U S Global Investors Inc. decreased its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 18.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,639 shares of the online travel company's stock after selling 21,010 shares during the quarter. Expedia Group comprises 2.1% of U S Global Investors Inc.'s investment portfolio, making the stock its 15th largest holding. U S Global Investors Inc. owned 0.07% of Expedia Group worth $15,741,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new stake in shares of Expedia Group during the 4th quarter worth about $27,000. Sava Infond d.o.o. bought a new stake in Expedia Group during the fourth quarter worth approximately $28,000. Prudent Man Investment Management Inc. acquired a new position in Expedia Group during the fourth quarter valued at approximately $34,000. Optiver Holding B.V. bought a new position in shares of Expedia Group in the fourth quarter valued at approximately $38,000. Finally, Banque Transatlantique SA bought a new position in shares of Expedia Group in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 90.76% of the company's stock.
Expedia Group Price Performance
Shares of Expedia Group stock traded up $3.96 during trading on Friday, reaching $170.76. The company's stock had a trading volume of 1,866,135 shares, compared to its average volume of 1,903,842. The stock has a 50-day moving average price of $164.74 and a two-hundred day moving average price of $173.28. The stock has a market capitalization of $21.71 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.59. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73.
Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. Expedia Group's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.
Expedia Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Benchmark lowered their target price on shares of Expedia Group from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. The Goldman Sachs Group lowered their price target on Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Bank of America lifted their price objective on Expedia Group from $205.00 to $211.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Susquehanna decreased their target price 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. Finally, Wall Street Zen downgraded Expedia Group from a "buy" rating to a "hold" rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $186.08.
Get Our Latest Stock Report on EXPE
Expedia Group Company 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.
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