Point72 Asset Management L.P. Acquires New Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Point72 Asset Management L.P. purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,826 shares of the online travel company's stock, valued at approximately $2,949,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new stake in Expedia Group in the fourth quarter valued at about $27,000. SRH Advisors LLC bought a new position in shares of Expedia Group in the fourth quarter worth about $28,000. Sava Infond d.o.o. acquired a new stake in shares of Expedia Group in the 4th quarter valued at approximately $28,000. Grove Bank & Trust grew its holdings in shares of Expedia Group by 676.2% during the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock valued at $30,000 after purchasing an additional 142 shares during the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new position in Expedia Group during the 4th quarter worth approximately $34,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Performance

Shares of NASDAQ EXPE traded down $1.74 during midday trading on Friday, hitting $158.98. The company's stock had a trading volume of 1,269,711 shares, compared to its average volume of 1,933,860. The stock has a fifty day moving average price of $160.35 and a 200 day moving average price of $175.96. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $20.21 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 0.92 and a beta of 1.62.

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 (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The business 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 earned $0.21 EPS. The business's revenue for the quarter was up 3.4% on a year-over-year basis. On average, research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is currently 18.87%.

Wall Street Analyst Weigh In

Several brokerages recently commented on EXPE. HSBC raised shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 price objective for the company in a research note on Friday, February 7th. Hsbc Global Res raised shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 7th. Citigroup increased their price objective on shares of Expedia Group from $200.00 to $217.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Morgan Stanley dropped their price objective on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, DA Davidson increased their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $186.35.

About Expedia Group

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.