Point72 Asset Management L.P. Invests $2.95 Million in Expedia Group, Inc. (NASDAQ:EXPE)

Point72 Asset Management L.P. purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,826 shares of the online travel company’s stock, valued at approximately $2,949,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Point72 Italy S.r.l. purchased a new position in Expedia Group in the 4th quarter valued at $2,925,000. ProShare Advisors LLC lifted its stake in shares of Expedia Group by 13.5% in the 4th quarter. ProShare Advisors LLC now owns 17,850 shares of the online travel company’s stock worth $3,326,000 after acquiring an additional 2,122 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Expedia Group by 120.8% in the fourth quarter. Quantinno Capital Management LP now owns 71,129 shares of the online travel company’s stock valued at $13,253,000 after acquiring an additional 38,919 shares in the last quarter. Mufg Securities Americas Inc. acquired a new position in shares of Expedia Group during the fourth quarter worth about $338,000. Finally, Numerai GP LLC raised its holdings in Expedia Group by 94.6% during the fourth quarter. Numerai GP LLC now owns 3,908 shares of the online travel company’s stock worth $728,000 after purchasing an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Trading Down 1.8%

NASDAQ EXPE opened at $162.52 on Wednesday. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The company’s 50 day moving average price is $160.64 and its 200 day moving average price is $176.12. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $20.66 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 0.92 and a beta of 1.62.

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 52.41% and a net margin of 9.01%. 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 earned $0.21 earnings per share. Expedia Group’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group’s dividend payout ratio (DPR) is presently 18.87%.

Analyst Ratings Changes

A number of brokerages have weighed in on EXPE. Wells Fargo & Company lifted their price objective on Expedia Group from $143.00 to $149.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. B. Riley reissued a “buy” rating and issued a $235.00 price target (up from $220.00) on shares of Expedia Group in a report on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on Expedia Group from $205.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Hsbc Global Res raised Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. Finally, Barclays increased their price objective on Expedia Group from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. One equities 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $186.35.

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.