Choreo LLC Has $1.31 Million Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Choreo LLC has drastically reduced its stake in Expedia Group, Inc. by 76.9%, holding only 7,786 shares after selling 25,860 during the first quarter.
• Wall Street analysts have varied perspectives on Expedia's stock, with a consensus "Hold" rating and target prices ranging from $135.00 to $200.00.
• Expedia Group recently announced a quarterly dividend of $0.40 per share, which represents an annualized yield of 0.85%.

Choreo LLC cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 76.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,786 shares of the online travel company's stock after selling 25,860 shares during the quarter. Choreo LLC's holdings in Expedia Group were worth $1,309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at about $27,000. Sava Infond d.o.o. bought a new stake in shares of Expedia Group in the 4th quarter valued at about $28,000. Prudent Man Investment Management Inc. bought a new stake in shares of Expedia Group in the 4th quarter valued at about $34,000. Park Square Financial Group LLC bought a new stake in shares of Expedia Group in the 1st quarter valued at about $34,000. Finally, Optiver Holding B.V. bought a new stake in shares of Expedia Group in the 4th quarter valued at about $38,000. 90.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Expedia Group from $149.00 to $178.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Susquehanna lowered their price target on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. Bank of America increased their price target on shares of Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a report on Friday, May 9th. Oppenheimer lowered their price target on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Finally, UBS Group increased their price target on shares of Expedia Group from $166.00 to $182.00 and gave the company a "neutral" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Expedia Group presently has an average rating of "Moderate Buy" and a consensus target price of $189.38.

Expedia Group Price Performance

Shares of NASDAQ EXPE traded down $3.15 during trading hours on Tuesday, hitting $184.01. 280,559 shares of the stock were exchanged, compared to its average volume of 2,085,519. The company has a market cap of $23.39 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 0.90 and a beta of 1.57. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73. The company's fifty day simple moving average is $172.83 and its two-hundred day simple moving average is $172.60. Expedia Group, Inc. has a 1-year low of $110.20 and a 1-year high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. Expedia Group's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. On average, sell-side analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was 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.