Tidal Investments LLC cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 26.3% in the 4th quarter, according to its most recent Form 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.
Other hedge funds have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new position in shares of Expedia Group in the fourth quarter worth about $27,000. SRH Advisors LLC bought a new position in Expedia Group during the 4th quarter worth approximately $28,000. Sava Infond d.o.o. purchased a new position in Expedia Group in the 4th quarter worth approximately $28,000. Grove Bank & Trust lifted its position in Expedia Group by 676.2% in the fourth 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. purchased a new stake in shares of Expedia Group during the fourth quarter valued at approximately $34,000. 90.76% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on EXPE shares. JPMorgan Chase & Co. lowered their price target 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. Oppenheimer lowered their price objective on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Cantor Fitzgerald reiterated a "neutral" rating and set a $170.00 target price on shares of Expedia Group in a report on Thursday, May 15th. BMO Capital Markets boosted their price target on Expedia Group from $165.00 to $190.00 and gave the company a "market perform" rating in a report on Monday, February 10th. Finally, Bank of America upped their price target on Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Expedia Group has an average rating of "Moderate Buy" and a consensus target price of $186.35.
Check Out Our Latest Analysis on EXPE
Expedia Group Stock Down 1.1%
Shares of EXPE traded down $1.74 during trading hours on Monday, hitting $158.98. The company had a trading volume of 1,269,711 shares, compared to its average volume of 1,936,678. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 0.92 and a beta of 1.62. The firm has a fifty day moving average price of $160.35 and a 200-day moving average price of $176.01. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73. 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 issued its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) 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 firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the company posted $0.21 EPS. The company's quarterly revenue was up 3.4% on a year-over-year basis. On average, equities research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.
Expedia Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.01%. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.
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.
Read More
Before you consider Expedia Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Expedia Group wasn't on the list.
While Expedia Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
