WBI Investments LLC bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,084 shares of the online travel company's stock, valued at approximately $1,879,000.
A number of other large investors have also recently added to or reduced their stakes in EXPE. Norges Bank bought a new stake in Expedia Group during the fourth quarter worth approximately $670,565,000. Bamco Inc. NY bought a new stake in Expedia Group during the fourth quarter worth approximately $80,206,000. Alkeon Capital Management LLC boosted its holdings in Expedia Group by 25.4% during the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock worth $368,276,000 after buying an additional 400,000 shares in the last quarter. Bridgewater Associates LP boosted its holdings in Expedia Group by 73.4% during the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock worth $159,175,000 after buying an additional 361,543 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Expedia Group in the 4th quarter worth approximately $58,367,000. 90.76% of the stock is currently owned by institutional investors.
Expedia Group Stock Performance
EXPE traded up $1.38 during trading on Thursday, hitting $160.72. The stock had a trading volume of 2,635,260 shares, compared to its average volume of 1,936,507. The firm has a market cap of $20.43 billion, a PE ratio of 17.76, a P/E/G ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The company has a 50 day simple moving average of $160.58 and a 200-day simple moving average of $176.01.
Expedia Group (NASDAQ:EXPE - Get Free Report) last posted 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 return on equity of 52.41% and a net margin of 9.01%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the firm posted $0.21 EPS. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. Analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.
Expedia Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. DA Davidson raised their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Benchmark decreased their target price on shares of Expedia Group from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Friday, May 9th. The Goldman Sachs Group decreased their target price on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Susquehanna decreased their target price on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. Finally, UBS Group decreased their target price on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $186.35.
Get Our Latest Stock Report on Expedia Group
About Expedia Group
(
Free Report)
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.
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