Twinbeech Capital LP Buys Shares of 66,493 Expedia Group, Inc. (NASDAQ:EXPE)

Twinbeech Capital LP purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 66,493 shares of the online travel company's stock, valued at approximately $12,390,000. Twinbeech Capital LP owned 0.05% of Expedia Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPE. Park Avenue Securities LLC lifted its stake in shares of Expedia Group by 29.5% in the fourth quarter. Park Avenue Securities LLC now owns 3,709 shares of the online travel company's stock worth $691,000 after buying an additional 845 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in Expedia Group during the fourth quarter worth about $207,000. Merit Financial Group LLC acquired a new stake in shares of Expedia Group during the fourth quarter valued at about $484,000. Aaron Wealth Advisors LLC purchased a new stake in Expedia Group during the 4th quarter worth approximately $362,000. Finally, Oak Ridge Investments LLC increased its stake in Expedia Group by 4.4% during the 4th quarter. Oak Ridge Investments LLC now owns 4,025 shares of the online travel company's stock worth $750,000 after buying an additional 171 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Trading Down 1.1%

Shares of EXPE traded down $1.74 during mid-day trading on Friday, hitting $158.98. The company had a trading volume of 1,269,711 shares, compared to its average volume of 1,936,678. The business's 50-day simple moving average is $160.35 and its 200-day simple moving average is $175.99. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $207.73. The stock has a market cap of $20.21 billion, a PE ratio of 17.57, a P/E/G ratio of 0.92 and a beta of 1.62.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released 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 company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the business posted $0.21 earnings per share. Expedia Group's revenue was up 3.4% on a year-over-year basis. Sell-side analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders 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 dividend yield of 1.01%. Expedia Group's payout ratio is currently 18.87%.

Analyst Ratings Changes

Several brokerages have recently issued reports on EXPE. Wall Street Zen cut shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 16th. Hsbc Global Res upgraded shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 7th. Truist Financial increased their price target on shares of Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a research note on Wednesday, March 12th. JPMorgan Chase & Co. decreased their price target on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Wedbush restated a "neutral" rating and set a $165.00 price objective (down previously from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.