued at $883,000 after acquiring an additional 74 shares during the last quarter. Foyston Gordon & Payne Inc raised its stake in Expedia Group by 0.3% during the fourth quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock worth $4,124,000 after acquiring an additional 74 shares in the last quarter. Ascent Group LLC raised its stake in Expedia Group by 3.2% during the fourth quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock worth $453,000 after acquiring an additional 76 shares in the last quarter. Finally, Seed Wealth Management Inc. lifted its holdings in shares of Expedia Group by 8.2% in the first quarter. Seed Wealth Management Inc. now owns 1,250 shares of the online travel company's stock worth $210,000 after acquiring an additional 95 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EXPE shares. Wedbush reiterated 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. JPMorgan Chase & Co. dropped 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 report on Saturday, June 28th. Truist Financial lowered their target price on Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a report on Tuesday, June 24th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $170.00 price target on shares of Expedia Group in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $187.19.

Expedia Group Stock Up 0.4%

Shares of NASDAQ:EXPE traded up $0.67 during midday trading on Friday, hitting $183.64. 1,265,710 shares of the company's stock were exchanged, compared to its average volume of 1,901,250. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a 12 month low of $110.20 and a 12 month high of $207.73. The company has a market cap of $23.34 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 0.87 and a beta of 1.57. The stock has a 50 day moving average price of $168.56 and a 200-day moving average price of $172.77.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its 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 company had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The firm's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. On average, sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Thursday, May 29th. Expedia Group's 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.