Css LLC Il Lowers Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Css LLC Il reduced its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 29.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,180 shares of the online travel company’s stock after selling 4,320 shares during the period. Css LLC Il’s holdings in Expedia Group were worth $1,897,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EXPE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Expedia Group by 7.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 839,606 shares of the online travel company’s stock valued at $156,444,000 after buying an additional 58,927 shares during the last quarter. Voloridge Investment Management LLC increased its holdings in shares of Expedia Group by 23.5% in the fourth quarter. Voloridge Investment Management LLC now owns 66,305 shares of the online travel company’s stock valued at $12,355,000 after purchasing an additional 12,622 shares during the period. Worldquant Millennium Advisors LLC raised its position in Expedia Group by 173.3% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 144,466 shares of the online travel company’s stock worth $26,918,000 after buying an additional 91,605 shares during the last quarter. Woodline Partners LP acquired a new stake in Expedia Group in the fourth quarter valued at about $34,359,000. Finally, iSAM Funds UK Ltd acquired a new position in Expedia Group during the fourth quarter worth $266,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $162.52 on Wednesday. The business’s 50-day simple moving average is $160.64 and its 200 day simple moving average is $176.12. The company has a market cap of $20.66 billion, a P/E ratio of 17.96, a PEG ratio of 0.92 and a beta of 1.62. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73.

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

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. Expedia Group’s dividend payout ratio is presently 18.87%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EXPE shares. Truist Financial boosted their price target on Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, March 12th. Wedbush restated a “neutral” rating and set a $165.00 target price (down from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Wells Fargo & Company increased their price target on shares of Expedia Group from $143.00 to $149.00 and gave the company an “equal weight” rating in a research report on Friday, May 9th. Cantor Fitzgerald reissued a “neutral” rating and set a $170.00 price objective on shares of Expedia Group in a research note on Thursday, May 15th. Finally, BMO Capital Markets upped their target price on Expedia Group from $165.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $186.35.

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.