Two Sigma Investments LP Sells 222,137 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Two Sigma Investments LP decreased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 68.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 102,116 shares of the online travel company’s stock after selling 222,137 shares during the quarter. Two Sigma Investments LP’s holdings in Expedia Group were worth $19,027,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in EXPE. Handelsbanken Fonder AB lifted its holdings in shares of Expedia Group by 17.8% during the fourth quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company’s stock worth $5,729,000 after buying an additional 4,656 shares during the last quarter. Teamwork Financial Advisors LLC acquired a new position in Expedia Group during the 4th quarter valued at $1,791,000. Clare Market Investments LLC bought a new stake in Expedia Group in the 4th quarter valued at $319,000. Nisa Investment Advisors LLC grew its position in Expedia Group by 17.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company’s stock worth $11,180,000 after purchasing an additional 9,086 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new stake in Expedia Group in the 4th quarter worth $238,000. Institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Truist Financial upped their price objective on shares of Expedia Group from $163.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, March 12th. Morgan Stanley cut their price target on Expedia Group from $190.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. DA Davidson boosted their price objective on Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. BMO Capital Markets upped their target price on Expedia Group from $165.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company lifted their price target on shares of Expedia Group from $143.00 to $149.00 and gave the stock an “equal weight” rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $186.35.

Expedia Group Trading Up 0.9%

EXPE stock opened at $160.72 on Friday. The business has a fifty day moving average price of $160.47 and a 200 day moving average price of $176.00. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The stock has a market capitalization of $20.43 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 0.92 and a beta of 1.62.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, May 8th. The online travel company reported $0.40 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 the consensus estimate of $3.02 billion. During the same quarter in the previous year, the company posted $0.21 EPS. Expedia Group’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Thursday, May 29th. Expedia Group’s dividend payout ratio is currently 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.