Sage Mountain Advisors LLC Takes $235,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

Sage Mountain Advisors LLC purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,398 shares of the online travel company’s stock, valued at approximately $235,000.

Other hedge funds have also made changes to their positions in the company. Minot DeBlois Advisors LLC purchased a new stake in Expedia Group during the 4th quarter worth about $27,000. Sava Infond d.o.o. acquired a new stake in shares of Expedia Group during the 4th quarter worth about $28,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Expedia Group during the fourth quarter worth about $34,000. Park Square Financial Group LLC acquired a new position in shares of Expedia Group in the first quarter valued at approximately $34,000. Finally, Optiver Holding B.V. purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Benchmark decreased their target price on shares of Expedia Group from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Wall Street Zen upgraded shares of Expedia Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. Truist Financial decreased their target price on shares of Expedia Group from $175.00 to $168.00 and set a “hold” rating on the stock in a research report on Tuesday, June 24th. Wedbush reissued a “neutral” rating and issued a $165.00 price target (down from $180.00) on shares of Expedia Group in a research note on Friday, May 9th. Finally, UBS Group decreased their price target on Expedia Group from $194.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Expedia Group presently has a consensus rating of “Moderate Buy” and an average price target of $187.19.

Expedia Group Stock Performance

Expedia Group stock opened at $178.30 on Thursday. The stock’s 50 day moving average price is $169.44 and its 200 day moving average price is $172.59. The firm has a market capitalization of $22.67 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 0.86 and a beta of 1.57. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73.

Expedia Group (NASDAQ:EXPE) last released its quarterly 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). The company had revenue of $2.99 billion for the quarter, compared to analyst estimates 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 was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. As a group, sell-side analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.90%. The ex-dividend date was Thursday, May 29th. Expedia Group’s dividend payout ratio (DPR) is presently 18.87%.

Expedia Group 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.