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

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

Several other hedge funds and other institutional investors also recently modified their holdings of EXPE. Norges Bank acquired a new position in Expedia Group during the fourth quarter worth $670,565,000. Bamco Inc. NY acquired a new position in shares of Expedia Group in the fourth quarter worth $80,206,000. Alkeon Capital Management LLC grew its position in shares of 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 grew its position 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 purchasing an additional 361,543 shares during the period. Finally, GAMMA Investing LLC grew its position in Expedia Group by 18,141.9% during the first quarter. GAMMA Investing LLC now owns 353,346 shares of the online travel company's stock valued at $59,397,000 after acquiring an additional 351,409 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Price Performance

NASDAQ:EXPE traded up $6.91 during trading hours on Thursday, reaching $183.00. The company had a trading volume of 1,827,569 shares, compared to its average volume of 1,901,120. The stock has a 50-day moving average of $167.62 and a two-hundred day moving average of $172.85. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73. The firm has a market capitalization of $23.26 billion, a PE ratio of 21.58, a PEG ratio of 0.85 and a beta of 1.57. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). The business had revenue of $2.99 billion during 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%. Expedia Group's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. Analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's dividend payout ratio is 18.87%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EXPE shares. Morgan Stanley decreased their target price on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Piper Sandler lowered Expedia Group from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $174.00 to $135.00 in a report on Friday, May 9th. Oppenheimer cut their target price on Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Wells Fargo & Company upped their price target on Expedia Group from $149.00 to $178.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, JPMorgan Chase & Co. dropped their target price on Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $187.19.

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.