Voloridge Investment Management LLC Buys 12,622 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Voloridge Investment Management LLC grew its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,305 shares of the online travel company’s stock after acquiring an additional 12,622 shares during the period. Voloridge Investment Management LLC owned 0.05% of Expedia Group worth $12,355,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new stake in shares of Expedia Group in the fourth quarter valued at approximately $27,000. SRH Advisors LLC bought a new position in Expedia Group in the 4th quarter valued at $28,000. Sava Infond d.o.o. acquired a new stake in shares of Expedia Group in the 4th quarter valued at $28,000. Prudent Man Investment Management Inc. bought a new stake in shares of Expedia Group during the fourth quarter worth $34,000. Finally, Optiver Holding B.V. bought a new stake in shares of Expedia Group during the fourth quarter worth $38,000. 90.76% of the stock is owned by institutional investors.

Expedia Group Stock Down 1.1%

Expedia Group stock opened at $158.98 on Friday. The company has a 50 day moving average of $160.35 and a 200-day moving average of $175.96. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $207.73. The stock has a market capitalization of $20.21 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 earnings per share. On average, equities research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. Expedia Group’s dividend payout ratio is currently 18.87%.

Analysts Set New Price Targets

A number of analysts recently commented on EXPE shares. Wells Fargo & Company lifted their price objective on Expedia Group from $143.00 to $149.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. BMO Capital Markets lifted their price target on shares of Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, February 10th. Hsbc Global Res raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. Oppenheimer cut 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, Bank of America lifted their target price on shares of Expedia Group from $205.00 to $211.00 and gave the stock a “buy” rating 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 given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $186.35.

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.