Pallas Capital Advisors LLC Acquires 4,243 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Pallas Capital Advisors LLC lifted its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 102.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,377 shares of the online travel company's stock after acquiring an additional 4,243 shares during the quarter. Pallas Capital Advisors LLC's holdings in Expedia Group were worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Minot DeBlois Advisors LLC bought a new position in Expedia Group during the fourth quarter valued at approximately $27,000. SRH Advisors LLC acquired a new position in shares of Expedia Group during the 4th quarter worth $28,000. Sava Infond d.o.o. bought a new position in shares of Expedia Group during the 4th quarter valued at $28,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Expedia Group in the 4th quarter valued at $34,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Expedia Group in the 4th quarter valued at $38,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Price Performance

NASDAQ:EXPE traded down $6.07 during midday trading on Friday, hitting $165.63. The company had a trading volume of 1,404,086 shares, compared to its average volume of 1,911,790. The stock's fifty day moving average price is $161.38 and its 200-day moving average price is $174.92. Expedia Group, Inc. has a 52-week low of $110.20 and a 52-week high of $207.73. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $21.06 billion, a PE ratio of 18.30, a P/E/G ratio of 0.92 and a beta of 1.59.

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 the consensus estimate of $0.42 by ($0.02). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the firm earned $0.21 earnings per share. The business's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Thursday, May 29th. Expedia Group's dividend payout ratio is currently 18.87%.

Wall Street Analysts Forecast Growth

EXPE has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price objective on Expedia Group from $143.00 to $149.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Benchmark dropped their price target on shares of Expedia Group from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Oppenheimer reduced their price objective on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. JPMorgan Chase & Co. lowered their target price on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group dropped their target price on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $186.35.

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.