Convergence Investment Partners LLC Sells 3,887 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Convergence Investment Partners LLC lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 46.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,429 shares of the online travel company's stock after selling 3,887 shares during the period. Convergence Investment Partners LLC's holdings in Expedia Group were worth $745,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of EXPE. Minot DeBlois Advisors LLC purchased a new position in Expedia Group during the 4th quarter worth approximately $27,000. Sava Infond d.o.o. purchased a new position in Expedia Group during the 4th quarter worth approximately $28,000. Prudent Man Investment Management Inc. purchased a new position in Expedia Group during the 4th quarter worth approximately $34,000. Park Square Financial Group LLC purchased a new position in Expedia Group during the 1st quarter worth approximately $34,000. Finally, Optiver Holding B.V. purchased a new position in Expedia Group during the 4th quarter worth approximately $38,000. Institutional investors own 90.76% of the company's stock.

Expedia Group Stock Performance

Shares of EXPE traded down $3.14 during trading hours on Friday, reaching $187.34. 1,419,322 shares of the company traded hands, compared to its average volume of 1,425,732. The stock's fifty day moving average is $172.39 and its 200 day moving average is $172.62. The stock has a market cap of $23.81 billion, a P/E ratio of 22.09, 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. 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 announced its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 EPS 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 analyst estimates of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS. Equities research analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.85%. The ex-dividend date was Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

Analyst Ratings Changes

Several equities analysts have weighed in on EXPE shares. The Goldman Sachs Group lowered their price objective on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Benchmark reiterated a "buy" rating on shares of Expedia Group in a research report on Wednesday. UBS Group lowered their price target on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company boosted their price target 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. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price target on shares of Expedia Group in a report on Wednesday. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $188.92.

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.