Raiffeisen Bank International AG Increases Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Raiffeisen Bank International AG significantly increased its stake in Expedia Group, growing it by 5,489.3% in the first quarter, now owning 1,565 shares valued at approximately $263,000.
• Expedia Group's stock price is currently at $181.84, having seen a 1.7% decline recently, with a market capitalization of $23.12 billion.
• The company reported $0.40 EPS, missing analysts' expectations, and has a dividend yield of 0.9%, with an annualized dividend of $1.60.

Raiffeisen Bank International AG grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 5,489.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,565 shares of the online travel company's stock after purchasing an additional 1,537 shares during the quarter. Raiffeisen Bank International AG's holdings in Expedia Group were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of EXPE. Alkeon Capital Management LLC grew its position in shares of Expedia Group by 25.4% in the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after buying an additional 400,000 shares during the last quarter. FMR LLC boosted its stake in Expedia Group by 6.5% in the fourth quarter. FMR LLC now owns 1,303,532 shares of the online travel company's stock valued at $242,887,000 after acquiring an additional 79,372 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Expedia Group by 8.8% during the fourth quarter. Northern Trust Corp now owns 1,275,907 shares of the online travel company's stock worth $237,740,000 after purchasing an additional 102,949 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Expedia Group by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,176,669 shares of the online travel company's stock worth $219,255,000 after purchasing an additional 71,795 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of Expedia Group by 3,369.4% during the first quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company's stock worth $172,995,000 after purchasing an additional 999,454 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Stock Down 1.7%

Shares of NASDAQ EXPE opened at $181.84 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. Expedia Group, Inc. has a 52 week low of $111.08 and a 52 week high of $207.73. The firm has a 50-day moving average price of $175.27 and a 200 day moving average price of $172.52. The stock has a market capitalization of $23.12 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 0.88 and a beta of 1.61.

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 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 company had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.02 billion. During the same period last year, the business posted $0.21 earnings per share. The company's quarterly revenue was up 3.4% on a year-over-year basis. Equities research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Bank of America upped their target price on Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Barclays boosted their price objective on Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Wedbush reissued a "neutral" rating and issued a $165.00 price objective (down from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Wall Street Zen raised shares of Expedia Group from a "hold" rating to a "buy" rating in a report on Monday, July 28th. Finally, Wells Fargo & Company upped their price target on shares of Expedia Group from $149.00 to $178.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. One 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. According to MarketBeat.com, Expedia Group has a consensus rating of "Moderate Buy" and a consensus target price 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.

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