Penserra Capital Management LLC Reduces Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Penserra Capital Management LLC decreased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 13.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,909 shares of the online travel company's stock after selling 4,446 shares during the quarter. Penserra Capital Management LLC's holdings in Expedia Group were worth $4,690,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Praxis Investment Management Inc. raised its position in Expedia Group by 63.5% in 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 during the period. Monument Capital Management bought a new position in shares of Expedia Group during the first quarter valued at about $2,261,000. Clare Market Investments LLC purchased a new position in shares of Expedia Group in the fourth quarter worth about $319,000. State of Alaska Department of Revenue lifted its stake in shares of Expedia Group by 3.2% in the 1st quarter. State of Alaska Department of Revenue now owns 14,451 shares of the online travel company's stock valued at $2,429,000 after acquiring an additional 445 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Expedia Group by 53.4% during the 4th quarter. Jones Financial Companies Lllp now owns 4,870 shares of the online travel company's stock valued at $907,000 after acquiring an additional 1,696 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Up 0.7%

EXPE traded up $1.32 during trading on Monday, hitting $177.80. 1,384,885 shares of the company's stock traded hands, compared to its average volume of 1,904,446. The stock has a market capitalization of $22.60 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 0.84 and a beta of 1.57. The company's 50 day simple moving average is $166.56 and its two-hundred day simple moving average is $172.84. Expedia Group, Inc. has a 12-month low of $110.20 and a 12-month high of $207.73. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings data 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). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The business had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same period last year, the business earned $0.21 earnings per share. The company's quarterly revenue was up 3.4% on a year-over-year basis. Analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a $0.40 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.90%. Expedia Group's dividend payout ratio is presently 18.87%.

Analysts Set New Price Targets

A number of equities analysts have commented on EXPE shares. Wells Fargo & Company lifted their price target on Expedia Group from $149.00 to $178.00 and gave the stock an "equal weight" rating in a research note on Monday. Susquehanna decreased their target price on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research note on Monday, May 12th. The Goldman Sachs Group dropped their price target on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Morgan Stanley decreased their price objective on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Finally, UBS Group lowered their price objective on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Expedia Group has an average rating of "Hold" and an average price target 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.