Two Sigma Investments LP trimmed its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 68.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,116 shares of the online travel company's stock after selling 222,137 shares during the quarter. Two Sigma Investments LP owned 0.08% of Expedia Group worth $19,027,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the business. Norges Bank bought a new stake in Expedia Group during the fourth quarter worth approximately $670,565,000. Bamco Inc. NY bought a new stake in shares of Expedia Group during the 4th quarter worth $80,206,000. Alkeon Capital Management LLC grew its holdings in shares of Expedia Group by 25.4% in 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 during the last quarter. Bridgewater Associates LP raised its position in shares of Expedia Group by 73.4% during the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock worth $159,175,000 after purchasing an additional 361,543 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Expedia Group during the fourth quarter valued at $58,367,000. Institutional investors own 90.76% of the company's stock.
Expedia Group Stock Up 0.9%
Expedia Group stock opened at $160.72 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $207.73. The firm's fifty day simple moving average is $160.47 and its 200-day simple moving average is $176.00. The company has a market capitalization of $20.43 billion, a P/E ratio of 17.76, a P/E/G ratio of 0.92 and a beta of 1.62.
Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. Expedia Group's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business earned $0.21 earnings per share. Sell-side analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.
Expedia Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be issued a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.00%. Expedia Group's dividend payout ratio (DPR) is currently 18.87%.
Analyst Ratings Changes
EXPE has been the topic of a number of analyst reports. Bank of America lifted their price target on Expedia Group from $205.00 to $211.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Hsbc Global Res upgraded shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Friday, February 7th. JPMorgan Chase & Co. decreased their price objective on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. JMP Securities reiterated a "market perform" rating on shares of Expedia Group in a research report on Friday, February 7th. Finally, BMO Capital Markets increased their target price on Expedia Group from $165.00 to $190.00 and gave the company a "market perform" rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.35.
Get Our Latest Research Report on EXPE
About Expedia Group
(
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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