Independence Bank of Kentucky Sells 2,145 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Independence Bank of Kentucky decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 25.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,192 shares of the online travel company's stock after selling 2,145 shares during the quarter. Independence Bank of Kentucky's holdings in Expedia Group were worth $1,041,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPE. Norges Bank acquired a new stake in shares of Expedia Group during the fourth quarter valued at about $670,565,000. Bamco Inc. NY bought a new position in Expedia Group in the 4th quarter valued at approximately $80,206,000. Alkeon Capital Management LLC raised its holdings in 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 valued at $368,276,000 after buying an additional 400,000 shares during the last quarter. Bridgewater Associates LP boosted its position in Expedia Group by 73.4% during the 4th quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock worth $159,175,000 after buying an additional 361,543 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Expedia Group by 18,141.9% during the 1st quarter. GAMMA Investing LLC now owns 353,346 shares of the online travel company's stock worth $59,397,000 after acquiring an additional 351,409 shares during the last quarter. Institutional investors own 90.76% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on EXPE. Benchmark dropped their price target on shares of Expedia Group from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Cantor Fitzgerald restated a "neutral" rating and issued a $170.00 price objective on shares of Expedia Group in a report on Thursday, May 15th. Susquehanna cut their target price on Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. BMO Capital Markets upped their price target on Expedia Group from $165.00 to $190.00 and gave the company a "market perform" rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company increased their price target on Expedia Group from $143.00 to $149.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $186.35.

Expedia Group Stock Up 1.8%

Shares of NASDAQ:EXPE opened at $176.55 on Friday. The business's 50 day simple moving average is $159.50 and its two-hundred day simple moving average is $175.14. The firm has a market cap of $22.44 billion, a P/E ratio of 19.51, a PEG ratio of 0.92 and a beta of 1.59. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. Expedia Group, Inc. has a 52-week low of $110.20 and a 52-week high of $207.73.

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 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 firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the company earned $0.21 earnings per share. Expedia Group's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.91%. Expedia Group's payout ratio 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.

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