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Malaga Cove Capital LLC Takes $574,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

Expedia Group logo with Retail/Wholesale background

Key Points

  • Malaga Cove Capital LLC has acquired a new position in Expedia Group, purchasing 3,417 shares valued at approximately $574,000 during the first quarter.
  • Expedia Group's recent quarterly earnings revealed an EPS of $0.40, falling short of the consensus estimate of $0.42, with revenues reaching $2.99 billion compared to expectations of $3.02 billion.
  • Institutional investors and hedge funds currently hold 90.76% of Expedia Group's stock, indicating strong institutional interest in the company.
  • Five stocks to consider instead of Expedia Group.

Malaga Cove Capital LLC bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,417 shares of the online travel company's stock, valued at approximately $574,000.

A number of other hedge funds also recently added to or reduced their stakes in EXPE. Geode Capital Management LLC grew its stake in shares of Expedia Group by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock worth $600,750,000 after acquiring an additional 30,163 shares in the last quarter. Alkeon Capital Management LLC boosted its holdings in Expedia Group by 25.4% in the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after purchasing an additional 400,000 shares during the period. Lyrical Asset Management LP grew its stake in Expedia Group by 1.7% during the 4th quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company's stock worth $328,591,000 after purchasing an additional 28,736 shares in the last quarter. FMR LLC increased its holdings in Expedia Group by 6.5% during the 4th quarter. FMR LLC now owns 1,303,532 shares of the online travel company's stock worth $242,887,000 after purchasing an additional 79,372 shares during the period. Finally, Northern Trust Corp increased its holdings in Expedia Group by 8.8% during the 4th quarter. Northern Trust Corp now owns 1,275,907 shares of the online travel company's stock worth $237,740,000 after purchasing an additional 102,949 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Price Performance

EXPE stock opened at $178.06 on Friday. 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 market capitalization of $22.64 billion, a P/E ratio of 21.00, a PEG ratio of 0.86 and a beta of 1.57. The business has a 50 day simple moving average of $174.41 and a 200-day simple moving average of $172.68. Expedia Group, Inc. has a twelve month low of $110.20 and a twelve month high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The business had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. As a group, equities analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. Expedia Group's dividend payout ratio is 18.87%.

Analyst Ratings Changes

EXPE has been the subject of several recent research reports. The Goldman Sachs Group decreased their price objective on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price target on shares of Expedia Group in a research note on Wednesday, July 23rd. Susquehanna lowered their price target on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a report on Monday, May 12th. Wall Street Zen raised shares of Expedia Group from a "hold" rating to a "buy" rating in a research report on Monday, July 28th. Finally, Morgan Stanley lifted their price objective on shares of Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Expedia Group has a consensus rating of "Moderate Buy" and an average price target of $189.38.

View Our Latest Analysis on EXPE

Expedia Group Company Profile

(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.

See Also

Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia Group, Inc. (NASDAQ:EXPE - Free Report).

Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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