Seizert Capital Partners LLC Cuts Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Seizert Capital Partners LLC trimmed its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 22.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 226,959 shares of the online travel company’s stock after selling 64,868 shares during the quarter. Seizert Capital Partners LLC owned 0.18% of Expedia Group worth $38,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management LLC boosted its holdings in shares of Expedia Group by 3,369.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company’s stock worth $172,995,000 after buying an additional 999,454 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Expedia Group in the 1st quarter worth about $82,975,000. Bamco Inc. NY purchased a new stake in Expedia Group during the fourth quarter valued at about $80,206,000. Alkeon Capital Management LLC lifted its holdings in Expedia Group by 25.4% during the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company’s stock valued at $368,276,000 after purchasing an additional 400,000 shares during the last quarter. Finally, Bridgewater Associates LP lifted its holdings in Expedia Group by 73.4% during the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company’s stock valued at $159,175,000 after purchasing an additional 361,543 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Stock Down 2.3%

Shares of Expedia Group stock opened at $182.81 on Wednesday. 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 52-week low of $110.20 and a 52-week high of $207.73. The stock has a market capitalization of $23.24 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 0.89 and a beta of 1.57. The company’s 50 day moving average price is $173.23 and its 200-day moving average price is $172.67.

Expedia Group (NASDAQ:EXPE) last issued 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). Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the business posted $0.21 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Equities research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current 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 issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Thursday, May 29th. Expedia Group’s dividend payout ratio is 18.87%.

Wall Street Analysts Forecast Growth

Several research firms have commented on EXPE. UBS Group upped their price objective on shares of Expedia Group from $166.00 to $182.00 and gave the company a “neutral” rating in a report on Monday. Truist Financial dropped their price objective on shares of Expedia Group from $175.00 to $168.00 and set a “hold” rating on the stock in a report on Tuesday, June 24th. Bank of America upped their price objective on shares of Expedia Group from $205.00 to $211.00 and gave the company a “buy” rating in a report on Friday, May 9th. Oppenheimer dropped their price objective on shares of Expedia Group from $230.00 to $210.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Finally, Wedbush reaffirmed a “neutral” rating and set a $165.00 price objective (down from $180.00) on shares of Expedia Group in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Expedia Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.38.

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.