Bank Pictet & Cie Europe AG Makes New Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Bank Pictet & Cie Europe AG acquired a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,160 shares of the online travel company's stock, valued at approximately $699,000.

A number of other hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Expedia Group by 10.9% in the 1st quarter. Brighton Jones LLC now owns 2,431 shares of the online travel company's stock worth $409,000 after acquiring an additional 239 shares during the period. BayBridge Capital Group LLC raised its holdings in shares of Expedia Group by 253.7% in the 1st quarter. BayBridge Capital Group LLC now owns 8,914 shares of the online travel company's stock worth $1,498,000 after buying an additional 6,394 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of Expedia Group by 13.2% in the 1st quarter. Ritholtz Wealth Management now owns 9,876 shares of the online travel company's stock worth $1,660,000 after buying an additional 1,155 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Expedia Group by 18.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 31,604 shares of the online travel company's stock worth $5,313,000 after buying an additional 4,987 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV raised its holdings in shares of Expedia Group by 195.2% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 9,341 shares of the online travel company's stock worth $1,570,000 after buying an additional 6,177 shares in the last quarter. Institutional investors own 90.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EXPE. Morgan Stanley dropped their target price on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company increased their target price on Expedia Group from $143.00 to $149.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Benchmark dropped their target price on Expedia Group from $225.00 to $215.00 and set a "buy" rating for the company in a report on Friday, May 9th. JPMorgan Chase & Co. dropped their target price on Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group dropped their target price on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $186.35.

Expedia Group Trading Down 0.6%

EXPE stock opened at $164.61 on Tuesday. The company has a market cap of $20.93 billion, a P/E ratio of 18.19, a PEG ratio of 0.92 and a beta of 1.59. Expedia Group, Inc. has a twelve month low of $110.20 and a twelve month high of $207.73. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The business has a fifty day moving average of $162.52 and a 200-day moving average of $174.49.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released 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 firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The company's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. As a group, equities research analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be issued a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. Expedia Group's dividend payout ratio is presently 18.87%.

Expedia Group Company 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.

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