Worldquant Millennium Advisors LLC Boosts Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Worldquant Millennium Advisors LLC increased its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 173.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,466 shares of the online travel company's stock after acquiring an additional 91,605 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.11% of Expedia Group worth $26,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Minot DeBlois Advisors LLC bought a new stake in Expedia Group during the 4th quarter valued at $27,000. SRH Advisors LLC purchased a new position in shares of Expedia Group in the fourth quarter valued at about $28,000. Sava Infond d.o.o. purchased a new position in shares of Expedia Group in the fourth quarter valued at about $28,000. Grove Bank & Trust grew its stake in shares of Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock worth $30,000 after purchasing an additional 142 shares during the last quarter. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of Expedia Group in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Stock Performance

Shares of EXPE traded down $1.74 during mid-day trading on Friday, hitting $158.98. 1,269,711 shares of the company traded hands, compared to its average volume of 1,933,860. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73. The stock has a market cap of $20.21 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 0.92 and a beta of 1.62. The stock has a 50-day moving average price of $160.35 and a two-hundred day moving average price of $175.96.

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 analysts' consensus estimates 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 quarter last year, the business earned $0.21 earnings per share. The business's quarterly revenue was up 3.4% on a year-over-year basis. Equities analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be paid a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.01%. Expedia Group's payout ratio is presently 18.87%.

Wall Street Analyst Weigh In

EXPE has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price objective on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a report on Friday, May 9th. HSBC upgraded Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 target price for the company in a report on Friday, February 7th. Wells Fargo & Company boosted their price objective on shares of Expedia Group from $143.00 to $149.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Truist Financial lifted their target price on shares of Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. cut 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 note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Expedia Group presently has a consensus rating of "Moderate Buy" and an average price target of $186.35.

Expedia Group 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.