Assetmark Inc. Trims Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Assetmark Inc. lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 17.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,761 shares of the online travel company’s stock after selling 4,435 shares during the quarter. Assetmark Inc.’s holdings in Expedia Group were worth $3,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of EXPE. Los Angeles Capital Management LLC boosted its stake in Expedia Group by 3,369.4% during the first quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company’s stock worth $172,995,000 after acquiring an additional 999,454 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Expedia Group in the first quarter worth approximately $82,975,000. Bamco Inc. NY bought a new position in shares of Expedia Group in the fourth quarter worth approximately $80,206,000. Alkeon Capital Management LLC lifted its stake 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 in the last quarter. Finally, Bridgewater Associates LP lifted its stake in shares of Expedia Group by 73.4% in the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company’s stock worth $159,175,000 after buying an additional 361,543 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Expedia Group from $205.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group dropped their target price on shares of Expedia Group from $219.00 to $183.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Oppenheimer lowered their price objective on shares of Expedia Group from $230.00 to $210.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Piper Sandler downgraded shares of Expedia Group from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $174.00 to $135.00 in a research report on Friday, May 9th. Finally, Wedbush restated a “neutral” rating and set a $165.00 price objective (down previously from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $189.38.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $182.81 on Wednesday. The firm has a fifty day moving average price of $173.23 and a 200-day moving average price of $172.67. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $23.24 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 0.89 and a beta of 1.57. Expedia Group, Inc. has a 1 year low of $110.20 and a 1 year high of $207.73.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data 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 analysts’ expectations of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. Equities analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a $0.40 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.88%. Expedia Group’s dividend payout ratio (DPR) is presently 18.87%.

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.