Walter Public Investments Inc. Buys 4,050 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Walter Public Investments Inc. increased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 5.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,574 shares of the online travel company's stock after acquiring an additional 4,050 shares during the period. Expedia Group comprises approximately 2.4% of Walter Public Investments Inc.'s holdings, making the stock its 23rd largest holding. Walter Public Investments Inc. owned approximately 0.06% of Expedia Group worth $12,872,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Norges Bank bought a new stake in Expedia Group during the 4th quarter worth approximately $670,565,000. Geode Capital Management LLC grew its position in Expedia Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock worth $600,750,000 after acquiring an additional 30,163 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Expedia Group by 6.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock worth $439,808,000 after acquiring an additional 150,480 shares during the last quarter. Alkeon Capital Management LLC grew its position in 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 worth $368,276,000 after acquiring an additional 400,000 shares during the last quarter. Finally, Lyrical Asset Management LP grew its position in Expedia Group by 1.7% during the 4th quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company's stock worth $328,591,000 after acquiring an additional 28,736 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Cantor Fitzgerald reiterated a "neutral" rating and issued a $170.00 price objective on shares of Expedia Group in a research report on Thursday, May 15th. Barclays increased their price objective on Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Susquehanna decreased their price objective on Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Morgan Stanley cut 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. Finally, Truist Financial cut their price target on Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research note on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $187.19.

Expedia Group Stock Performance

Expedia Group stock traded down $1.46 during trading hours on Wednesday, hitting $176.09. The company had a trading volume of 1,272,280 shares, compared to its average volume of 1,900,138. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73. The firm has a market cap of $22.38 billion, a PE ratio of 20.77, a PEG ratio of 0.85 and a beta of 1.57. The firm has a 50-day moving average of $167.24 and a 200 day moving average of $172.83. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. On average, sell-side analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's dividend payout ratio is 18.87%.

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.