Retireful LLC purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,835 shares of the online travel company's stock, valued at approximately $1,149,000.
A number of other hedge funds have also added to or reduced their stakes in EXPE. Norges Bank purchased a new stake in shares of Expedia Group in the fourth quarter valued at about $670,565,000. Bamco Inc. NY bought a new stake in Expedia Group in the 4th quarter worth about $80,206,000. Alkeon Capital Management LLC increased its stake in 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. Bridgewater Associates LP lifted its position in shares of Expedia Group by 73.4% during the 4th quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock worth $159,175,000 after buying an additional 361,543 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Expedia Group by 18,141.9% in the 1st quarter. GAMMA Investing LLC now owns 353,346 shares of the online travel company's stock worth $59,397,000 after buying an additional 351,409 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.
Expedia Group Price Performance
Shares of Expedia Group stock traded up $3.17 on Friday, reaching $176.55. The stock had a trading volume of 1,822,609 shares, compared to its average volume of 1,930,413. The business's 50 day moving average is $159.32 and its two-hundred day moving average is $175.17. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a 1 year low of $110.20 and a 1 year high of $207.73. The company has a market cap of $22.44 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 0.92 and a beta of 1.59.
Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results 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). The business had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. Expedia Group's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. As a group, research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.
Expedia Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group's payout ratio is 18.87%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on EXPE. Hsbc Global Res raised Expedia Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 7th. Citigroup raised their target price on Expedia Group from $200.00 to $217.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. UBS Group lowered their target price on Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Piper Sandler downgraded shares of Expedia Group from a "neutral" rating to an "underweight" rating and cut their price target for the stock from $174.00 to $135.00 in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of 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 given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $186.35.
View Our Latest Report on EXPE
Expedia Group Profile
(
Free Report)
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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