Expedia Group, Inc. (NASDAQ:EXPE) Stake Lessened by Trust Asset Management LLC

Trust Asset Management LLC trimmed its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 17.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,441 shares of the online travel company’s stock after selling 311 shares during the quarter. Trust Asset Management LLC’s holdings in Expedia Group were worth $242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Public Sector Pension Investment Board raised its holdings in shares of Expedia Group by 11.6% during the first quarter. Public Sector Pension Investment Board now owns 16,855 shares of the online travel company’s stock worth $2,833,000 after acquiring an additional 1,747 shares in the last quarter. Independent Advisor Alliance raised its holdings in shares of Expedia Group by 18.4% during the first quarter. Independent Advisor Alliance now owns 2,806 shares of the online travel company’s stock worth $472,000 after acquiring an additional 436 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Expedia Group during the first quarter worth $227,174,000. Entropy Technologies LP purchased a new stake in shares of Expedia Group during the first quarter worth $1,543,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Expedia Group during the first quarter worth $28,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on EXPE. Bank of America increased their price objective on Expedia Group from $211.00 to $240.00 and gave the stock a “buy” rating in a report on Friday. B. Riley increased their price objective on Expedia Group from $222.00 to $260.00 and gave the stock a “buy” rating in a report on Friday. Sanford C. Bernstein set a $210.00 price objective on Expedia Group in a report on Monday. Wedbush increased their target price on shares of Expedia Group from $175.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Morgan Stanley increased their target price on shares of Expedia Group from $150.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Expedia Group currently has an average rating of “Moderate Buy” and a consensus price target of $206.04.

Expedia Group Stock Down 1.3%

EXPE stock opened at $192.63 on Tuesday. Expedia Group, Inc. has a twelve month low of $126.33 and a twelve month high of $213.00. The company has a market cap of $24.49 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 0.93 and a beta of 1.61. The business’s 50-day simple moving average is $177.16 and its 200 day simple moving average is $172.82. The company has a quick ratio of 0.73, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%. The business had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same period last year, the business earned $3.51 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, research analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, August 28th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Expedia Group’s dividend payout ratio (DPR) is 19.61%.

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.