Equity Investment Corp Has $851,000 Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Equity Investment Corp cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 99.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,060 shares of the online travel company's stock after selling 533,189 shares during the period. Equity Investment Corp's holdings in Expedia Group were worth $851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of EXPE. Minot DeBlois Advisors LLC acquired a new position in Expedia Group in the fourth 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. acquired a new stake in shares of Expedia Group in the 4th quarter valued at approximately $34,000. Park Square Financial Group LLC bought a new position in Expedia Group during the 1st quarter worth approximately $34,000. Finally, Optiver Holding B.V. acquired a new position in Expedia Group during the fourth quarter valued at approximately $38,000. Institutional investors own 90.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. 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 report on Monday, May 12th. UBS Group decreased their target price on Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Wedbush restated a "neutral" rating and issued a $165.00 price target (down from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Wells Fargo & Company lifted their price objective on Expedia Group from $149.00 to $178.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Finally, Oppenheimer decreased their price objective 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 given a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $187.19.

Expedia Group Stock Performance

NASDAQ EXPE traded down $0.69 on Wednesday, reaching $178.30. The stock had a trading volume of 1,148,733 shares, compared to its average volume of 1,889,580. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $22.67 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 0.86 and a beta of 1.57. The firm has a fifty day moving average of $169.20 and a two-hundred day moving average of $172.55. 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 released its quarterly earnings results 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 business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. Expedia Group's revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 earnings per share. On average, equities research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The business also recently declared 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 dividend yield of 0.90%. The ex-dividend date was Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is currently 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.