Banque Pictet & Cie SA Increases Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Banque Pictet & Cie SA lifted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 4.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,241 shares of the online travel company's stock after purchasing an additional 3,321 shares during the quarter. Banque Pictet & Cie SA owned 0.06% of Expedia Group worth $12,144,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of equities analysts recently commented on EXPE shares. Piper Sandler lowered Expedia Group from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $174.00 to $135.00 in a research note on Friday, May 9th. Morgan Stanley cut 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 report on Thursday, April 17th. Bank of America upped their price target on shares of Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Benchmark cut their price target on shares of Expedia Group from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $170.00 price objective on shares of Expedia Group in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $187.19.

Expedia Group Stock Performance

Shares of EXPE stock traded up $6.88 on Thursday, hitting $182.97. 2,147,757 shares of the stock were exchanged, compared to its average volume of 1,901,984. 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 firm has a market capitalization of $23.26 billion, a PE ratio of 21.58, a P/E/G ratio of 0.84 and a beta of 1.57. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73. The firm's 50 day moving average is $168.12 and its two-hundred day moving average is $172.81.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its 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 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 previous year, the firm earned $0.21 EPS. The company's revenue was up 3.4% compared to the same quarter last year. Sell-side analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were issued 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 yield of 0.87%. Expedia Group's payout ratio is 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.