Morningstar Investment Services LLC Cuts Stake in Expedia Group Inc (NASDAQ:EXPE)
Morningstar Investment Services LLC lowered its stake in shares of Expedia Group Inc (NASDAQ:EXPE) by 8.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,381 shares of the online travel company’s stock after selling 496 shares during the period. Morningstar Investment Services LLC’s holdings in Expedia Group were worth $716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in EXPE. FNY Investment Advisers LLC purchased a new position in shares of Expedia Group in the 2nd quarter worth approximately $28,000. Steward Partners Investment Advisory LLC bought a new stake in Expedia Group in the second quarter valued at about $41,000. Glassman Wealth Services lifted its holdings in Expedia Group by 404.3% during the 2nd quarter. Glassman Wealth Services now owns 353 shares of the online travel company’s stock worth $47,000 after buying an additional 283 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Expedia Group by 95.2% in the 1st quarter. Parallel Advisors LLC now owns 406 shares of the online travel company’s stock worth $48,000 after acquiring an additional 198 shares in the last quarter. Finally, FinTrust Capital Advisors LLC grew its position in shares of Expedia Group by 1,381.8% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 489 shares of the online travel company’s stock worth $65,000 after acquiring an additional 456 shares in the last quarter. Hedge funds and other institutional investors own 80.05% of the company’s stock.
EXPE has been the topic of several research reports. ValuEngine lowered Expedia Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. DA Davidson set a $162.00 target price on shares of Expedia Group and gave the company a “buy” rating in a research note on Friday, July 26th. BidaskClub lowered shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Argus raised Expedia Group from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Wednesday, July 31st. Finally, Jefferies Financial Group upped their price target on Expedia Group from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, July 26th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $152.43.
Shares of EXPE traded down $0.18 during mid-day trading on Wednesday, reaching $129.99. 59,547 shares of the company were exchanged, compared to its average volume of 1,260,402. Expedia Group Inc has a 52 week low of $108.11 and a 52 week high of $144.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $19.63 billion, a PE ratio of 26.92, a PEG ratio of 1.69 and a beta of 1.07. The business has a 50 day simple moving average of $130.75 and a two-hundred day simple moving average of $126.31.
Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, July 25th. The online travel company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.07. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 earnings per share. On average, analysts predict that Expedia Group Inc will post 5.8 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be given a $0.34 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from Expedia Group’s previous quarterly dividend of $0.32. Expedia Group’s payout ratio is 28.27%.
Expedia Group Company Profile
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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