Worldquant Millennium Advisors LLC Increases Position in Expedia Group, Inc. (NASDAQ:EXPE)

Worldquant Millennium Advisors LLC increased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 173.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 144,466 shares of the online travel company's stock after purchasing an additional 91,605 shares during the period. Worldquant Millennium Advisors LLC owned approximately 0.11% of Expedia Group worth $26,918,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in EXPE. Norges Bank purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $670,565,000. Bamco Inc. NY purchased a new position in Expedia Group during the 4th quarter valued at $80,206,000. Alkeon Capital Management LLC grew its position 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 acquiring an additional 400,000 shares during the last quarter. Bridgewater Associates LP lifted its position in shares of 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 purchasing an additional 361,543 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Expedia Group in the fourth quarter worth about $58,367,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Down 1.1%

Shares of NASDAQ EXPE traded down $1.74 during trading hours on Monday, hitting $158.98. 1,269,711 shares of the stock were exchanged, compared to its average volume of 1,936,678. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73. The firm has a fifty day moving average price of $160.35 and a 200-day moving average price of $176.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The company has a market cap of $20.21 billion, a PE ratio of 17.57, 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 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 firm had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.02 billion. During the same period in the prior year, the firm posted $0.21 earnings per share. Expedia Group's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, sell-side analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.01%. Expedia Group's dividend payout ratio (DPR) is 18.87%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Morgan Stanley reduced their price target on shares of 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. JPMorgan Chase & Co. reduced their target price on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Piper Sandler lowered Expedia Group from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $174.00 to $135.00 in a report on Friday, May 9th. B. Riley reissued a "buy" rating and issued a $235.00 price objective (up previously from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $170.00 target price on shares of Expedia Group in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Expedia Group 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.