Banque Cantonale Vaudoise Acquires New Shares in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Banque Cantonale Vaudoise has acquired a new stake in Expedia Group, purchasing 2,482 shares valued at approximately $417,000 during Q1, as reported in a recent SEC filing.
• More broadly, institutional investors hold 90.76% of Expedia's stock, with notable acquisitions including Los Angeles Capital Management LLC increasing its stake by 3,369.4% and owning over $172 million in shares.
• Expedia Group recently reported quarterly earnings, missing estimates with an EPS of $0.40 while revealing a revenue of $2.99 billion, lower than the expected $3.02 billion.

Banque Cantonale Vaudoise acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,482 shares of the online travel company's stock, valued at approximately $417,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in EXPE. Los Angeles Capital Management LLC grew its stake in Expedia Group by 3,369.4% in the first quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company's stock valued at $172,995,000 after purchasing an additional 999,454 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Expedia Group in the first quarter valued at about $82,975,000. Bamco Inc. NY purchased a new position in Expedia Group in the fourth quarter valued at about $80,206,000. Alkeon Capital Management LLC grew its stake in 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 valued at $368,276,000 after purchasing an additional 400,000 shares during the last quarter. Finally, Bridgewater Associates LP grew its stake in Expedia Group by 73.4% in the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock valued at $159,175,000 after purchasing an additional 361,543 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Trading Down 1.2%

Shares of NASDAQ:EXPE opened at $178.06 on Friday. Expedia Group, Inc. has a 12-month low of $110.20 and a 12-month high of $207.73. The company has a market capitalization of $22.64 billion, a PE ratio of 21.00, a PEG ratio of 0.86 and a beta of 1.57. The business has a 50 day moving average of $174.41 and a two-hundred day moving average of $172.68. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92.

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

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's dividend payout ratio is presently 18.87%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXPE. Oppenheimer cut their target price on Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Wells Fargo & Company lifted their target price on Expedia Group from $149.00 to $178.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Bank of America boosted their price target on Expedia Group from $205.00 to $211.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Benchmark restated a "buy" rating on shares of Expedia Group in a research note on Wednesday, July 23rd. Finally, Piper Sandler lowered Expedia Group from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $174.00 to $135.00 in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $189.38.

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.

Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia Group, Inc. (NASDAQ:EXPE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.