1,217 Shares in Expedia Group, Inc. (NASDAQ:EXPE) Acquired by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE) in the first quarter, Holdings Channel reports. The fund purchased 1,217 shares of the online travel company’s stock, valued at approximately $205,000.

Other institutional investors also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new position in Expedia Group in the fourth quarter worth approximately $27,000. Prudent Man Investment Management Inc. purchased a new position in Expedia Group in the fourth quarter worth approximately $34,000. Park Square Financial Group LLC purchased a new position in Expedia Group in the first quarter worth approximately $34,000. Optiver Holding B.V. purchased a new position in Expedia Group in the fourth quarter worth approximately $38,000. Finally, Banque Transatlantique SA acquired a new stake in Expedia Group during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on EXPE. The Goldman Sachs Group lowered their target price on shares of Expedia Group from $219.00 to $183.00 and set a “buy” rating for the company in a report on Friday, May 9th. Wedbush reaffirmed a “neutral” rating and set a $165.00 price objective (down previously from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Bank of America raised 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. Truist Financial dropped their price objective on Expedia Group from $175.00 to $168.00 and set a “hold” rating on the stock in a report on Tuesday, June 24th. Finally, Barclays raised their price objective on Expedia Group from $187.00 to $190.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.38.

Expedia Group Stock Performance

Shares of EXPE opened at $187.16 on Tuesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $23.79 billion, a P/E ratio of 22.07, a P/E/G ratio of 0.90 and a beta of 1.57. The company’s fifty day moving average is $172.83 and its two-hundred day moving average is $172.60. Expedia Group, Inc. has a 1 year low of $110.20 and a 1 year high of $207.73.

Expedia Group (NASDAQ:EXPE) last announced 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 during the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 earnings per share. On average, sell-side analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given 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 0.85%. Expedia Group’s payout ratio is currently 18.87%.

About Expedia Group

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.