OVERSEA CHINESE BANKING Corp Ltd Has $713,000 Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Expedia Group, Inc. by 99.1%, now owning 4,236 shares valued at $713,000 as of the latest SEC filing.
• Expedia Group reported earnings per share of $0.40 for the last quarter, missing estimates of $0.42, and has seen a 3.4% year-over-year revenue increase to $2.99 billion.
• The company announced a $0.40 quarterly dividend, representing an annualized total of $1.60, with a current dividend yield of 0.9%.

OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 99.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,236 shares of the online travel company's stock after buying an additional 2,108 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Expedia Group were worth $713,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EXPE. Minot DeBlois Advisors LLC acquired a new stake in Expedia Group in the fourth quarter valued at $27,000. Park Square Financial Group LLC acquired a new stake in Expedia Group in the first quarter valued at $34,000. Optiver Holding B.V. acquired a new stake in Expedia Group in the fourth quarter valued at $38,000. Banque Transatlantique SA acquired a new stake in Expedia Group in the fourth quarter valued at $45,000. Finally, Larson Financial Group LLC increased its holdings in Expedia Group by 2,175.0% in the first quarter. Larson Financial Group LLC now owns 273 shares of the online travel company's stock valued at $46,000 after purchasing an additional 261 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Trading Down 1.2%

EXPE opened at $178.06 on Monday. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a fifty-two week low of $110.20 and a fifty-two week high of $207.73. The firm has a market capitalization of $22.63 billion, a PE ratio of 21.00, a P/E/G ratio of 0.85 and a beta of 1.61. The company's 50-day moving average is $174.41 and its 200 day moving average is $172.47.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted 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 52.60% and a net margin of 8.48%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the company earned $0.21 EPS. The company's revenue was up 3.4% on a year-over-year basis. As a group, research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EXPE shares. Benchmark restated a "buy" rating on shares of Expedia Group in a report on Wednesday, July 23rd. Morgan Stanley upped their price target on shares of Expedia Group from $150.00 to $165.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Truist Financial cut their price target on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research report on Tuesday, June 24th. Wedbush reaffirmed a "neutral" rating and set a $165.00 price target (down previously from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Finally, Wall Street Zen raised shares of Expedia Group from a "hold" rating to a "buy" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Expedia Group has an average rating of "Moderate Buy" and an average price target of $189.38.

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.

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.