Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 66.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,500 shares of the online travel company’s stock after selling 3,031 shares during the period. Farther Finance Advisors LLC’s holdings in Expedia Group were worth $252,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Millington Financial Advisors LLC increased its position in shares of Expedia Group by 3.7% in the first quarter. Millington Financial Advisors LLC now owns 13,570 shares of the online travel company’s stock worth $2,281,000 after acquiring an additional 489 shares in the last quarter. Central Bank & Trust Co. boosted its holdings in shares of Expedia Group by 57.7% during the first quarter. Central Bank & Trust Co. now owns 7,324 shares of the online travel company’s stock worth $1,231,000 after purchasing an additional 2,681 shares during the period. UMB Bank n.a. lifted its stake in Expedia Group by 14.1% in the first quarter. UMB Bank n.a. now owns 558 shares of the online travel company’s stock valued at $94,000 after acquiring an additional 69 shares during the last quarter. Procyon Advisors LLC bought a new stake in Expedia Group in the first quarter worth approximately $1,005,000. Finally, Curat Global LLC acquired a new position in shares of Expedia Group during the 1st quarter worth $67,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Trading Up 0.3%

Shares of Expedia Group stock opened at $162.46 on Thursday. The stock has a market capitalization of $20.65 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 0.77 and a beta of 1.59. 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 company has a 50-day simple moving average of $162.54 and a 200 day simple moving average of $174.32. Expedia Group, Inc. has a 12-month low of $110.20 and a 12-month high of $207.73.

Expedia Group (NASDAQ:EXPE) last announced its earnings results 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 analyst estimates of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 EPS. Research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group’s dividend payout ratio (DPR) is currently 18.87%.

Wall Street Analyst Weigh In

EXPE has been the topic of several analyst reports. UBS Group dropped their price target on shares of Expedia Group from $194.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. The Goldman Sachs Group dropped their price target on shares of Expedia Group from $219.00 to $183.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Piper Sandler lowered shares of Expedia Group from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $174.00 to $135.00 in a research note on Friday, May 9th. Bank of America increased their price target on shares of Expedia Group from $205.00 to $211.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Finally, Wall Street Zen cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $186.35.

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.