Harel Insurance Investments & Financial Services Ltd. Invests $4.46 Million in Expedia Group, Inc. (NASDAQ:EXPE)

Harel Insurance Investments & Financial Services Ltd. bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,520 shares of the online travel company’s stock, valued at approximately $4,458,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Praxis Investment Management Inc. raised its stake in shares of Expedia Group by 63.5% during the first quarter. Praxis Investment Management Inc. now owns 4,610 shares of the online travel company’s stock worth $775,000 after acquiring an additional 1,790 shares in the last quarter. Clare Market Investments LLC bought a new stake in Expedia Group during the 4th quarter valued at $319,000. State of Alaska Department of Revenue grew its holdings 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 worth $2,429,000 after acquiring an additional 445 shares during the last quarter. Monument Capital Management bought a new stake in Expedia Group in the 1st quarter worth $2,261,000. Finally, Jones Financial Companies Lllp increased its position in shares of Expedia Group by 53.4% in the fourth quarter. Jones Financial Companies Lllp now owns 4,870 shares of the online travel company’s stock valued at $907,000 after acquiring an additional 1,696 shares during the period. Institutional investors own 90.76% of the company’s stock.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $176.65 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $22.46 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The firm’s 50 day moving average price is $166.23 and its 200-day moving average price is $172.94. Expedia Group, Inc. has a twelve month low of $110.20 and a twelve month high of $207.73.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the business posted $0.21 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. Equities research analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group’s dividend payout ratio is presently 18.87%.

Analysts Set New Price Targets

EXPE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on Expedia Group from $205.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Wedbush reiterated a “neutral” rating and set a $165.00 target price (down previously from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Bank of America increased their price objective on Expedia Group from $205.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Cantor Fitzgerald restated a “neutral” rating and set a $170.00 target price on shares of Expedia Group in a report on Thursday, May 15th. Finally, Benchmark cut their price objective on shares of Expedia Group from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $186.08.

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.