Point72 Asia Singapore Pte. Ltd. Makes New $1.23 Million Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, Holdings Channel.com reports. The firm purchased 6,623 shares of the online travel company’s stock, valued at approximately $1,234,000.

Other institutional investors also recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new position in Expedia Group during the 4th quarter worth approximately $27,000. SRH Advisors LLC bought a new position in Expedia Group in the fourth quarter valued at $28,000. Sava Infond d.o.o. acquired a new stake in Expedia Group in the 4th quarter valued at $28,000. Grove Bank & Trust lifted its position in Expedia Group by 676.2% during the 4th 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. Finally, Prudent Man Investment Management Inc. bought a new stake in Expedia Group during the 4th quarter worth about $34,000. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EXPE. HSBC upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a report on Friday, February 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $210.00 price target (up previously from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. JMP Securities reiterated a “market perform” rating on shares of Expedia Group in a research note on Friday, February 7th. JPMorgan Chase & Co. decreased their target price on shares of Expedia Group from $205.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, Oppenheimer lowered their target price on shares of Expedia Group from $230.00 to $210.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. One 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 given a strong buy rating to the company. According to data from MarketBeat.com, Expedia Group presently has an average rating of “Moderate Buy” and a consensus target price of $187.88.

Expedia Group Price Performance

Shares of EXPE stock opened at $169.22 on Thursday. The business has a fifty day simple moving average of $160.62 and a 200 day simple moving average of $175.82. The company has a market cap of $21.81 billion, a P/E ratio of 18.70, a P/E/G 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 twelve month low of $107.25 and a twelve month high of $207.73.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data 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). The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. Expedia Group’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. On average, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group’s payout ratio is 18.87%.

Insider Activity

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 completion of the transaction, the insider now owns 74,502 shares of the company’s stock, valued at $15,325,061.40. This represents a 6.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.80% of the stock is owned by corporate insiders.

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.