Expedia Group, Inc. (NASDAQ:EXPE) Stock Position Lifted by Vident Advisory LLC

Vident Advisory LLC raised its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 41.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,525 shares of the online travel company’s stock after acquiring an additional 3,386 shares during the quarter. Vident Advisory LLC’s holdings in Expedia Group were worth $2,147,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its stake in Expedia Group by 17.8% in the fourth quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company’s stock valued at $5,729,000 after acquiring an additional 4,656 shares during the last quarter. Teamwork Financial Advisors LLC acquired a new stake in Expedia Group in the fourth quarter valued at approximately $1,791,000. Clare Market Investments LLC acquired a new stake in Expedia Group in the fourth quarter valued at approximately $319,000. Nisa Investment Advisors LLC lifted its stake in Expedia Group by 17.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company’s stock valued at $11,180,000 after acquiring an additional 9,086 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new stake in Expedia Group in the fourth quarter valued at approximately $238,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EXPE. Cantor Fitzgerald restated a “neutral” rating and issued a $170.00 price objective on shares of Expedia Group in a research note on Thursday, May 15th. JMP Securities restated a “market perform” rating on shares of Expedia Group in a research note on Friday, February 7th. The Goldman Sachs Group reduced their price objective on shares of Expedia Group from $219.00 to $183.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Piper Sandler cut shares of Expedia Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $174.00 to $135.00 in a research note on Friday, May 9th. Finally, B. Riley reiterated a “buy” rating and set a $235.00 target price (up from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $186.35.

Expedia Group Stock Down 2.0%

Shares of NASDAQ:EXPE opened at $159.34 on Thursday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $20.26 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73. The business has a fifty day moving average price of $160.58 and a two-hundred day moving average price of $176.01.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. Analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.00%. Expedia Group’s dividend payout ratio is currently 18.87%.

Expedia Group 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.