Cambridge Investment Research Advisors Inc. Sells 2,653 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Cambridge Investment Research Advisors Inc. lowered its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 17.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,750 shares of the online travel company’s stock after selling 2,653 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Expedia Group were worth $2,143,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXPE. Minot DeBlois Advisors LLC purchased a new stake in Expedia Group during the fourth quarter valued at about $27,000. Sava Infond d.o.o. purchased a new stake in Expedia Group during the 4th quarter valued at about $28,000. Prudent Man Investment Management Inc. bought a new position in Expedia Group during the 4th quarter worth approximately $34,000. Optiver Holding B.V. purchased a new position in Expedia Group in the 4th quarter worth approximately $38,000. Finally, Banque Transatlantique SA purchased a new position in Expedia Group in the 4th quarter worth approximately $45,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Trading Up 3.2%

NASDAQ:EXPE opened at $174.04 on Wednesday. The firm has a market capitalization of $22.12 billion, a P/E ratio of 20.52, a PEG ratio of 0.81 and a beta of 1.58. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73. The company’s 50-day simple moving average is $165.60 and its 200 day simple moving average is $172.99.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS 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 the consensus estimate of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. As a group, analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a $0.40 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Expedia Group’s dividend payout ratio is currently 18.87%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EXPE. JPMorgan Chase & Co. dropped their price objective on Expedia Group from $205.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Cantor Fitzgerald reissued a “neutral” rating and issued a $170.00 price target on shares of Expedia Group in a report on Thursday, May 15th. Barclays boosted their price objective on shares of Expedia Group from $187.00 to $190.00 and gave the company an “equal weight” rating in a research report on Friday, May 9th. UBS Group dropped their target price on shares of Expedia Group from $194.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Finally, Wedbush restated a “neutral” rating and set a $165.00 price target (down previously from $180.00) on shares of Expedia Group in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $186.08.

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.