Cornercap Investment Counsel Inc. Lowers Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Cornercap Investment Counsel Inc. lessened its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,508 shares of the online travel company’s stock after selling 104 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Expedia Group were worth $1,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of EXPE. Hunter Associates Investment Management LLC raised 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 worth $5,051,000 after buying an additional 2,776 shares during the last quarter. Praxis Investment Management Inc. raised 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 worth $775,000 after buying an additional 1,790 shares during the last quarter. Monument Capital Management purchased a new position in Expedia Group in the 1st quarter worth about $2,261,000. State of Alaska Department of Revenue raised 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 worth $2,429,000 after buying an additional 445 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised 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 worth $2,662,000 after buying an additional 2,534 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Bank of America boosted their price target on Expedia Group from $205.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Barclays boosted their price target on Expedia Group from $187.00 to $190.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th. Oppenheimer cut their price target on Expedia Group from $230.00 to $210.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. JPMorgan Chase & Co. cut their price target on Expedia Group from $205.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group cut their price target on Expedia Group from $194.00 to $170.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $187.19.

Expedia Group Trading Down 0.0%

EXPE stock opened at $183.56 on Tuesday. The company has a market capitalization of $23.33 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 0.88 and a beta of 1.57. Expedia Group, Inc. has a 1-year low of $110.20 and a 1-year high of $207.73. The business has a 50 day simple moving average of $168.92 and a two-hundred day simple moving average of $172.51. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73.

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

Expedia Group Dividend Announcement

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

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.