SFE Investment Counsel Purchases Shares of 10,921 Expedia Group, Inc. (NASDAQ:EXPE)

SFE Investment Counsel purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 10,921 shares of the online travel company’s stock, valued at approximately $1,836,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Altman Advisors Inc. lifted its holdings in shares of Expedia Group by 0.5% in the first quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company’s stock valued at $2,093,000 after purchasing an additional 65 shares in the last quarter. UMB Bank n.a. raised its stake in Expedia Group by 14.1% during the 1st quarter. UMB Bank n.a. now owns 558 shares of the online travel company’s stock worth $94,000 after buying an additional 69 shares during the period. Diametric Capital LP raised its holdings in Expedia Group by 1.6% during the fourth quarter. Diametric Capital LP now owns 4,737 shares of the online travel company’s stock worth $883,000 after buying an additional 74 shares during the last quarter. Foyston Gordon & Payne Inc boosted its position in shares of 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 valued at $4,124,000 after buying an additional 74 shares during the last quarter. Finally, Ascent Group LLC grew its holdings in shares of Expedia Group by 3.2% in the fourth quarter. Ascent Group LLC now owns 2,430 shares of the online travel company’s stock valued at $453,000 after acquiring an additional 76 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on EXPE shares. UBS Group decreased their target price on Expedia Group from $194.00 to $170.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Wells Fargo & Company raised their price objective on Expedia Group from $149.00 to $178.00 and gave the stock an “equal weight” rating in a research report on Monday, July 7th. Wedbush reaffirmed a “neutral” rating and set a $165.00 price objective (down from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Truist Financial dropped their target price on shares of Expedia Group from $175.00 to $168.00 and set a “hold” rating for the company in a report on Tuesday, June 24th. Finally, Susquehanna reduced their price target on shares of Expedia Group from $205.00 to $175.00 and set a “neutral” rating for the company in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $188.92.

Expedia Group Stock Performance

Shares of EXPE stock opened at $192.19 on Thursday. The firm has a market capitalization of $24.43 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 0.91 and a beta of 1.57. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The stock has a fifty day moving average of $171.49 and a 200 day moving average of $172.62. Expedia Group, Inc. has a 52 week low of $110.20 and a 52 week high of $207.73.

Expedia Group (NASDAQ:EXPE) last issued its 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). The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. As a group, research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. 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.