Gulf International Bank UK Ltd boosted its stake in Expedia Group Inc (NASDAQ:EXPE) by 14.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,182 shares of the online travel company’s stock after buying an additional 5,740 shares during the period. Gulf International Bank UK Ltd’s holdings in Expedia Group were worth $5,895,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of EXPE. Artisan Partners Limited Partnership lifted its holdings in Expedia Group by 324.7% in the second 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 purchased a new stake in Expedia Group in the second quarter worth about $82,965,000. Morgan Stanley lifted its holdings in Expedia Group by 128.4% in the second quarter. Morgan Stanley now owns 979,095 shares of the online travel company’s stock worth $117,678,000 after buying an additional 550,396 shares during the period. Kornitzer Capital Management Inc. KS increased its stake in shares of Expedia Group by 211.2% during the second quarter. Kornitzer Capital Management Inc. KS now owns 337,077 shares of the online travel company’s stock valued at $40,513,000 after purchasing an additional 228,762 shares in the last quarter. Finally, Dorsal Capital Management LLC increased its stake in shares of Expedia Group by 50.0% during the second quarter. Dorsal Capital Management LLC now owns 600,000 shares of the online travel company’s stock valued at $72,114,000 after purchasing an additional 200,000 shares in the last quarter. Institutional investors and hedge funds own 79.19% of the company’s stock.
EXPE has been the subject of a number of analyst reports. TheStreet raised shares of Expedia Group from a “c” rating to a “b” rating in a research note on Thursday, October 25th. Citigroup raised their target price on shares of Expedia Group from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 30th. Guggenheim reaffirmed a “buy” rating and set a $160.00 target price on shares of Expedia Group in a research note on Friday, July 27th. Credit Suisse Group raised their target price on shares of Expedia Group from $135.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Finally, Cowen set a $155.00 target price on shares of Expedia Group and gave the company a “buy” rating in a research note on Friday, July 27th. Twelve research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $147.67.
Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, October 25th. The online travel company reported $3.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.12 by $0.53. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.29 billion. Expedia Group had a net margin of 4.04% and a return on equity of 11.79%. During the same quarter last year, the firm earned $2.51 earnings per share. On average, sell-side analysts anticipate that Expedia Group Inc will post 4.5 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, November 14th. Expedia Group’s dividend payout ratio (DPR) is currently 34.41%.
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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