Versant Capital Management Inc Has $427,000 Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Versant Capital Management Inc lifted its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 354.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,542 shares of the online travel company's stock after acquiring an additional 1,983 shares during the period. Versant Capital Management Inc's holdings in Expedia Group were worth $427,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the business. Greenleaf Trust grew its holdings in shares of Expedia Group by 2.5% during the 4th quarter. Greenleaf Trust now owns 2,520 shares of the online travel company's stock worth $470,000 after purchasing an additional 61 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of Expedia Group by 1.8% during the 4th quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company's stock worth $773,000 after purchasing an additional 74 shares in the last quarter. Diametric Capital LP grew its holdings in shares of Expedia Group by 1.6% during the 4th quarter. Diametric Capital LP now owns 4,737 shares of the online travel company's stock worth $883,000 after purchasing an additional 74 shares in the last quarter. Foyston Gordon & Payne Inc grew its holdings in shares of Expedia Group by 0.3% during the 4th quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock worth $4,124,000 after purchasing an additional 74 shares in the last quarter. Finally, Ascent Group LLC grew its holdings in shares of Expedia Group by 3.2% during the 4th quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock worth $453,000 after purchasing an additional 76 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Expedia Group Stock Up 0.9%

Shares of EXPE traded up $1.45 on Tuesday, hitting $168.62. The company's stock had a trading volume of 1,839,560 shares, compared to its average volume of 1,933,934. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The firm's fifty day moving average price is $159.19 and its 200-day moving average price is $175.30. Expedia Group, Inc. has a fifty-two week low of $110.20 and a fifty-two week high of $207.73. The firm has a market capitalization of $21.44 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 0.92 and a beta of 1.62.

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 (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Expedia Group's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is currently 18.87%.

Analysts Set New Price Targets

EXPE has been the topic of several recent research reports. Wells Fargo & Company lifted their price objective on Expedia Group from $143.00 to $149.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Wall Street Zen lowered Expedia Group from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 16th. Truist Financial boosted their price target on Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a research note on Wednesday, March 12th. B. Riley reaffirmed a "buy" rating and issued a $235.00 price target (up previously from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Finally, Morgan Stanley decreased their price target on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. 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 company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $186.35.

About Expedia Group

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.