Oxbow Advisors LLC Has $6.32 Million Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Oxbow Advisors LLC lifted its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,572 shares of the online travel company’s stock after acquiring an additional 631 shares during the quarter. Oxbow Advisors LLC’s holdings in Expedia Group were worth $6,316,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of EXPE. Kathmere Capital Management LLC grew its holdings in Expedia Group by 19.7% during the 1st quarter. Kathmere Capital Management LLC now owns 2,908 shares of the online travel company’s stock worth $489,000 after acquiring an additional 478 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of Expedia Group by 5.9% during the first quarter. Ballentine Partners LLC now owns 1,987 shares of the online travel company’s stock valued at $334,000 after purchasing an additional 111 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Expedia Group in the first quarter valued at approximately $34,000. SteelPeak Wealth LLC raised its position in Expedia Group by 3.3% in the 1st quarter. SteelPeak Wealth LLC now owns 7,005 shares of the online travel company’s stock worth $1,178,000 after purchasing an additional 227 shares during the last quarter. Finally, CFC Planning Co LLC lifted its holdings in Expedia Group by 12.3% during the 1st quarter. CFC Planning Co LLC now owns 3,246 shares of the online travel company’s stock worth $546,000 after buying an additional 355 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Performance

Shares of EXPE opened at $183.64 on Friday. The firm has a market cap of $23.34 billion, a P/E ratio of 21.66, a PEG ratio of 0.88 and a beta of 1.57. Expedia Group, Inc. has a twelve month low of $110.20 and a twelve month high of $207.73. 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 firm’s 50 day moving average price is $168.56 and its two-hundred day moving average price is $172.65.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. Expedia Group’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. On average, analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors 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 dividend on an annualized basis and a dividend yield of 0.87%. Expedia Group’s payout ratio is presently 18.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. The Goldman Sachs Group lowered their target price on Expedia Group from $219.00 to $183.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Piper Sandler lowered Expedia Group from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $174.00 to $135.00 in a research report on Friday, May 9th. Cantor Fitzgerald restated a “neutral” rating and set a $170.00 target price on shares of Expedia Group in a research report on Thursday, May 15th. UBS Group lowered their price target on shares of Expedia Group from $194.00 to $170.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Finally, Susquehanna cut their price objective on shares of Expedia Group from $205.00 to $175.00 and set a “neutral” rating on the stock in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $187.19.

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.