Deutsche Bank AG trimmed its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 75.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 427,924 shares of the online travel company's stock after selling 1,315,660 shares during the quarter. Deutsche Bank AG owned about 0.33% of Expedia Group worth $71,934,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Expedia Group by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company's stock worth $2,555,424,000 after acquiring an additional 394,147 shares during the period. Alkeon Capital Management LLC boosted its position in shares of Expedia Group by 25.4% during the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock worth $368,276,000 after acquiring an additional 400,000 shares in the last quarter. Northern Trust Corp raised its position in Expedia Group by 8.8% during the fourth quarter. Northern Trust Corp now owns 1,275,907 shares of the online travel company's stock valued at $237,740,000 after purchasing an additional 102,949 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Expedia Group by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,176,669 shares of the online travel company's stock valued at $219,255,000 after purchasing an additional 71,795 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Expedia Group by 3,369.4% during the 1st quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company's stock worth $172,995,000 after buying an additional 999,454 shares in the last quarter. Institutional investors own 90.76% of the company's stock.
Expedia Group Trading Up 4.1%
EXPE opened at $195.26 on Monday. The firm has a market capitalization of $24.82 billion, a PE ratio of 23.93, a P/E/G ratio of 0.93 and a beta of 1.61. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.73. Expedia Group, Inc. has a fifty-two week low of $125.50 and a fifty-two week high of $213.00. The company's 50-day moving average is $176.65 and its 200 day moving average is $172.67.
Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.13 by $0.11. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the prior year, the business posted $3.51 EPS. The business's revenue was up 6.4% compared to the same quarter last year. As a group, research analysts predict 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 will be paid on Thursday, September 18th. Investors of record on Thursday, August 28th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, August 28th. Expedia Group's dividend payout ratio (DPR) is 18.87%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on EXPE shares. Sanford C. Bernstein reissued a "market perform" rating and issued a $215.00 target price on shares of Expedia Group in a report on Sunday. DA Davidson lifted their price target on Expedia Group from $174.00 to $218.00 and gave the company a "neutral" rating in a research note on Friday. Truist Financial dropped their price objective on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a report on Tuesday, June 24th. Morgan Stanley upped their price target on shares of Expedia Group from $150.00 to $165.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Finally, Oppenheimer lowered their target price on Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $203.44.
View Our Latest Report on EXPE
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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