Focus Partners Advisor Solutions LLC Takes $522,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

Focus Partners Advisor Solutions LLC acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,801 shares of the online travel company's stock, valued at approximately $522,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Expedia Group by 7.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 839,606 shares of the online travel company's stock worth $156,444,000 after acquiring an additional 58,927 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in shares of Expedia Group by 23.5% during the fourth quarter. Voloridge Investment Management LLC now owns 66,305 shares of the online travel company's stock valued at $12,355,000 after purchasing an additional 12,622 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its stake in shares of Expedia Group by 173.3% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 144,466 shares of the online travel company's stock valued at $26,918,000 after purchasing an additional 91,605 shares in the last quarter. Woodline Partners LP bought a new position in shares of Expedia Group during the fourth quarter valued at approximately $34,359,000. Finally, iSAM Funds UK Ltd bought a new position in shares of Expedia Group during the fourth quarter valued at approximately $266,000. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group decreased their target price on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Susquehanna decreased their price target on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a report on Monday, May 12th. Morgan Stanley reduced their target price on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Truist Financial raised their target price on shares of Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a report on Wednesday, March 12th. Finally, Oppenheimer reduced their target price on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a report on Friday, May 9th. One equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $186.35.

Expedia Group Price Performance

Shares of NASDAQ EXPE traded down $2.43 during trading on Thursday, hitting $164.86. The company had a trading volume of 713,257 shares, compared to its average volume of 1,930,102. The firm has a market capitalization of $20.96 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The stock has a fifty day simple moving average of $159.79 and a two-hundred day simple moving average of $175.72. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The business's revenue was up 3.4% compared to the same quarter last year. On average, research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is 18.87%.

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.