Expedia Group, Inc. (NASDAQ:EXPE) Position Boosted by Meeder Asset Management Inc.

Meeder Asset Management Inc. increased its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 1,505.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,477 shares of the online travel company’s stock after buying an additional 1,385 shares during the quarter. Meeder Asset Management Inc.’s holdings in Expedia Group were worth $248,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Altman Advisors Inc. boosted its stake in Expedia Group by 0.5% during the 1st quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company’s stock valued at $2,093,000 after purchasing an additional 65 shares in the last quarter. UMB Bank n.a. boosted its stake in Expedia Group by 14.1% during the 1st quarter. UMB Bank n.a. now owns 558 shares of the online travel company’s stock valued at $94,000 after purchasing an additional 69 shares in the last quarter. Diametric Capital LP boosted its stake in Expedia Group by 1.6% during the 4th quarter. Diametric Capital LP now owns 4,737 shares of the online travel company’s stock valued at $883,000 after purchasing an additional 74 shares in the last quarter. Foyston Gordon & Payne Inc boosted its stake in Expedia Group by 0.3% during the 4th quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company’s stock valued at $4,124,000 after purchasing an additional 74 shares in the last quarter. Finally, Ascent Group LLC boosted its stake in Expedia Group by 3.2% during the 4th quarter. Ascent Group LLC now owns 2,430 shares of the online travel company’s stock valued at $453,000 after purchasing an additional 76 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $182.81 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. Expedia Group, Inc. has a 1 year low of $110.20 and a 1 year high of $207.73. The business has a fifty day simple moving average of $173.23 and a 200 day simple moving average of $172.67. The firm has a market cap of $23.24 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 0.89 and a beta of 1.57.

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). Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the prior year, the business posted $0.21 earnings per share. Expedia Group’s revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.88%. Expedia Group’s dividend payout ratio (DPR) is currently 18.87%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EXPE. Wall Street Zen upgraded Expedia Group from a “hold” rating to a “buy” rating in a research report on Monday. Wells Fargo & Company lifted their target price on Expedia Group from $149.00 to $178.00 and gave the stock an “equal weight” rating in a report on Monday, July 7th. Morgan Stanley lifted their target price on Expedia Group from $150.00 to $165.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Wedbush restated a “neutral” rating and issued a $165.00 target price (down from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Expedia Group in a report on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $189.38.

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.