Expedia Group, Inc. (NASDAQ:EXPE) Shares Purchased by Seed Wealth Management Inc.

Seed Wealth Management Inc. raised its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 8.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,250 shares of the online travel company’s stock after purchasing an additional 95 shares during the quarter. Seed Wealth Management Inc.’s holdings in Expedia Group were worth $210,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in EXPE. Norges Bank acquired a new position in shares of Expedia Group in the 4th quarter worth approximately $670,565,000. Bamco Inc. NY acquired a new position in shares of Expedia Group in the 4th quarter worth approximately $80,206,000. Alkeon Capital Management LLC grew its position in shares of Expedia Group by 25.4% in 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 grew its position in shares of Expedia Group by 73.4% in 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, GAMMA Investing LLC grew its position in shares of Expedia Group by 18,141.9% in the 1st quarter. GAMMA Investing LLC now owns 353,346 shares of the online travel company’s stock worth $59,397,000 after acquiring an additional 351,409 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $161.99 on Wednesday. Expedia Group, Inc. has a 52-week low of $110.20 and a 52-week high of $207.73. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $20.59 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 0.79 and a beta of 1.59. The stock’s fifty day simple moving average is $162.52 and its 200 day simple moving average is $174.41.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The business 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 posted $0.21 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. Expedia Group’s dividend payout ratio is 18.87%.

Analyst Upgrades and Downgrades

EXPE has been the subject of a number of analyst reports. Piper Sandler lowered Expedia Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $174.00 to $135.00 in a research report on Friday, May 9th. Benchmark reduced their price objective on Expedia Group from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Morgan Stanley cut their target price on Expedia Group from $190.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group cut their target price on Expedia Group from $219.00 to $183.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Finally, UBS Group cut their target price on Expedia Group from $194.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. One equities 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $186.35.

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.