RKL Wealth Management LLC bought a new position in Expedia Group Inc (NASDAQ:EXPE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,512 shares of the online travel company’s stock, valued at approximately $202,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Artisan Partners Limited Partnership lifted its position in Expedia Group by 14.8% in the 1st quarter. Artisan Partners Limited Partnership now owns 6,683,552 shares of the online travel company’s stock worth $795,343,000 after buying an additional 860,708 shares in the last quarter. First Trust Advisors LP grew its holdings in Expedia Group by 5.7% during the second quarter. First Trust Advisors LP now owns 1,771,444 shares of the online travel company’s stock valued at $235,655,000 after purchasing an additional 96,115 shares during the period. Boston Partners grew its holdings in Expedia Group by 18.1% during the first quarter. Boston Partners now owns 1,560,807 shares of the online travel company’s stock valued at $185,736,000 after purchasing an additional 239,587 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Expedia Group by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 1,558,162 shares of the online travel company’s stock valued at $175,222,000 after buying an additional 104,159 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Expedia Group by 9.9% in the second quarter. CIBC Private Wealth Group LLC now owns 1,115,535 shares of the online travel company’s stock worth $148,399,000 after purchasing an additional 100,815 shares in the last quarter. 77.09% of the stock is owned by institutional investors.
Several equities analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of Expedia Group to $177.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Oppenheimer set a $160.00 price objective on shares of Expedia Group and gave the stock a “buy” rating in a research report on Friday, July 26th. BidaskClub downgraded shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Jefferies Financial Group lifted their price objective on shares of Expedia Group from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Susquehanna Bancshares restated a “neutral” rating and issued a $141.00 price objective (down from $170.00) on shares of Expedia Group in a research note on Monday, May 6th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Expedia Group presently has a consensus rating of “Buy” and a consensus price target of $152.43.
Expedia Group stock traded up $1.97 during trading hours on Monday, hitting $130.57. 477,605 shares of the stock traded hands, compared to its average volume of 2,270,927. Expedia Group Inc has a 1 year low of $108.11 and a 1 year 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. The stock has a market capitalization of $18.97 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 1.64 and a beta of 1.08. The firm’s 50 day moving average price is $133.05 and its 200-day moving average price is $125.89.
Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, July 25th. The online travel company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.40 by $0.07. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the firm earned $1.45 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts forecast that Expedia Group Inc will post 5.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be given a dividend of $0.34 per share. The ex-dividend date is Wednesday, August 21st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.04%. This is a boost from Expedia Group’s previous quarterly dividend of $0.32. Expedia Group’s payout ratio is 26.61%.
About Expedia Group
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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