OVERSEA CHINESE BANKING Corp Ltd Buys 2,108 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 99.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hunter Associates Investment Management LLC lifted its position in shares of Expedia Group by 10.2% during the 1st quarter. Hunter Associates Investment Management LLC now owns 29,950 shares of the online travel company's stock valued at $5,051,000 after buying an additional 2,776 shares during the last quarter. Praxis Investment Management Inc. lifted its holdings in 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. Monument Capital Management purchased a new stake in Expedia Group during the 1st quarter worth about $2,261,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Expedia Group by 19.0% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,838 shares of the online travel company's stock worth $2,662,000 after purchasing an additional 2,534 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Expedia Group by 3.2% during the 1st quarter. State of Alaska Department of Revenue now owns 14,451 shares of the online travel company's stock worth $2,429,000 after purchasing an additional 445 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Price Performance

Shares of EXPE stock traded up $1.84 during trading hours on Friday, hitting $183.92. The stock had a trading volume of 220,911 shares, compared to its average volume of 1,881,642. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. The stock's 50-day moving average price is $169.70 and its two-hundred day moving average price is $172.56. The stock has a market capitalization of $23.38 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 0.85 and a beta of 1.57.

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

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Expedia Group's dividend payout ratio (DPR) is 18.87%.

Analyst Ratings Changes

EXPE has been the topic of a number of recent research reports. Susquehanna dropped their price objective on Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. Barclays increased their price objective on Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Cantor Fitzgerald reissued a "neutral" rating and set a $170.00 price objective on shares of Expedia Group in a report on Thursday, May 15th. Piper Sandler lowered Expedia Group from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $174.00 to $135.00 in a research note on Friday, May 9th. Finally, UBS Group decreased their target price on Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $187.19.

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.