Beech Hill Advisors Inc. Cuts Position in Expedia Group, Inc. (NASDAQ:EXPE)

Beech Hill Advisors Inc. trimmed its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,712 shares of the online travel company’s stock after selling 813 shares during the period. Expedia Group accounts for 2.0% of Beech Hill Advisors Inc.’s portfolio, making the stock its 12th largest position. Beech Hill Advisors Inc.’s holdings in Expedia Group were worth $4,995,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in EXPE. Chung Wu Investment Group LLC raised its stake in shares of Expedia Group by 15.4% during the 1st quarter. Chung Wu Investment Group LLC now owns 1,500 shares of the online travel company’s stock worth $252,000 after acquiring an additional 200 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Expedia Group by 4.0% during the first quarter. Sequoia Financial Advisors LLC now owns 2,508 shares of the online travel company’s stock worth $422,000 after purchasing an additional 96 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Expedia Group by 107.3% during the 1st quarter. Golden State Wealth Management LLC now owns 800 shares of the online travel company’s stock valued at $135,000 after purchasing an additional 414 shares during the last quarter. Navis Wealth Advisors LLC boosted its position in shares of Expedia Group by 43.9% in the 1st quarter. Navis Wealth Advisors LLC now owns 1,638 shares of the online travel company’s stock worth $275,000 after purchasing an additional 500 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC boosted its position in shares of Expedia Group by 0.5% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 64,789 shares of the online travel company’s stock worth $10,891,000 after purchasing an additional 337 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Stock Performance

NASDAQ EXPE opened at $165.75 on Thursday. The stock has a market capitalization of $21.07 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 0.81 and a beta of 1.59. The stock has a 50-day moving average of $164.03 and a 200 day moving average of $173.56. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. Expedia Group, Inc. has a twelve month low of $110.20 and a twelve month high of $207.73.

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 the consensus estimate of $0.42 by ($0.02). The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 EPS. Sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. Expedia Group’s dividend payout ratio (DPR) is presently 18.87%.

Analyst Ratings Changes

EXPE has been the topic of several recent analyst reports. Piper Sandler lowered Expedia Group from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $174.00 to $135.00 in a research report on Friday, May 9th. Wedbush reaffirmed a “neutral” rating and issued a $165.00 price objective (down from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Susquehanna lowered their target price on shares of Expedia Group from $205.00 to $175.00 and set a “neutral” rating for the company in a research note on Monday, May 12th. Cantor Fitzgerald restated a “neutral” rating and set a $170.00 price target on shares of Expedia Group in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Expedia Group from $205.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.08.

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.