Zions Bancorporation National Association UT Purchases New Position in Expedia Group, Inc. (NASDAQ:EXPE)

Zions Bancorporation National Association UT purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 217 shares of the online travel company’s stock, valued at approximately $36,000.

Several other large investors have also recently added to or reduced their stakes in EXPE. Minot DeBlois Advisors LLC acquired a new stake in Expedia Group in the 4th quarter valued at $27,000. McClarren Financial Advisors Inc. purchased a new position in Expedia Group in the 1st quarter valued at about $28,000. Park Square Financial Group LLC purchased a new position in Expedia Group in the 1st quarter valued at about $34,000. Optiver Holding B.V. purchased a new position in Expedia Group in the 4th quarter valued at about $38,000. Finally, Banque Transatlantique SA purchased a new position in Expedia Group in the 4th quarter valued at about $45,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. DA Davidson upped their price objective on shares of Expedia Group from $174.00 to $218.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Morgan Stanley upped their price objective on shares of Expedia Group from $150.00 to $165.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Truist Financial decreased their price objective on shares of Expedia Group from $175.00 to $168.00 and set a “hold” rating for the company in a research report on Tuesday, June 24th. Wall Street Zen raised shares of Expedia Group from a “hold” rating to a “buy” rating in a research report on Monday, July 28th. Finally, Piper Sandler upped their price objective on shares of Expedia Group from $135.00 to $190.00 and gave the company an “underweight” rating in a research report on Friday, August 8th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $206.04.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $203.19 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The firm’s 50-day moving average price is $177.85 and its two-hundred day moving average price is $173.03. Expedia Group, Inc. has a 52-week low of $126.46 and a 52-week high of $213.00. The stock has a market capitalization of $25.83 billion, a P/E ratio of 24.90, a P/E/G ratio of 0.89 and a beta of 1.61.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.13 by $0.11. The firm had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. Expedia Group’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $3.51 earnings per share. As a group, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 28th. Expedia Group’s payout ratio 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.