Point72 Italy S.r.l. Makes New $2.93 Million Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Point72 Italy S.r.l. bought a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 15,700 shares of the online travel company's stock, valued at approximately $2,925,000. Expedia Group makes up approximately 1.6% of Point72 Italy S.r.l.'s investment portfolio, making the stock its 18th biggest position.

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

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the sale, the insider now owns 74,502 shares in the company, valued at approximately $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 can be accessed through the SEC website. 6.80% of the stock is owned by insiders.

Expedia Group Price Performance

EXPE stock traded up $0.45 on Friday, hitting $166.66. 1,758,482 shares of the company's stock traded hands, compared to its average volume of 1,930,761. 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 $21.48 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 0.92 and a beta of 1.62. The stock has a fifty day moving average of $160.47 and a 200-day moving average of $176.04. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS 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 business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the company earned $0.21 earnings per share. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company 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. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Truist Financial boosted their target price on Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a research report on Wednesday, March 12th. Barclays boosted their target price on Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. HSBC raised Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 target price on the stock in a research report on Friday, February 7th. UBS Group dropped their price target 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. Finally, Benchmark dropped their price target 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. One 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.