Invenomic Capital Management LP Lowers Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Invenomic Capital Management LP decreased its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 63.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,099 shares of the online travel company's stock after selling 119,152 shares during the period. Invenomic Capital Management LP owned 0.05% of Expedia Group worth $12,875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank acquired a new stake in Expedia Group during the 4th quarter valued at approximately $670,565,000. Bamco Inc. NY acquired a new stake in shares of Expedia Group during the fourth quarter worth $80,206,000. Alkeon Capital Management LLC raised its stake 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 during the last quarter. Bridgewater Associates LP lifted its holdings in 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 buying an additional 361,543 shares during the period. Finally, Marshall Wace LLP bought a new stake in Expedia Group during the fourth quarter valued at $58,367,000. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. UBS Group lowered their price objective on Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. The Goldman Sachs Group dropped their price target on Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Piper Sandler cut Expedia Group from a "neutral" rating to an "underweight" rating and cut their price target for the stock from $174.00 to $135.00 in a report on Friday, May 9th. Barclays lifted their price objective on shares of Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Finally, Citigroup increased their target price on shares of Expedia Group from $200.00 to $217.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $187.88.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE traded down $0.15 during midday trading on Wednesday, reaching $169.22. 2,124,507 shares of the company traded hands, compared to its average volume of 1,938,867. The firm's fifty day moving average price is $160.62 and its two-hundred day moving average price is $175.82. The firm has a market capitalization of $21.81 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly 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). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. 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 prior year, the company earned $0.21 earnings per share. The company's quarterly revenue was up 3.4% on a year-over-year basis. On average, equities analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the transaction, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.80% of the company's stock.

Expedia Group Company 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.