Jupiter Asset Management Ltd. Invests $35.88 Million in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Jupiter Asset Management Ltd. purchased 213,466 shares of Expedia Group, valued at approximately $35.88 million, increasing its stake to 0.17% in the company as of the last quarter.
• Several institutional investors, including Geode Capital Management and Alkeon Capital Management, have significantly increased their holdings in Expedia Group during the fourth quarter of last year.
• Expedia Group's latest earnings report showed a decline in EPS compared to expectations, alongside total revenue of $2.99 billion, highlighting ongoing financial pressures despite a year-over-year revenue increase of 3.4%.

Jupiter Asset Management Ltd. bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 213,466 shares of the online travel company's stock, valued at approximately $35,884,000. Jupiter Asset Management Ltd. owned 0.17% of Expedia Group at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in shares of Expedia Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock valued at $600,750,000 after buying an additional 30,163 shares in the last quarter. Alkeon Capital Management LLC grew its stake in shares of Expedia Group by 25.4% in the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after buying an additional 400,000 shares in the last quarter. Lyrical Asset Management LP grew its stake in shares of Expedia Group by 1.7% in the 4th quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company's stock valued at $328,591,000 after buying an additional 28,736 shares in the last quarter. FMR LLC grew its stake in shares of Expedia Group by 6.5% in the 4th quarter. FMR LLC now owns 1,303,532 shares of the online travel company's stock valued at $242,887,000 after buying an additional 79,372 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Expedia Group by 8.8% during the fourth quarter. Northern Trust Corp now owns 1,275,907 shares of the online travel company's stock worth $237,740,000 after purchasing an additional 102,949 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.

Wall Street Analyst Weigh In

EXPE has been the subject of a number of recent analyst reports. Wall Street Zen raised Expedia Group from a "hold" rating to a "buy" rating in a research report on Monday, July 28th. Wells Fargo & Company upped their target price on Expedia Group from $149.00 to $178.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Barclays increased their price objective on Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Wedbush reissued a "neutral" rating and issued a $165.00 price objective (down from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Finally, Bank of America increased their price objective on Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Expedia Group currently has an average rating of "Moderate Buy" and an average target price of $189.38.

Expedia Group Stock Performance

Shares of NASDAQ EXPE traded up $6.93 during mid-day trading on Monday, hitting $184.99. The company had a trading volume of 1,496,539 shares, compared to its average volume of 1,422,642. The company has a market capitalization of $23.52 billion, a price-to-earnings ratio of 21.81, a P/E/G ratio of 0.85 and a beta of 1.61. Expedia Group, Inc. has a 1 year low of $110.20 and a 1 year high of $207.73. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. The stock's 50-day moving average price is $174.41 and its 200-day moving average price is $172.47.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted 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 net margin of 8.48% and a return on equity of 52.60%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the business posted $0.21 EPS. Expedia Group's quarterly revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's payout ratio is 18.87%.

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.