Jacobs Levy Equity Management Inc. lessened its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 92.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,011 shares of the online travel company's stock after selling 550,780 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Expedia Group were worth $8,946,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXPE. SRH Advisors LLC purchased a new position in Expedia Group during the fourth quarter valued at $28,000. Sava Infond d.o.o. purchased a new position in shares of Expedia Group in the fourth quarter worth about $28,000. Grove Bank & Trust lifted 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 buying an additional 142 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new position in shares of Expedia Group in the fourth quarter worth about $34,000. Finally, Optiver Holding B.V. purchased a new position in shares of Expedia Group in the fourth quarter worth about $38,000. 90.76% of the stock is owned by hedge funds and other institutional investors.
Expedia Group Stock Up 0.3%
NASDAQ EXPE traded up $0.45 on Friday, hitting $166.66. 1,758,482 shares of the stock were exchanged, compared to its average volume of 1,930,761. 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 fifty-two week low of $107.25 and a fifty-two week high of $207.73. The company has a market cap of $21.48 billion, a PE ratio of 18.42, a PEG ratio of 0.92 and a beta of 1.62. The company has a 50-day moving average price of $160.47 and a 200-day moving average price of $176.04.
Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data 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 return on equity of 52.41% and a net margin of 9.01%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. Sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.
Expedia Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. Expedia Group's dividend payout ratio is presently 18.87%.
Wall Street Analysts Forecast Growth
EXPE has been the topic of several research reports. Morgan Stanley decreased 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. Piper Sandler downgraded shares of Expedia Group from a "neutral" rating to an "underweight" rating and decreased their price target for the stock from $174.00 to $135.00 in a research note on Friday, May 9th. B. Riley reissued a "buy" rating and issued a $235.00 price target (up from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. BMO Capital Markets raised their price target on shares of Expedia Group from $165.00 to $190.00 and gave the stock a "market perform" rating in a research note on Monday, February 10th. Finally, DA Davidson raised their price target on shares of Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of "Moderate Buy" and an average price target of $186.35.
Get Our Latest Report on Expedia Group
Insider Activity at Expedia Group
In related news, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction 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 $15,325,061.40. This represents a 6.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is owned by insiders.
Expedia Group Company Profile
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Free Report)
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.
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