Flossbach Von Storch AG cut its stake in shares of Expedia Group Inc (NASDAQ:EXPE) by 36.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 328,333 shares of the online travel company’s stock after selling 185,582 shares during the quarter. Flossbach Von Storch AG’s holdings in Expedia Group were worth $42,841,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in EXPE. Artisan Partners Limited Partnership lifted its holdings in Expedia Group by 324.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 5,445,867 shares of the online travel company’s stock worth $654,539,000 after buying an additional 4,163,557 shares during the period. ANTIPODES PARTNERS Ltd bought a new position in shares of Expedia Group in the 2nd quarter worth about $82,965,000. Morgan Stanley raised its position in shares of Expedia Group by 128.4% in the 2nd quarter. Morgan Stanley now owns 979,095 shares of the online travel company’s stock worth $117,678,000 after acquiring an additional 550,396 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of Expedia Group by 211.2% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 337,077 shares of the online travel company’s stock worth $40,513,000 after acquiring an additional 228,762 shares in the last quarter. Finally, Dorsal Capital Management LLC raised its position in shares of Expedia Group by 50.0% in the 2nd quarter. Dorsal Capital Management LLC now owns 600,000 shares of the online travel company’s stock worth $72,114,000 after acquiring an additional 200,000 shares in the last quarter. 79.19% of the stock is currently owned by hedge funds and other institutional investors.
EXPE has been the subject of several research analyst reports. Zacks Investment Research raised Expedia Group from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Wednesday, August 1st. SunTrust Banks reissued a “buy” rating and issued a $180.00 price objective on shares of Expedia Group in a research report on Wednesday, September 5th. Deutsche Bank lowered their price objective on Expedia Group from $147.00 to $146.00 and set a “buy” rating for the company in a research report on Tuesday, October 23rd. Cowen set a $135.00 price objective on Expedia Group and gave the stock a “buy” rating in a research report on Monday, October 22nd. Finally, Oppenheimer set a $155.00 price objective on Expedia Group and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Twelve research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Expedia Group currently has a consensus rating of “Buy” and a consensus price target of $147.67.
Shares of Expedia Group stock opened at $125.03 on Wednesday. Expedia Group Inc has a one year low of $98.52 and a one year high of $139.77. The stock has a market capitalization of $18.88 billion, a P/E ratio of 33.61, a PEG ratio of 1.71 and a beta of 1.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70.
Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, October 25th. The online travel company reported $3.65 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.53. Expedia Group had a return on equity of 11.79% and a net margin of 4.04%. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period in the previous year, the company posted $2.51 EPS. Analysts expect that Expedia Group Inc will post 4.5 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Wednesday, November 14th. Expedia Group’s payout ratio is 34.41%.
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Expedia Group Profile
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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