USS Investment Management Ltd reduced its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 22.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,610 shares of the online travel company's stock after selling 6,288 shares during the period. USS Investment Management Ltd's holdings in Expedia Group were worth $4,028,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Handelsbanken Fonder AB increased its stake in Expedia Group by 17.8% in the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company's stock valued at $5,729,000 after purchasing an additional 4,656 shares in the last quarter. Teamwork Financial Advisors LLC purchased a new position in Expedia Group in the 4th quarter valued at approximately $1,791,000. Clare Market Investments LLC purchased a new position in Expedia Group in the 4th quarter valued at approximately $319,000. Nisa Investment Advisors LLC increased its stake in Expedia Group by 17.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company's stock valued at $11,180,000 after purchasing an additional 9,086 shares in the last quarter. Finally, Cigna Investments Inc. New purchased a new position in Expedia Group in the 4th quarter valued at approximately $238,000. 90.76% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. BMO Capital Markets raised their price objective 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. Bank of America increased their target price on Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a report on Friday, May 9th. Wells Fargo & Company increased their target price on Expedia Group from $143.00 to $149.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Wedbush reiterated a "neutral" rating and set a $165.00 target price (down previously from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Finally, JMP Securities reiterated a "market perform" rating on shares of Expedia Group in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Expedia Group presently has an average rating of "Moderate Buy" and a consensus price target of $186.35.
View Our Latest Stock Report on Expedia Group
Expedia Group Trading Up 1.3%
EXPE stock traded up $2.11 during trading on Wednesday, reaching $167.10. 442,867 shares of the stock traded hands, compared to its average volume of 1,931,809. The business's 50 day moving average price is $159.91 and its 200-day moving average price is $175.78. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $21.24 billion, a PE ratio of 18.46, a P/E/G ratio of 0.92 and a beta of 1.62.
Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly 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 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 analysts' expectations of $3.02 billion. During the same period last year, the firm posted $0.21 EPS. Expedia Group's revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.
Expedia Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group's dividend payout ratio is presently 18.87%.
About Expedia Group
(
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.
See Also
Before you consider Expedia Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Expedia Group wasn't on the list.
While Expedia Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
