Bryn Mawr Capital Management LLC Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Bryn Mawr Capital Management LLC bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,564 shares of the online travel company's stock, valued at approximately $263,000.

Several other large investors have also recently bought and sold shares of EXPE. Norges Bank purchased a new position in shares of Expedia Group during the fourth quarter worth about $670,565,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Expedia Group during the first quarter worth about $82,975,000. Bamco Inc. NY purchased a new position in shares of Expedia Group during the fourth quarter worth about $80,206,000. Alkeon Capital Management LLC grew its holdings in shares of Expedia Group by 25.4% during 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 buying an additional 400,000 shares during the last quarter. Finally, Bridgewater Associates LP grew its holdings in shares of Expedia Group by 73.4% during the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock worth $159,175,000 after buying an additional 361,543 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

Analyst Upgrades and Downgrades

EXPE has been the topic of a number of research reports. Wedbush reissued a "neutral" rating and set a $165.00 price target (down previously from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Benchmark lowered their price target on Expedia Group from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Friday, May 9th. JPMorgan Chase & Co. lowered their price target on Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Truist Financial lowered their price target on Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a report on Tuesday, June 24th. Finally, The Goldman Sachs Group reduced their price objective on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Expedia Group presently has an average rating of "Moderate Buy" and an average price target of $187.19.

Expedia Group Price Performance

Shares of EXPE traded up $2.85 during mid-day trading on Friday, reaching $184.93. 1,155,116 shares of the company's stock were exchanged, compared to its average volume of 1,884,906. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The company has a 50-day simple moving average of $169.70 and a two-hundred day simple moving average of $172.56. Expedia Group, Inc. has a 52-week low of $110.20 and a 52-week high of $207.73. The company has a market cap of $23.51 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 0.85 and a beta of 1.57.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its earnings results 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 during the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The firm's revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. On average, sell-side analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.87%. Expedia Group's payout ratio is currently 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.