Vise Technologies Inc. Raises Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Vise Technologies Inc. raised its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 170.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,342 shares of the online travel company's stock after buying an additional 2,738 shares during the quarter. Vise Technologies Inc.'s holdings in Expedia Group were worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Expedia Group in the 4th quarter valued at $670,565,000. Bamco Inc. NY acquired a new position in Expedia Group in the fourth quarter valued at $80,206,000. Alkeon Capital Management LLC increased its stake in Expedia Group by 25.4% in the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after purchasing an additional 400,000 shares during the period. Bridgewater Associates LP raised 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 buying an additional 361,543 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Expedia Group during the fourth quarter worth about $58,367,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Price Performance

NASDAQ EXPE traded up $2.70 during trading hours on Wednesday, reaching $167.69. The company's stock had a trading volume of 1,575,003 shares, compared to its average volume of 1,934,786. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The company's 50-day moving average is $159.91 and its two-hundred day moving average is $175.78. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The stock has a market cap of $21.32 billion, a PE ratio of 18.53, a PEG ratio of 0.92 and a beta of 1.62.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 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 company earned $0.21 earnings per share. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. Analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The business 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 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group's payout ratio is 18.87%.

Analyst Ratings Changes

Several analysts have commented on EXPE shares. UBS Group reduced their price objective on Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Wedbush reissued a "neutral" rating and issued a $165.00 target price (down previously from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Oppenheimer decreased their price target on Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Wall Street Zen lowered shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 16th. Finally, Susquehanna cut their price objective on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.