Stevens Capital Management LP Boosts Position in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Stevens Capital Management LP increased its stake in Expedia Group, Inc. by 159.3% during the first quarter, now owning 3,636 shares valued at $611,000.
• Expedia reported a net income of $0.40 per share for the last quarter, missing estimates, with revenue of $2.99 billion compared to a $3.02 billion estimate.
• Wall Street analysts have mixed ratings on Expedia, with one sell rating, eighteen hold ratings, ten buy ratings, and three strong buy ratings, leading to an average target price of $188.92.

Stevens Capital Management LP lifted its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 159.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,636 shares of the online travel company's stock after buying an additional 2,234 shares during the quarter. Stevens Capital Management LP's holdings in Expedia Group were worth $611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EXPE. Minot DeBlois Advisors LLC bought a new position in Expedia Group during the fourth quarter worth $27,000. Sava Infond d.o.o. bought a new position in Expedia Group during the fourth quarter worth $28,000. Prudent Man Investment Management Inc. bought a new position in Expedia Group during the fourth quarter worth $34,000. Park Square Financial Group LLC bought a new position in Expedia Group during the first quarter worth $34,000. Finally, Optiver Holding B.V. bought a new position in Expedia Group during the fourth quarter worth $38,000. 90.76% of the stock is owned by institutional investors.

Expedia Group Stock Performance

Expedia Group stock traded down $2.66 during midday trading on Tuesday, reaching $184.51. The stock had a trading volume of 472,206 shares, compared to its average volume of 2,087,109. Expedia Group, Inc. has a 12 month low of $110.20 and a 12 month high of $207.73. The firm's 50-day moving average price is $172.83 and its 200 day moving average price is $172.60. The firm has a market capitalization of $23.45 billion, a PE ratio of 21.83, a P/E/G ratio of 0.90 and a beta of 1.57. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) 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 the consensus estimate of $3.02 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The company's revenue was up 3.4% on a year-over-year basis. As a group, research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's payout ratio is presently 18.87%.

Analysts Set New Price Targets

A number of research firms have commented on EXPE. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price objective on shares of Expedia Group in a research report on Wednesday, July 23rd. Wedbush reissued a "neutral" rating and issued a $165.00 target price (down previously from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Wells Fargo & Company boosted their target price on shares of Expedia Group from $149.00 to $178.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Benchmark reissued a "buy" rating on shares of Expedia Group in a research report on Wednesday, July 23rd. Finally, Piper Sandler cut shares of Expedia Group from a "neutral" rating to an "underweight" rating and reduced their target price for the company from $174.00 to $135.00 in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $189.38.

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.