Legato Capital Management LLC Reduces Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Legato Capital Management LLC decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 22.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,232 shares of the online travel company's stock after selling 3,233 shares during the quarter. Legato Capital Management LLC's holdings in Expedia Group were worth $1,888,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in EXPE. Minot DeBlois Advisors LLC acquired a new stake in shares of Expedia Group during the 4th quarter valued at approximately $27,000. Sava Infond d.o.o. acquired a new position in shares of Expedia Group during the 4th quarter worth approximately $28,000. Prudent Man Investment Management Inc. acquired a new position in shares of Expedia Group during the 4th quarter worth approximately $34,000. Park Square Financial Group LLC acquired a new position in shares of Expedia Group during the 1st quarter worth approximately $34,000. Finally, Optiver Holding B.V. acquired a new position in shares of Expedia Group during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EXPE. Wedbush reissued a "neutral" rating and set a $165.00 price objective (down from $180.00) on shares of Expedia Group in a research note on Friday, May 9th. Wells Fargo & Company upped their price target on shares of Expedia Group from $149.00 to $178.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. UBS Group decreased their price target 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. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $170.00 price target on shares of Expedia Group in a research report on Thursday, May 15th. Finally, Oppenheimer decreased their price target on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $187.77.

Expedia Group Trading Up 2.1%

Shares of NASDAQ EXPE opened at $189.44 on Wednesday. Expedia Group, Inc. has a 1-year low of $110.20 and a 1-year high of $207.73. The company has a market cap of $24.08 billion, a PE ratio of 22.34, a P/E/G ratio of 0.89 and a beta of 1.57. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. The company has a 50-day moving average of $170.27 and a two-hundred day moving average of $172.37.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted 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). The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The company's quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. As a group, equities analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is presently 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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