Harvest Fund Management Co. Ltd lowered its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 96.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303 shares of the online travel company's stock after selling 7,548 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Expedia Group were worth $51,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Minot DeBlois Advisors LLC acquired a new stake in Expedia Group in the 4th quarter valued at approximately $27,000. Park Square Financial Group LLC acquired a new stake in Expedia Group in the 1st quarter valued at approximately $34,000. Optiver Holding B.V. acquired a new stake in Expedia Group in the 4th quarter valued at approximately $38,000. Banque Transatlantique SA acquired a new stake in Expedia Group in the 4th quarter valued at approximately $45,000. Finally, Larson Financial Group LLC raised its position in Expedia Group by 2,175.0% in the 1st quarter. Larson Financial Group LLC now owns 273 shares of the online travel company's stock valued at $46,000 after buying an additional 261 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on EXPE shares. Bank of America lifted their target price on Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Wall Street Zen raised Expedia Group from a "hold" rating to a "buy" rating in a research report on Monday. JPMorgan Chase & Co. lowered their price target on Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group lowered their price target on Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Susquehanna lowered their price target on Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $189.38.
Check Out Our Latest Report on Expedia Group
Expedia Group Price Performance
Shares of EXPE opened at $180.22 on Friday. Expedia Group, Inc. has a 12-month low of $110.20 and a 12-month high of $207.73. The business has a 50-day simple moving average of $174.03 and a two-hundred day simple moving average of $172.71. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The stock has a market cap of $22.91 billion, a PE ratio of 21.25, a PEG ratio of 0.86 and a beta of 1.57.
Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results 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 return on equity of 52.60% and a net margin of 8.48%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the company earned $0.21 EPS. Expedia Group's revenue for the quarter was up 3.4% on a year-over-year basis. Analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.
Expedia Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, May 29th. Expedia Group's payout ratio is 18.87%.
Expedia Group Profile
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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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