Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 22.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,610 shares of the online travel company's stock after selling 6,288 shares during the quarter. USS Investment Management Ltd's holdings in Expedia Group were worth $4,028,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Expedia Group in the fourth quarter worth about $670,565,000. Bamco Inc. NY purchased a new stake in shares of Expedia Group during the 4th quarter worth approximately $80,206,000. Alkeon Capital Management LLC boosted its position in shares of Expedia Group by 25.4% during the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after acquiring an additional 400,000 shares during the last quarter. Bridgewater Associates LP grew its holdings in shares of Expedia Group by 73.4% in the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock valued at $159,175,000 after purchasing an additional 361,543 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Expedia Group in the fourth quarter valued at $58,367,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Stock Up 3.6%

NASDAQ EXPE traded up $5.74 during midday trading on Tuesday, hitting $164.72. 1,060,912 shares of the company traded hands, compared to its average volume of 1,933,583. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73. The company's 50-day simple moving average is $160.08 and its 200-day simple moving average is $175.85. The company has a market cap of $20.94 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. 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 issued its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the business earned $0.21 EPS. Expedia Group's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, equities research 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 declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be issued 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 is currently 18.87%.

Analysts Set New Price Targets

Several research firms have commented on EXPE. Barclays increased their price objective on shares of Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Morgan Stanley dropped their target price on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Wall Street Zen lowered Expedia Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 16th. JMP Securities reaffirmed a "market perform" rating on shares of Expedia Group in a research note on Friday, February 7th. Finally, Susquehanna cut their price objective on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Expedia Group currently has a consensus rating of "Moderate Buy" and a consensus target price 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.