Expedia Group, Inc. (NASDAQ:EXPE) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in Expedia Group, Inc. (NASDAQ:EXPE) by 1.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 186,764 shares of the online travel company’s stock after acquiring an additional 3,251 shares during the period. Envestnet Asset Management Inc. owned approximately 0.14% of Expedia Group worth $31,395,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new stake in shares of Expedia Group in the 4th quarter worth $27,000. Sava Infond d.o.o. acquired a new stake in shares of Expedia Group in the 4th quarter worth $28,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Expedia Group in the 4th quarter worth $34,000. Optiver Holding B.V. acquired a new stake in shares of Expedia Group in the 4th quarter worth $38,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Expedia Group in the 4th quarter worth $45,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Trading Down 0.0%

NASDAQ EXPE opened at $183.56 on Tuesday. The company’s fifty day simple moving average is $168.92 and its 200-day simple moving average is $172.51. Expedia Group, Inc. has a 52 week low of $110.20 and a 52 week high of $207.73. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. The stock has a market cap of $23.33 billion, a P/E ratio of 21.65, a PEG ratio of 0.88 and a beta of 1.57.

Expedia Group (NASDAQ:EXPE) last posted 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 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. Equities research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. Expedia Group’s dividend payout ratio (DPR) is 18.87%.

Wall Street Analysts Forecast Growth

EXPE has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Expedia Group from $205.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Susquehanna reduced their price objective on shares of Expedia Group from $205.00 to $175.00 and set a “neutral” rating for the company in a research note on Monday, May 12th. Barclays raised their target price on shares of Expedia Group from $187.00 to $190.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. Wall Street Zen upgraded shares of Expedia Group from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Oppenheimer dropped their target price on shares of Expedia Group from $230.00 to $210.00 and set an “outperform” rating for the company in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Expedia Group has an average rating of “Moderate Buy” and a consensus price target of $187.19.

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.