Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Expedia Group Inc (NASDAQ:EXPE) by 8.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,881 shares of the online travel company’s stock after purchasing an additional 683 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Expedia Group were worth $1,056,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. North Star Investment Management Corp. purchased a new position in shares of Expedia Group in the 1st quarter valued at $25,000. Liberty Wealth Management LLC purchased a new stake in Expedia Group during the 4th quarter worth $32,000. Legacy Bridge LLC purchased a new stake in Expedia Group during the 4th quarter worth $35,000. JOYN Advisors Inc. increased its stake in Expedia Group by 53.0% during the 4th quarter. JOYN Advisors Inc. now owns 332 shares of the online travel company’s stock worth $37,000 after buying an additional 115 shares during the period. Finally, Rational Advisors LLC purchased a new stake in Expedia Group during the 4th quarter worth $38,000. 80.53% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on EXPE shares. Benchmark reaffirmed a “hold” rating on shares of Expedia Group in a research note on Friday, February 8th. Needham & Company LLC began coverage on shares of Expedia Group in a report on Monday. They set a “hold” rating for the company. BidaskClub raised shares of Expedia Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Credit Suisse Group raised their price objective on shares of Expedia Group from $145.00 to $150.00 in a report on Friday, February 8th. Finally, Argus lowered shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the company’s stock. Expedia Group has an average rating of “Buy” and an average price target of $146.90.
NASDAQ:EXPE traded down $0.28 during mid-day trading on Wednesday, hitting $117.20. The stock had a trading volume of 18,190 shares, compared to its average volume of 1,631,929. The company has a market cap of $17.30 billion, a PE ratio of 24.38, a P/E/G ratio of 1.64 and a beta of 0.96. Expedia Group Inc has a 52 week low of $108.11 and a 52 week high of $139.77. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.74.
Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, May 2nd. The online travel company reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.61) by $0.34. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.69 billion. Expedia Group had a net margin of 3.89% and a return on equity of 13.41%. Expedia Group’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.36) EPS. As a group, equities analysts anticipate that Expedia Group Inc will post 5.75 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 23rd will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.28 annualized dividend and a yield of 1.09%. Expedia Group’s dividend payout ratio is presently 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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