Y Intercept Hong Kong Ltd Makes New $3.61 Million Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Y Intercept Hong Kong Ltd acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 21,449 shares of the online travel company's stock, valued at approximately $3,606,000.

Several other hedge funds and other institutional investors also recently modified their holdings of EXPE. Minot DeBlois Advisors LLC purchased a new stake in Expedia Group in the fourth quarter worth about $27,000. Sava Infond d.o.o. purchased a new stake in Expedia Group in the fourth quarter worth about $28,000. Prudent Man Investment Management Inc. purchased a new stake in Expedia Group in the fourth quarter worth about $34,000. Park Square Financial Group LLC purchased a new stake in Expedia Group in the first quarter worth about $34,000. Finally, Optiver Holding B.V. purchased a new stake in Expedia Group in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Bank of America upped their price objective on shares of Expedia Group from $205.00 to $211.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Truist Financial cut their price objective on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a report on Tuesday, June 24th. UBS Group cut their price objective on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Piper Sandler cut shares of Expedia Group from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $174.00 to $135.00 in a report on Friday, May 9th. Finally, The Goldman Sachs Group dropped their target price on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $188.92.

Expedia Group Price Performance

EXPE traded down $2.93 during trading on Friday, hitting $187.55. 544,025 shares of the company traded hands, compared to its average volume of 2,097,996. The company has a market cap of $23.84 billion, a PE ratio of 22.11, a P/E/G ratio of 0.92 and a beta of 1.57. The stock's 50-day simple moving average is $171.98 and its two-hundred day simple moving average is $172.66. Expedia Group, Inc. has a 1 year low of $110.20 and a 1 year high of $207.73. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its 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 company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The business's revenue 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. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.85%. Expedia Group's 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.