Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in Expedia Group Inc (NASDAQ:EXPE) by 8.5% during the first quarter, HoldingsChannel reports. The firm owned 1,564 shares of the online travel company’s stock after acquiring an additional 122 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Expedia Group were worth $186,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXPE. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Expedia Group by 48.1% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 61,728 shares of the online travel company’s stock valued at $7,346,000 after buying an additional 20,044 shares during the period. New York State Common Retirement Fund raised its position in shares of Expedia Group by 13.3% during the 1st quarter. New York State Common Retirement Fund now owns 263,973 shares of the online travel company’s stock valued at $31,413,000 after buying an additional 30,898 shares during the period. TD Asset Management Inc. raised its position in shares of Expedia Group by 1.1% during the 1st quarter. TD Asset Management Inc. now owns 39,260 shares of the online travel company’s stock valued at $4,672,000 after buying an additional 408 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Expedia Group by 6.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 528,609 shares of the online travel company’s stock valued at $62,904,000 after buying an additional 34,218 shares during the period. Finally, DDD Partners LLC raised its position in shares of Expedia Group by 1.5% during the 1st quarter. DDD Partners LLC now owns 75,706 shares of the online travel company’s stock valued at $9,009,000 after buying an additional 1,117 shares during the period. 94.54% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Citigroup lowered shares of Expedia Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $145.00 to $130.00 in a research report on Thursday. Piper Jaffray Companies dropped their target price on shares of Expedia Group from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. Barclays reiterated a “buy” rating and issued a $145.00 target price on shares of Expedia Group in a report on Monday, May 6th. Finally, BidaskClub downgraded shares of Expedia Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have assigned a buy rating to the company. Expedia Group has an average rating of “Buy” and an average target price of $145.55.
NASDAQ:EXPE opened at $115.92 on Friday. The firm has a market capitalization of $17.06 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 1.66 and a beta of 0.96. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.72. Expedia Group Inc has a 52 week low of $108.11 and a 52 week high of $139.77.
Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.27) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.61) by $0.34. The business had revenue of $2.61 billion during 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%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.36) earnings per share. On average, sell-side analysts anticipate that Expedia Group Inc will post 5.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 23rd will be paid a $0.32 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 1.10%. Expedia Group’s dividend payout ratio (DPR) is 26.61%.
In other Expedia Group news, insider Mark D. Okerstrom sold 5,531 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $126.66, for a total value of $700,556.46. Following the completion of the transaction, the insider now owns 70,532 shares in the company, valued at $8,933,583.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 20.96% of the company’s stock.
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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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