CenterBook Partners LP bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 46,647 shares of the online travel company's stock, valued at approximately $7,841,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of EXPE. Minot DeBlois Advisors LLC purchased a new stake in shares of Expedia Group in the 4th quarter valued at $27,000. Sava Infond d.o.o. bought a new stake in shares of Expedia Group in the fourth quarter worth approximately $28,000. McClarren Financial Advisors Inc. purchased a new position in shares of Expedia Group during the first quarter valued at approximately $28,000. Prudent Man Investment Management Inc. purchased a new position in shares of Expedia Group in the fourth quarter worth approximately $34,000. Finally, Park Square Financial Group LLC purchased a new position in Expedia Group during the first quarter valued at approximately $34,000. Institutional investors own 90.76% of the company's stock.
Analyst Ratings Changes
EXPE has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Cantor Fitzgerald reissued a "neutral" rating and issued a $170.00 target price on shares of Expedia Group in a research note on Thursday, May 15th. The Goldman Sachs Group reduced their target price on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Susquehanna reduced their price target on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research note on Monday, May 12th. Finally, UBS Group cut 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. One 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. According to MarketBeat, Expedia Group currently has an average rating of "Moderate Buy" and a consensus target price of $187.19.
Check Out Our Latest Stock Analysis on EXPE
Expedia Group Stock Performance
Shares of EXPE opened at $180.57 on Tuesday. 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 cap of $22.95 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 0.88 and a beta of 1.57. The company's 50 day simple moving average is $168.92 and its 200-day simple moving average is $172.51. Expedia Group, Inc. has a 12-month low of $110.20 and a 12-month high of $207.73.
Expedia Group (NASDAQ:EXPE - Get Free Report) last posted 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). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The firm had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter last year, the business earned $0.21 earnings per share. The business's quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.
Expedia Group Dividend Announcement
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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is currently 18.87%.
Expedia Group Profile
(
Free Report)
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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