Expedia Group, Inc. (NASDAQ:EXPE) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 8.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,788 shares of the online travel company’s stock after buying an additional 9,153 shares during the period. Mackenzie Financial Corp owned approximately 0.09% of Expedia Group worth $19,464,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Los Angeles Capital Management LLC raised its stake in Expedia Group by 3,369.4% during the 1st quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company’s stock valued at $172,995,000 after purchasing an additional 999,454 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Expedia Group in the first quarter worth $82,975,000. Bamco Inc. NY acquired a new position in shares of Expedia Group in the fourth quarter worth $80,206,000. Alkeon Capital Management LLC increased its stake in shares of Expedia Group by 25.4% in the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company’s stock worth $368,276,000 after acquiring an additional 400,000 shares during the last quarter. Finally, Bridgewater Associates LP increased its stake in shares of Expedia Group by 73.4% in the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company’s stock worth $159,175,000 after acquiring an additional 361,543 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EXPE shares. Morgan Stanley upped their price objective on shares of Expedia Group from $150.00 to $165.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Wall Street Zen upgraded shares of Expedia Group from a “hold” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of Expedia Group from $205.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Bank of America upped their price target on shares of Expedia Group from $205.00 to $211.00 and gave the company a “buy” rating in a report on Friday, May 9th. Finally, Oppenheimer lowered their price target on Expedia Group from $230.00 to $210.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Expedia Group presently has a consensus rating of “Moderate Buy” and an average target price of $189.38.

Expedia Group Price Performance

EXPE opened at $179.79 on Thursday. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. The company’s 50 day simple moving average is $173.64 and its 200-day simple moving average is $172.72. The stock has a market capitalization of $22.85 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 0.87 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 analysts’ consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the business posted $0.21 earnings per share. Expedia Group’s revenue was up 3.4% compared to the same quarter last year. Sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.89%. Expedia Group’s payout ratio is presently 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.