Robeco Institutional Asset Management B.V. Decreases Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Robeco Institutional Asset Management B.V. lowered its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 597,884 shares of the online travel company's stock after selling 4,272 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.46% of Expedia Group worth $100,504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new stake in Expedia Group during the fourth quarter worth about $670,565,000. Geode Capital Management LLC boosted its position in Expedia Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock worth $600,750,000 after purchasing an additional 30,163 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Expedia Group by 6.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock worth $439,808,000 after purchasing an additional 150,480 shares during the period. Alkeon Capital Management LLC increased its holdings in Expedia Group by 25.4% in the fourth 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 in the last quarter. Finally, Lyrical Asset Management LP raised its stake in shares of Expedia Group by 1.7% during the 4th quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company's stock worth $328,591,000 after buying an additional 28,736 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on EXPE. Barclays boosted their target price on shares of Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Piper Sandler lowered Expedia Group from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $174.00 to $135.00 in a research note on Friday, May 9th. Benchmark reduced their target price on Expedia Group from $225.00 to $215.00 and set a "buy" rating for the company in a report on Friday, May 9th. Oppenheimer lowered their price target on Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, The Goldman Sachs Group decreased their price target on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Expedia Group presently has a consensus rating of "Moderate Buy" and an average price target of $186.08.

Expedia Group Stock Up 0.6%

EXPE traded up $1.05 during trading hours on Thursday, hitting $166.80. 1,903,308 shares of the company's stock were exchanged, compared to its average volume of 1,905,461. The firm has a market cap of $21.20 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 0.81 and a beta of 1.59. 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, Inc. has a 12-month low of $110.20 and a 12-month high of $207.73. The firm has a 50 day moving average of $164.03 and a 200 day moving average of $173.56.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter last year, the company earned $0.21 EPS. Expedia Group's revenue for the quarter was up 3.4% compared to the same quarter last year. Analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's dividend payout ratio is presently 18.87%.

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.