GAMMA Investing LLC grew its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 18,141.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 353,346 shares of the online travel company's stock after buying an additional 351,409 shares during the period. GAMMA Investing LLC owned 0.27% of Expedia Group worth $59,397,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. Norges Bank purchased a new stake in shares of Expedia Group in the fourth quarter valued at about $670,565,000. Bamco Inc. NY purchased a new stake in shares of Expedia Group in the fourth quarter valued at about $80,206,000. Alkeon Capital Management LLC grew its holdings in shares of Expedia Group by 25.4% in the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after purchasing an additional 400,000 shares during the period. Bridgewater Associates LP grew its holdings in shares of Expedia Group by 73.4% in the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock valued at $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 in the fourth quarter valued at about $58,367,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.
Expedia Group Stock Performance
EXPE traded up $3.17 on Friday, reaching $176.55. The company had a trading volume of 1,822,609 shares, compared to its average volume of 1,925,932. 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, Inc. has a 1 year low of $110.20 and a 1 year high of $207.73. The stock has a market capitalization of $22.44 billion, a PE ratio of 19.51, a P/E/G ratio of 0.92 and a beta of 1.59. The stock has a 50-day moving average price of $159.50 and a 200-day moving average price of $175.17.
Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the company earned $0.21 EPS. The business's revenue was up 3.4% on a year-over-year basis. As a group, research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.
Expedia Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.91%. Expedia Group's dividend payout ratio is presently 18.87%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on EXPE shares. Hsbc Global Res raised shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Friday, February 7th. Bank of America upped their price objective on shares of Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a report on Friday, May 9th. Piper Sandler lowered shares of Expedia Group from a "neutral" rating to an "underweight" rating and dropped their price objective for the company from $174.00 to $135.00 in a report on Friday, May 9th. Wall Street Zen lowered shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 16th. Finally, DA Davidson increased their target price on shares of Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $186.35.
View Our Latest Report on Expedia Group
Expedia Group Company Profile
(
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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