Expedia Group, Inc. (NASDAQ:EXPE) Shares Purchased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. lifted its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 8.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,591 shares of the online travel company’s stock after purchasing an additional 127 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Expedia Group were worth $267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXPE. Norges Bank acquired a new position in Expedia Group in the fourth quarter valued at $670,565,000. Geode Capital Management LLC lifted its position in Expedia Group by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company’s stock worth $600,750,000 after buying an additional 30,163 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Expedia Group by 6.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company’s stock valued at $439,808,000 after acquiring an additional 150,480 shares during the last quarter. Alkeon Capital Management LLC boosted its position in shares of Expedia Group by 25.4% in the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company’s stock worth $368,276,000 after buying an additional 400,000 shares during the period. Finally, Lyrical Asset Management LP grew its stake in Expedia Group by 1.7% during the 4th quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company’s stock valued at $328,591,000 after purchasing an additional 28,736 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Stock Up 2.1%

NASDAQ EXPE opened at $182.08 on Friday. The company’s 50 day simple moving average is $169.70 and its 200 day simple moving average is $172.56. The company has a market capitalization of $23.15 billion, a P/E ratio of 21.47, a PEG ratio of 0.85 and a beta of 1.57. Expedia Group, Inc. has a 12 month low of $110.20 and a 12 month high of $207.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data 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 return on equity of 52.60% and a net margin of 8.48%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the company earned $0.21 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. Equities research analysts expect 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 was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.88%. Expedia Group’s dividend payout ratio is presently 18.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Truist Financial decreased their target price on shares of Expedia Group from $175.00 to $168.00 and set a “hold” rating for the company in a research note on Tuesday, June 24th. Benchmark lowered their price objective on Expedia Group from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Cantor Fitzgerald restated a “neutral” rating and issued a $170.00 price target on shares of Expedia Group in a research report on Thursday, May 15th. UBS Group decreased their price target on Expedia Group from $194.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Finally, Bank of America upped their price target on shares of Expedia Group from $205.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Expedia Group has a consensus rating of “Moderate Buy” and an average target price of $187.19.

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.