Zurcher Kantonalbank Zurich Cantonalbank Buys 24,804 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Expedia Group, Inc. by 74.7%, owning 57,992 shares valued at approximately $9.75 million following a purchase of 24,804 shares in the first quarter.
• Expedia reported an EPS of $0.40 for the last quarter, missing the expected $0.42 and generating revenue of $2.99 billion, which was below the forecast of $3.02 billion.
• The company declared a quarterly dividend of $0.40, resulting in an annualized dividend yield of 0.89% and a payout ratio of 18.87%.

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 74.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,992 shares of the online travel company's stock after purchasing an additional 24,804 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Expedia Group were worth $9,748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in EXPE. Minot DeBlois Advisors LLC acquired a new stake in shares of Expedia Group in the 4th quarter valued at approximately $27,000. Park Square Financial Group LLC acquired a new stake in shares of Expedia Group in the 1st quarter valued at approximately $34,000. Optiver Holding B.V. acquired a new stake in Expedia Group during the 4th quarter worth approximately $38,000. Banque Transatlantique SA acquired a new stake in Expedia Group during the 4th quarter worth approximately $45,000. Finally, Larson Financial Group LLC boosted its position in Expedia Group by 2,175.0% during the 1st quarter. Larson Financial Group LLC now owns 273 shares of the online travel company's stock worth $46,000 after buying an additional 261 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Down 1.2%

NASDAQ EXPE traded down $2.16 during mid-day trading on Friday, hitting $178.06. The company's stock had a trading volume of 1,674,154 shares, compared to its average volume of 1,338,934. The company's 50 day simple moving average is $174.41 and its 200 day simple moving average is $172.68. Expedia Group, Inc. has a twelve month low of $110.20 and a twelve month high of $207.73. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $22.63 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 0.86 and a beta of 1.61.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). The firm had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. Expedia Group's revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. Analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. Expedia Group's payout ratio is 18.87%.

Analysts Set New Price Targets

EXPE has been the topic of several recent research reports. Barclays lifted their target price on shares of Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Wall Street Zen upgraded shares of Expedia Group from a "hold" rating to a "buy" rating in a research report on Monday. Bank of America lifted their target price 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. Susquehanna cut their target price 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, Piper Sandler downgraded shares of Expedia Group from a "neutral" rating to an "underweight" rating and cut their target price for the stock from $174.00 to $135.00 in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $189.38.

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.