KBC Group NV Sells 41,878 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

KBC Group NV trimmed its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 14.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 251,604 shares of the online travel company's stock after selling 41,878 shares during the period. KBC Group NV owned approximately 0.20% of Expedia Group worth $42,294,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Praxis Investment Management Inc. increased its position in shares of Expedia Group by 63.5% during the 1st quarter. Praxis Investment Management Inc. now owns 4,610 shares of the online travel company's stock worth $775,000 after purchasing an additional 1,790 shares in the last quarter. Clare Market Investments LLC acquired a new stake in Expedia Group in the 4th quarter valued at about $319,000. State of Alaska Department of Revenue increased its position in Expedia Group by 3.2% in the 1st quarter. State of Alaska Department of Revenue now owns 14,451 shares of the online travel company's stock valued at $2,429,000 after acquiring an additional 445 shares in the last quarter. Jones Financial Companies Lllp increased its position in Expedia Group by 53.4% in the 4th quarter. Jones Financial Companies Lllp now owns 4,870 shares of the online travel company's stock valued at $907,000 after acquiring an additional 1,696 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new stake in Expedia Group in the 1st quarter valued at about $433,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Stock Performance

Shares of EXPE opened at $170.76 on Monday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group, Inc. has a twelve month low of $110.20 and a twelve month high of $207.73. The firm's 50 day moving average price is $164.74 and its two-hundred day moving average price is $173.09. The firm has a market cap of $21.71 billion, a P/E ratio of 20.14, a PEG ratio of 0.82 and a beta of 1.59.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced 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 net margin of 8.48% and a return on equity of 52.60%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the firm posted $0.21 EPS. The business's quarterly revenue was up 3.4% compared to the same quarter last year. On average, analysts forecast that Expedia Group, Inc. will post 12.28 EPS 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 paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Thursday, May 29th. Expedia Group's payout ratio is currently 18.87%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EXPE. Bank of America raised their price objective on shares of Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Truist Financial lowered their price objective on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a research report on Tuesday, June 24th. Wall Street Zen cut shares of Expedia Group from a "buy" rating to a "hold" rating in a research report on Saturday. Piper Sandler cut shares of Expedia Group from a "neutral" rating to an "underweight" rating and lowered their price objective for the company from $174.00 to $135.00 in a research report on Friday, May 9th. Finally, UBS Group lowered their price objective on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Expedia Group presently has a consensus rating of "Hold" and a consensus target price of $186.08.

About Expedia Group

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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