Twinbeech Capital LP Takes $12.39 Million Position in Expedia Group, Inc. (NASDAQ:EXPE)

Twinbeech Capital LP purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 66,493 shares of the online travel company’s stock, valued at approximately $12,390,000.

Several other large investors have also modified their holdings of EXPE. Norges Bank acquired a new position in shares of Expedia Group in the 4th quarter valued at $670,565,000. Bamco Inc. NY acquired a new position in shares of Expedia Group in the 4th quarter valued at $80,206,000. Alkeon Capital Management LLC lifted its stake in Expedia Group by 25.4% during the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company’s stock worth $368,276,000 after acquiring an additional 400,000 shares in the last quarter. Bridgewater Associates LP lifted its stake in Expedia Group by 73.4% during the 4th quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company’s stock worth $159,175,000 after acquiring an additional 361,543 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Expedia Group during the 4th quarter valued at about $58,367,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analysts Set New Price Targets

EXPE has been the topic of a number of recent research reports. BMO Capital Markets boosted 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. B. Riley reissued a “buy” rating and set a $235.00 price target (up previously from $220.00) on shares of Expedia Group in a research report on Friday, February 7th. Citigroup increased their price target on shares of Expedia Group from $200.00 to $217.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Cantor Fitzgerald reissued a “neutral” rating and set a $170.00 price target on shares of Expedia Group in a research report on Thursday, May 15th. Finally, Wells Fargo & Company increased their price target on shares of Expedia Group from $143.00 to $149.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Expedia Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.35.

Expedia Group Stock Down 0.7%

Shares of NASDAQ EXPE opened at $165.49 on Tuesday. The stock has a market cap of $21.32 billion, a PE ratio of 18.29, a price-to-earnings-growth 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 52-week low of $107.25 and a 52-week high of $207.73. The business has a 50-day moving average price of $160.53 and a 200 day moving average price of $176.22.

Expedia Group (NASDAQ:EXPE) last announced its earnings results 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 during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. Equities research analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. Expedia Group’s dividend payout ratio (DPR) is presently 18.87%.

Insider Activity at Expedia Group

In related 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 sale, the insider now directly 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 through the SEC website. Insiders own 6.80% of the company’s stock.

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.