Tran Capital Management L.P. Decreases Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Tran Capital Management L.P. lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,908 shares of the online travel company's stock after selling 4,591 shares during the quarter. Expedia Group makes up approximately 1.4% of Tran Capital Management L.P.'s investment portfolio, making the stock its 26th largest position. Tran Capital Management L.P.'s holdings in Expedia Group were worth $10,743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. increased its holdings in Expedia Group by 14.1% in the first quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock valued at $94,000 after purchasing an additional 69 shares during the period. Metis Global Partners LLC increased its holdings in Expedia Group by 1.8% in the fourth quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company's stock valued at $773,000 after purchasing an additional 74 shares during the period. Diametric Capital LP increased its holdings in Expedia Group by 1.6% in the fourth quarter. Diametric Capital LP now owns 4,737 shares of the online travel company's stock valued at $883,000 after purchasing an additional 74 shares during the period. Foyston Gordon & Payne Inc increased its holdings in Expedia Group by 0.3% in the fourth quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock valued at $4,124,000 after purchasing an additional 74 shares during the period. Finally, Ascent Group LLC increased its holdings in Expedia Group by 3.2% in the fourth quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock valued at $453,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Cantor Fitzgerald reiterated a "neutral" rating and set a $170.00 price target on shares of Expedia Group in a report on Thursday, May 15th. Wall Street Zen downgraded Expedia Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 16th. Barclays increased their price target on Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Bank of America increased their price target on Expedia Group from $205.00 to $211.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Benchmark dropped their price target on shares of Expedia Group from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Expedia Group presently has an average rating of "Moderate Buy" and a consensus price target of $186.35.

Expedia Group Price Performance

Shares of EXPE stock traded down $1.62 on Thursday, hitting $171.70. 1,033,647 shares of the stock traded hands, compared to its average volume of 1,913,823. The firm has a market cap of $21.83 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 0.92 and a beta of 1.59. Expedia Group, Inc. has a 52 week low of $110.20 and a 52 week high of $207.73. The firm has a 50 day simple moving average of $160.74 and a two-hundred day simple moving average of $175.00. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data 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). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be paid a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. Expedia Group's dividend payout ratio is currently 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.