Expedia Group, Inc. (NASDAQ:EXPE) Shares Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC lifted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,305 shares of the online travel company's stock after buying an additional 12,622 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.05% of Expedia Group worth $12,355,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Expedia Group during the fourth quarter worth approximately $670,565,000. Bamco Inc. NY purchased a new stake in Expedia Group in the 4th quarter valued at $80,206,000. Alkeon Capital Management LLC grew its holdings in Expedia Group by 25.4% in 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 buying an additional 400,000 shares in the last quarter. Bridgewater Associates LP grew its holdings in Expedia Group by 73.4% in the 4th 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 in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Expedia Group in the 4th quarter valued at $58,367,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Up 3.8%

EXPE stock traded up $6.01 during mid-day trading on Tuesday, reaching $164.99. The company had a trading volume of 2,173,556 shares, compared to its average volume of 1,937,625. 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 has a market capitalization of $20.97 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The firm has a fifty day simple moving average of $160.08 and a 200 day simple moving average of $175.85. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73.

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). The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. Expedia Group's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 EPS. Analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders 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 dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

Analyst Upgrades and Downgrades

EXPE has been the subject of several analyst reports. Wall Street Zen cut Expedia Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 16th. Citigroup upped their price target on Expedia Group from $200.00 to $217.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. DA Davidson upped their price target on Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. The Goldman Sachs Group decreased their price target on Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Expedia Group in a research note on Friday, February 7th. One 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.com, Expedia Group has a consensus rating of "Moderate Buy" and a consensus price target of $186.35.

Expedia Group Company 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.