Sumitomo Mitsui Trust Group Inc. Has $46.30 Million Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Sumitomo Mitsui Trust Group Inc. decreased its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,403 shares of the online travel company's stock after selling 4,206 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of Expedia Group worth $46,295,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Expedia Group in the fourth quarter worth about $670,565,000. Bamco Inc. NY acquired a new stake in shares of Expedia Group in the 4th quarter valued at $80,206,000. Alkeon Capital Management LLC raised its position in shares of Expedia Group by 25.4% during the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock worth $368,276,000 after acquiring an additional 400,000 shares during the last quarter. Bridgewater Associates LP lifted its stake in shares of Expedia Group by 73.4% during the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock valued at $159,175,000 after acquiring an additional 361,543 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Expedia Group by 18,141.9% during the first quarter. GAMMA Investing LLC now owns 353,346 shares of the online travel company's stock valued at $59,397,000 after acquiring an additional 351,409 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EXPE. The Goldman Sachs Group lowered their price target on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Wedbush reiterated a "neutral" rating and set a $165.00 target price (down previously from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Bank of America increased their target price on Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Barclays boosted their target price on Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Finally, Susquehanna reduced their price objective on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $186.08.

Expedia Group Stock Performance

Shares of EXPE stock traded up $6.65 during trading on Thursday, reaching $177.66. 726,263 shares of the company's stock were exchanged, compared to its average volume of 2,183,514. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The firm's fifty day moving average price is $165.89 and its 200-day moving average price is $172.98. Expedia Group, Inc. has a twelve month low of $110.20 and a twelve month high of $207.73. The stock has a market capitalization of $22.58 billion, a PE ratio of 20.95, a PEG ratio of 0.83 and a beta of 1.57.

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

Expedia Group Dividend Announcement

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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's payout ratio is 18.87%.

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.