Hengistbury Investment Partners LLP Makes New Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Hengistbury Investment Partners LLP has acquired a new stake of 231,776 shares in Expedia Group, Inc., valued at approximately $38.96 million, making it the third-largest position in their portfolio.
• Analysts have issued mixed ratings on Expedia, with Piper Sandler downgrading the stock to "underweight" and a consensus target price of $189.38 reflecting a "Moderate Buy" rating among analysts.
• Expedia Group's recent earnings report showed a miss in EPS estimates at $0.40, and the company also declared a quarterly dividend of $0.40, resulting in an annualized yield of 0.9%.

Hengistbury Investment Partners LLP bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 231,776 shares of the online travel company's stock, valued at approximately $38,962,000. Expedia Group accounts for 22.5% of Hengistbury Investment Partners LLP's portfolio, making the stock its 3rd biggest position. Hengistbury Investment Partners LLP owned 0.18% of Expedia Group as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EXPE. McClarren Financial Advisors Inc. bought a new stake in Expedia Group during the first quarter worth about $28,000. Thoroughbred Financial Services LLC increased its stake in shares of Expedia Group by 89.7% in the first quarter. Thoroughbred Financial Services LLC now owns 2,297 shares of the online travel company's stock valued at $386,000 after buying an additional 1,086 shares during the period. ING Groep NV acquired a new stake in Expedia Group during the 1st quarter valued at approximately $2,647,000. Earned Wealth Advisors LLC bought a new position in shares of Expedia Group during the 1st quarter worth approximately $200,000. Finally, Raiffeisen Bank International AG boosted its holdings in shares of Expedia Group by 5,489.3% during the 1st quarter. Raiffeisen Bank International AG now owns 1,565 shares of the online travel company's stock worth $263,000 after buying an additional 1,537 shares in the last quarter. Institutional investors own 90.76% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Piper Sandler cut Expedia Group from a "neutral" rating to an "underweight" rating and cut their target price for the stock from $174.00 to $135.00 in a report on Friday, May 9th. UBS Group raised their target price on Expedia Group from $166.00 to $182.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Truist Financial dropped their price objective on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a report on Tuesday, June 24th. Wall Street Zen upgraded shares of Expedia Group from a "hold" rating to a "buy" rating in a research report on Monday, July 28th. Finally, Morgan Stanley increased their price target on shares of Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $189.38.

Expedia Group Stock Performance

NASDAQ EXPE opened at $184.99 on Tuesday. Expedia Group, Inc. has a 1-year low of $110.20 and a 1-year high of $207.73. The company has a market capitalization of $23.52 billion, a P/E ratio of 21.81, a PEG ratio of 0.85 and a beta of 1.61. The business has a 50 day moving average price of $174.93 and a 200 day moving average price of $172.45. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted 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). The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. Expedia Group's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 EPS. Sell-side analysts expect 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 was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.9%. Expedia Group's dividend payout ratio (DPR) is 18.87%.

Expedia Group 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.

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