Wealth Enhancement Advisory Services LLC Has $4.96 Million Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Wealth Enhancement Advisory Services LLC increased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 165.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,617 shares of the online travel company's stock after buying an additional 16,587 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Expedia Group were worth $4,960,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPE. Minot DeBlois Advisors LLC acquired a new stake in Expedia Group in the 4th quarter valued at $27,000. SRH Advisors LLC bought a new position in shares of Expedia Group in the 4th quarter valued at about $28,000. Sava Infond d.o.o. acquired a new stake in shares of Expedia Group in the fourth quarter valued at about $28,000. Prudent Man Investment Management Inc. bought a new stake in Expedia Group during the fourth quarter worth about $34,000. Finally, Optiver Holding B.V. bought a new stake in Expedia Group during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Oppenheimer decreased their price target 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. Cantor Fitzgerald restated a "neutral" rating and set a $170.00 price objective on shares of Expedia Group in a research note on Thursday, May 15th. JMP Securities reiterated a "market perform" rating on shares of Expedia Group in a research note on Friday, February 7th. DA Davidson upped their price objective on Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, Bank of America raised their price objective on Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $186.35.

Expedia Group Price Performance

NASDAQ EXPE traded up $1.20 during midday trading on Wednesday, hitting $169.82. The company had a trading volume of 1,866,389 shares, compared to its average volume of 1,931,290. The firm has a 50-day moving average price of $159.18 and a 200-day moving average price of $175.25. The company has a market capitalization of $21.59 billion, a PE ratio of 18.76, a P/E/G ratio of 0.92 and a beta of 1.62. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a twelve month low of $110.20 and a twelve month high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the business posted $0.21 EPS. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.94%. Expedia Group's dividend payout ratio is currently 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.