Convergence Investment Partners LLC Has $745,000 Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Convergence Investment Partners LLC trimmed its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 46.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,429 shares of the online travel company’s stock after selling 3,887 shares during the period. Convergence Investment Partners LLC’s holdings in Expedia Group were worth $745,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EXPE. Brighton Jones LLC acquired a new stake in Expedia Group in the fourth quarter valued at $408,000. Prudential Financial Inc. grew its holdings in Expedia Group by 26.3% during the 4th quarter. Prudential Financial Inc. now owns 102,990 shares of the online travel company’s stock worth $19,190,000 after acquiring an additional 21,426 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Expedia Group by 2.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 181,892 shares of the online travel company’s stock worth $33,892,000 after acquiring an additional 4,311 shares during the period. Ausdal Financial Partners Inc. acquired a new stake in Expedia Group during the 4th quarter worth about $230,000. Finally, Banco BTG Pactual S.A. acquired a new stake in Expedia Group during the 4th quarter worth about $436,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EXPE shares. Benchmark reiterated a “buy” rating on shares of Expedia Group in a research note on Wednesday. UBS Group cut their price target on Expedia Group from $194.00 to $170.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Truist Financial cut their price target on Expedia Group from $175.00 to $168.00 and set a “hold” rating for the company in a research note on Tuesday, June 24th. The Goldman Sachs Group dropped their target price on shares of Expedia Group from $219.00 to $183.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Finally, Wall Street Zen cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Sunday. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $188.92.

Expedia Group Price Performance

EXPE stock opened at $192.19 on Thursday. Expedia Group, Inc. has a 12-month low of $110.20 and a 12-month high of $207.73. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. The firm’s 50-day moving average price is $171.49 and its two-hundred day moving average price is $172.62. The stock has a market capitalization of $24.43 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 0.91 and a beta of 1.57.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. Expedia Group’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group’s dividend payout ratio (DPR) is presently 18.87%.

About Expedia Group

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.