Expedia Group, Inc. (NASDAQ:EXPE) Shares Bought by BayBridge Capital Group LLC

BayBridge Capital Group LLC boosted its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 253.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 8,914 shares of the online travel company's stock after buying an additional 6,394 shares during the period. Expedia Group accounts for approximately 1.1% of BayBridge Capital Group LLC's holdings, making the stock its 29th biggest position. BayBridge Capital Group LLC's holdings in Expedia Group were worth $1,498,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ritholtz Wealth Management increased its holdings in Expedia Group by 13.2% in the 1st quarter. Ritholtz Wealth Management now owns 9,876 shares of the online travel company's stock valued at $1,660,000 after acquiring an additional 1,155 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Expedia Group by 18.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,604 shares of the online travel company's stock worth $5,313,000 after purchasing an additional 4,987 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its position in shares of Expedia Group by 195.2% in the first 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. Fifth Third Bancorp lifted its position in shares of Expedia Group by 2.4% in the first quarter. Fifth Third Bancorp now owns 6,009 shares of the online travel company's stock worth $1,010,000 after buying an additional 143 shares in the last quarter. Finally, Simon Quick Advisors LLC bought a new stake in Expedia Group in the 1st quarter worth approximately $344,000. 90.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EXPE. Piper Sandler downgraded Expedia Group from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $174.00 to $135.00 in a research report on Friday, May 9th. Wells Fargo & Company lifted their price target on shares of Expedia Group from $143.00 to $149.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. The Goldman Sachs Group cut their price objective on Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. UBS Group reduced their target price on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, Truist Financial lifted their price objective on Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $186.35.

Expedia Group Stock Performance

NASDAQ:EXPE traded up $0.47 during trading hours on Wednesday, hitting $162.46. 1,231,595 shares of the company were exchanged, compared to its average volume of 1,911,717. The company's 50 day moving average price is $162.52 and its 200-day moving average price is $174.41. The stock has a market capitalization of $20.65 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 0.79 and a beta of 1.59. Expedia Group, Inc. has a 52-week low of $110.20 and a 52-week high of $207.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. Expedia Group's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. As a group, research analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group's payout ratio is 18.87%.

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.