Mutual of America Capital Management LLC Trims Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Mutual of America Capital Management LLC decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 2.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 14,350 shares of the online travel company’s stock after selling 372 shares during the period. Mutual of America Capital Management LLC’s holdings in Expedia Group were worth $2,412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hunter Associates Investment Management LLC lifted its position in Expedia Group by 10.2% in the 1st quarter. Hunter Associates Investment Management LLC now owns 29,950 shares of the online travel company’s stock valued at $5,051,000 after acquiring an additional 2,776 shares in the last quarter. Praxis Investment Management Inc. lifted its position in Expedia Group by 63.5% in the 1st quarter. Praxis Investment Management Inc. now owns 4,610 shares of the online travel company’s stock valued at $775,000 after acquiring an additional 1,790 shares in the last quarter. Monument Capital Management bought a new position in Expedia Group in the 1st quarter valued at approximately $2,261,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Expedia Group by 19.0% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,838 shares of the online travel company’s stock valued at $2,662,000 after acquiring an additional 2,534 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Expedia Group by 3.2% in the 1st quarter. State of Alaska Department of Revenue now owns 14,451 shares of the online travel company’s stock valued at $2,429,000 after acquiring an additional 445 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

Expedia Group stock opened at $184.93 on Friday. The firm has a 50 day simple moving average of $170.27 and a 200-day simple moving average of $172.46. Expedia Group, Inc. has a 1-year low of $110.20 and a 1-year high of $207.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $23.51 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 0.88 and a beta of 1.57.

Expedia Group (NASDAQ:EXPE) last released 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 business 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%. Expedia Group’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. On average, analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EXPE shares. Wedbush restated a “neutral” rating and issued a $165.00 price objective (down from $180.00) on shares of Expedia Group in a research note on Friday, May 9th. Benchmark cut their price target on Expedia Group from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Wells Fargo & Company increased their price target on Expedia Group from $149.00 to $178.00 and gave the stock an “equal weight” rating in a research note on Monday, July 7th. Truist Financial cut their price target on Expedia Group from $175.00 to $168.00 and set a “hold” rating for the company in a research note on Tuesday, June 24th. Finally, Morgan Stanley cut their price target on Expedia Group from $190.00 to $150.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $187.19.

Expedia Group Company 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.