State Treasurer State of Michigan lessened its holdings in Expedia Group Inc (NASDAQ:EXPE) by 16.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,284 shares of the online travel company’s stock after selling 5,400 shares during the period. State Treasurer State of Michigan’s holdings in Expedia Group were worth $3,763,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in Expedia Group by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 1,558,162 shares of the online travel company’s stock valued at $175,222,000 after acquiring an additional 104,159 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Expedia Group by 33.8% in the 4th quarter. Nordea Investment Management AB now owns 7,536 shares of the online travel company’s stock valued at $849,000 after buying an additional 1,902 shares during the period. Huntington National Bank boosted its stake in shares of Expedia Group by 39.5% in the 1st quarter. Huntington National Bank now owns 11,748 shares of the online travel company’s stock valued at $1,398,000 after buying an additional 3,328 shares during the period. North Star Investment Management Corp. purchased a new position in shares of Expedia Group in the 1st quarter valued at about $25,000. Finally, Pacer Advisors Inc. boosted its stake in shares of Expedia Group by 21,698.8% in the 1st quarter. Pacer Advisors Inc. now owns 17,657 shares of the online travel company’s stock valued at $2,101,000 after buying an additional 17,576 shares during the period. 81.91% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on EXPE shares. Standpoint Research started coverage on Expedia Group in a research note on Tuesday, July 16th. They issued a “buy” rating and a $180.00 price objective for the company. Citigroup set a $140.00 price objective on Expedia Group and gave the company a “hold” rating in a research note on Friday, July 26th. Susquehanna Bancshares reiterated a “neutral” rating and issued a $141.00 price objective (down previously from $170.00) on shares of Expedia Group in a research note on Monday, May 6th. Oppenheimer set a $160.00 price objective on Expedia Group and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Telsey Advisory Group set a $125.00 price objective on Expedia Group and gave the company a “hold” rating in a research note on Friday, May 3rd. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $152.43.
EXPE stock traded down $1.55 during trading on Friday, hitting $128.92. 1,129,367 shares of the company’s stock were exchanged, compared to its average volume of 2,154,121. The firm’s 50-day moving average price is $133.36. The firm has a market capitalization of $19.03 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08. Expedia Group Inc has a 52-week low of $108.11 and a 52-week high of $144.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.76 and a quick ratio of 0.76.
Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, July 25th. The online travel company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.40 by $0.07. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 earnings per share. On average, equities research analysts predict that Expedia Group Inc will post 5.76 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.34 per share. This is a positive change from Expedia Group’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.36 annualized dividend and a yield of 1.05%. Expedia Group’s payout ratio is 26.61%.
Expedia Group Profile
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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