AustralianSuper Pty Ltd Cuts Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

AustralianSuper Pty Ltd trimmed its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 63.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 296,938 shares of the online travel company's stock after selling 511,662 shares during the quarter. AustralianSuper Pty Ltd owned 0.23% of Expedia Group worth $49,915,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of EXPE. Norges Bank acquired a new position in Expedia Group during the fourth quarter valued at approximately $670,565,000. Geode Capital Management LLC grew its holdings in Expedia Group by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock valued at $600,750,000 after purchasing an additional 30,163 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Expedia Group by 6.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock valued at $439,808,000 after purchasing an additional 150,480 shares during the last quarter. Alkeon Capital Management LLC grew 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, Lyrical Asset Management LP grew its stake in shares of Expedia Group by 1.7% in the fourth quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company's stock worth $328,591,000 after acquiring an additional 28,736 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Trading Up 1.6%

Shares of EXPE stock traded up $2.85 during mid-day trading on Friday, reaching $184.93. 1,155,116 shares of the stock traded hands, compared to its average volume of 1,888,902. The stock's fifty day simple moving average is $170.27 and its two-hundred day simple moving average is $172.46. Expedia Group, Inc. has a 1-year low of $110.20 and a 1-year high of $207.73. The company has a market cap of $23.51 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 0.88 and a beta of 1.57. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The company's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. On average, research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given 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 dividend payout ratio is presently 18.87%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EXPE shares. JPMorgan Chase & Co. decreased their price target on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley decreased their price target on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Susquehanna reduced their target price on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research note on Monday, May 12th. Bank of America boosted their target price on shares of Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Wedbush restated a "neutral" rating and issued a $165.00 target price (down previously from $180.00) on shares of Expedia Group in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.