Assenagon Asset Management S.A. Boosts Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Assenagon Asset Management S.A. lifted its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 827.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 306,497 shares of the online travel company's stock after buying an additional 273,444 shares during the period. Assenagon Asset Management S.A. owned about 0.24% of Expedia Group worth $51,522,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Handelsbanken Fonder AB increased its holdings in shares of Expedia Group by 17.8% in the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company's stock worth $5,729,000 after buying an additional 4,656 shares during the last quarter. Clare Market Investments LLC bought a new stake in shares of Expedia Group in the 4th quarter worth about $319,000. Cigna Investments Inc. New bought a new stake in shares of Expedia Group in the 4th quarter worth about $238,000. Jones Financial Companies Lllp increased its holdings in shares of Expedia Group by 53.4% in the 4th quarter. Jones Financial Companies Lllp now owns 4,870 shares of the online travel company's stock worth $907,000 after buying an additional 1,696 shares during the last quarter. Finally, Groupama Asset Managment bought a new stake in shares of Expedia Group in the 4th quarter worth about $1,308,000. 90.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXPE has been the topic of several analyst reports. Morgan Stanley cut their price target on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Susquehanna cut 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. UBS Group cut 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. Piper Sandler downgraded shares of Expedia Group from a "neutral" rating to an "underweight" rating and cut their price target for the company from $174.00 to $135.00 in a report on Friday, May 9th. Finally, Wall Street Zen downgraded shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $186.35.

Expedia Group Stock Performance

Expedia Group stock traded down $6.07 during mid-day trading on Friday, reaching $165.63. 1,404,086 shares of the company traded hands, compared to its average volume of 1,914,668. The company has a market capitalization of $21.06 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 0.92 and a beta of 1.59. Expedia Group, Inc. has a fifty-two week low of $110.20 and a fifty-two week high of $207.73. The firm's fifty day moving average is $161.96 and its two-hundred day moving average is $174.70. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72.

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 the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 EPS. On average, equities research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.97%. Expedia Group's dividend payout ratio is presently 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.