Tidal Investments LLC Sells 7,448 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Tidal Investments LLC cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,861 shares of the online travel company's stock after selling 7,448 shares during the period. Tidal Investments LLC's holdings in Expedia Group were worth $3,887,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EXPE. Minot DeBlois Advisors LLC bought a new stake in shares of Expedia Group in the 4th quarter worth about $27,000. SRH Advisors LLC bought a new position in Expedia Group during the 4th quarter valued at about $28,000. Sava Infond d.o.o. bought a new position in Expedia Group during the 4th quarter valued at about $28,000. Grove Bank & Trust grew its holdings in 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. bought a new position in Expedia Group during the 4th quarter valued at about $34,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Price Performance

Shares of EXPE opened at $162.52 on Wednesday. The company has a 50 day moving average price of $160.64 and a 200-day moving average price of $176.12. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The stock has a market capitalization of $20.66 billion, a PE ratio of 17.96, a PEG ratio of 0.92 and a beta of 1.62. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced 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 52.41% and a net margin of 9.01%. The business had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.02 billion. During the same period in the previous year, the company posted $0.21 EPS. Expedia Group's revenue for the quarter was up 3.4% on a year-over-year basis. Equities analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. Expedia Group's payout ratio is 18.87%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EXPE. Wells Fargo & Company upped their price target on shares of Expedia Group from $143.00 to $149.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. JPMorgan Chase & Co. cut their price target on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Piper Sandler downgraded shares of Expedia Group from a "neutral" rating to an "underweight" rating and cut their price target for the company from $174.00 to $135.00 in a report on Friday, May 9th. The Goldman Sachs Group lowered their price objective 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. Finally, JMP Securities reissued a "market perform" rating on shares of Expedia Group in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seventeen have given 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.com, Expedia Group currently has an average rating of "Moderate Buy" and a consensus target price of $186.35.

Expedia Group 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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