Mediolanum International Funds Ltd Trims Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Mediolanum International Funds Ltd reduced its stake in Expedia Group, Inc. by 25.6%, owning 46,554 shares valued at approximately $7.83 million after selling 16,019 shares.
• Institutional investors control 90.76% of Expedia's stock, with significant increases in holdings from firms like Los Angeles Capital Management and Alkeon Capital Management.
• Expedia Group missed earnings estimates in its last quarterly report, posting $0.40 earnings per share against a consensus of $0.42.

Mediolanum International Funds Ltd trimmed its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 25.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,554 shares of the online travel company's stock after selling 16,019 shares during the quarter. Mediolanum International Funds Ltd's holdings in Expedia Group were worth $7,826,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Altman Advisors Inc. raised its position in shares of Expedia Group by 0.5% in the 1st quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock worth $2,093,000 after acquiring an additional 65 shares in the last quarter. UMB Bank n.a. raised its position in shares of Expedia Group by 14.1% in the 1st quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock worth $94,000 after acquiring an additional 69 shares in the last quarter. Diametric Capital LP raised its position in shares of Expedia Group by 1.6% in the 4th quarter. Diametric Capital LP now owns 4,737 shares of the online travel company's stock worth $883,000 after acquiring an additional 74 shares in the last quarter. Foyston Gordon & Payne Inc raised its position in shares of Expedia Group by 0.3% in the 4th quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock worth $4,124,000 after acquiring an additional 74 shares in the last quarter. Finally, Ascent Group LLC raised its stake in Expedia Group by 3.2% in the fourth quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock valued at $453,000 after buying an additional 76 shares during the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group decreased their price target 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. UBS Group increased their price objective on Expedia Group from $166.00 to $182.00 and gave the company a "neutral" rating in a report on Monday. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price objective on shares of Expedia Group in a report on Wednesday, July 23rd. Oppenheimer cut their price objective on Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Finally, Truist Financial dropped their target price on Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a report on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $189.38.

Expedia Group Stock Down 0.7%

EXPE traded down $1.31 on Wednesday, hitting $181.51. 927,876 shares of the company were exchanged, compared to its average volume of 2,084,614. Expedia Group, Inc. has a twelve month low of $110.20 and a twelve month high of $207.73. The company has a market cap of $23.07 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth 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 firm has a 50-day moving average price of $173.23 and a two-hundred day moving average price of $172.67.

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 (EPS) 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 analysts' expectations of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The firm'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. On average, equities analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Thursday, May 29th. 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.