Twinbeech Capital LP Invests $12.39 Million in Expedia Group, Inc. (NASDAQ:EXPE)

Twinbeech Capital LP purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 66,493 shares of the online travel company's stock, valued at approximately $12,390,000. Twinbeech Capital LP owned approximately 0.05% of Expedia Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. TrinityPoint Wealth LLC purchased a new stake in shares of Expedia Group during the 4th quarter worth $208,000. True Wealth Design LLC lifted its stake in shares of Expedia Group by 668.2% during the 4th quarter. True Wealth Design LLC now owns 338 shares of the online travel company's stock worth $63,000 after purchasing an additional 294 shares during the last quarter. Stanley Capital Management LLC purchased a new stake in shares of Expedia Group during the 4th quarter worth $12,043,000. Strategic Global Advisors LLC lifted its stake in shares of Expedia Group by 3.9% during the 4th quarter. Strategic Global Advisors LLC now owns 17,095 shares of the online travel company's stock worth $3,185,000 after purchasing an additional 638 shares during the last quarter. Finally, Snowden Capital Advisors LLC lifted its stake in shares of Expedia Group by 3.9% during the 4th quarter. Snowden Capital Advisors LLC now owns 5,979 shares of the online travel company's stock worth $1,114,000 after purchasing an additional 227 shares during the last quarter. Institutional investors own 90.76% of the company's stock.

Expedia Group Stock Down 0.7%

Expedia Group stock opened at $165.49 on Tuesday. The stock has a market capitalization of $21.32 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73. The business has a 50 day simple moving average of $160.53 and a 200-day simple moving average of $176.22. 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 posted its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). The business had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. On average, analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EXPE. Truist Financial upped their price objective on Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a research note on Wednesday, March 12th. Susquehanna decreased their price target on Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. BMO Capital Markets increased their price target on Expedia Group from $165.00 to $190.00 and gave the company a "market perform" rating in a research note on Monday, February 10th. Oppenheimer decreased their price target on Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Finally, StockNews.com cut Expedia Group from a "strong-buy" rating to a "buy" rating in a research note on Friday. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $186.35.

Insider Activity

In other news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the sale, the insider now directly owns 74,502 shares of the company's stock, valued at $15,325,061.40. The trade was a 6.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.80% of the company's stock.

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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