Point72 Asia Singapore Pte. Ltd. Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,623 shares of the online travel company’s stock, valued at approximately $1,234,000.

A number of other institutional investors have also added to or reduced their stakes in EXPE. Redwood Investment Management LLC increased its position in shares of Expedia Group by 185.6% during the fourth quarter. Redwood Investment Management LLC now owns 10,100 shares of the online travel company’s stock valued at $1,882,000 after purchasing an additional 6,564 shares during the period. Point72 Asset Management L.P. bought a new stake in Expedia Group in the 4th quarter valued at $2,949,000. Point72 Italy S.r.l. bought a new stake in Expedia Group in the 4th quarter valued at $2,925,000. ProShare Advisors LLC raised its stake in shares of Expedia Group by 13.5% in the 4th quarter. ProShare Advisors LLC now owns 17,850 shares of the online travel company’s stock valued at $3,326,000 after buying an additional 2,122 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Expedia Group by 120.8% during the 4th quarter. Quantinno Capital Management LP now owns 71,129 shares of the online travel company’s stock worth $13,253,000 after acquiring an additional 38,919 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Performance

Shares of EXPE stock opened at $169.22 on Thursday. The stock has a market cap of $21.81 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The stock has a 50-day moving average of $160.62 and a 200-day moving average of $175.82. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick 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 issued 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). The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. As a group, sell-side analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The company also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, May 29th. Expedia Group’s dividend payout ratio is currently 18.87%.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the 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 sale, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXPE. Benchmark lowered their target price on shares of Expedia Group from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Bank of America increased their target price on Expedia Group from $205.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $210.00 price target (up previously from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. JMP Securities reiterated a “market perform” rating on shares of Expedia Group in a research report on Friday, February 7th. Finally, Piper Sandler lowered Expedia Group from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $174.00 to $135.00 in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $187.88.

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.