Picton Mahoney Asset Management Lowers Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Picton Mahoney Asset Management significantly cut its position in Expedia Group, reducing its stake by 77.5% and holding only 6,377 shares at the end of the first quarter.
• Expedia Group's quarterly earnings report revealed an EPS of $0.40, missing analysts' estimates of $0.42, with revenue of $2.99 billion against a consensus of $3.02 billion.
• Expedia recently declared a quarterly dividend of $0.40 per share, yielding 0.89% annually, with a payout ratio of 18.87%.

Picton Mahoney Asset Management lessened its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 77.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,377 shares of the online travel company's stock after selling 21,982 shares during the quarter. Picton Mahoney Asset Management's holdings in Expedia Group were worth $1,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPE. Brighton Jones LLC bought a new position in shares of Expedia Group during the fourth quarter valued at approximately $408,000. Orion Portfolio Solutions LLC raised its holdings in Expedia Group by 5.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 12,466 shares of the online travel company's stock worth $2,323,000 after purchasing an additional 639 shares in the last quarter. Wellington Management Group LLP raised its holdings in Expedia Group by 34.4% in the fourth quarter. Wellington Management Group LLP now owns 14,055 shares of the online travel company's stock worth $2,619,000 after purchasing an additional 3,595 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in Expedia Group by 3,462.5% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,425 shares of the online travel company's stock worth $266,000 after purchasing an additional 1,385 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in Expedia Group by 8.3% in the fourth quarter. National Bank of Canada FI now owns 62,258 shares of the online travel company's stock worth $11,601,000 after purchasing an additional 4,793 shares in the last quarter. Institutional investors own 90.76% of the company's stock.

Expedia Group Stock Performance

Shares of Expedia Group stock traded down $2.16 during trading on Friday, hitting $178.06. 1,674,154 shares of the company's stock traded hands, compared to its average volume of 1,338,934. 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 1 year low of $110.20 and a 1 year high of $207.73. The stock has a market capitalization of $22.63 billion, a P/E ratio of 21.00, a PEG ratio of 0.86 and a beta of 1.61. The business has a 50-day simple moving average of $174.41 and a 200-day simple moving average of $172.68.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released 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). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is currently 18.87%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price objective on Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. The Goldman Sachs Group decreased their price objective on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a report on Friday, May 9th. Truist Financial decreased their price objective on Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a report on Tuesday, June 24th. Piper Sandler downgraded Expedia Group from a "neutral" rating to an "underweight" rating and decreased their price objective for the stock from $174.00 to $135.00 in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. reduced their price target on Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $189.38.

Expedia Group Company 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.