Cypress Capital Group Trims Holdings in Expedia Group Inc (EXPE)
Cypress Capital Group lowered its position in Expedia Group Inc (NASDAQ:EXPE) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,600 shares of the online travel company’s stock after selling 600 shares during the quarter. Cypress Capital Group’s holdings in Expedia Group were worth $1,394,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Marcus Capital LLC lifted its position in shares of Expedia Group by 6.5% in the 2nd quarter. Marcus Capital LLC now owns 6,150 shares of the online travel company’s stock worth $739,000 after acquiring an additional 375 shares during the period. Spinnaker Trust lifted its position in shares of Expedia Group by 1.8% during the 2nd quarter. Spinnaker Trust now owns 21,060 shares of the online travel company’s stock worth $2,530,000 after buying an additional 379 shares during the period. Macquarie Group Ltd. lifted its position in shares of Expedia Group by 18.2% during the 2nd quarter. Macquarie Group Ltd. now owns 2,600 shares of the online travel company’s stock worth $312,000 after buying an additional 400 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of Expedia Group by 3.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 11,771 shares of the online travel company’s stock worth $1,415,000 after buying an additional 410 shares during the period. Finally, Portland Hill Asset Management Ltd lifted its position in shares of Expedia Group by 0.9% during the 2nd quarter. Portland Hill Asset Management Ltd now owns 50,046 shares of the online travel company’s stock worth $6,031,000 after buying an additional 454 shares during the period. Institutional investors own 79.46% of the company’s stock.
Several equities analysts recently commented on EXPE shares. JPMorgan Chase & Co. raised their target price on Expedia Group from $115.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Zacks Investment Research downgraded Expedia Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 21st. Deutsche Bank raised their target price on Expedia Group from $145.00 to $147.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Credit Suisse Group raised their target price on Expedia Group from $135.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Finally, BidaskClub upgraded Expedia Group from a “hold” rating to a “buy” rating in a research report on Thursday, May 24th. Twelve research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $149.47.
EXPE stock opened at $129.74 on Monday. Expedia Group Inc has a fifty-two week low of $98.52 and a fifty-two week high of $154.24. The firm has a market cap of $19.63 billion, a P/E ratio of 36.97, a price-to-earnings-growth ratio of 1.85 and a beta of 1.36. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.67.
Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, July 26th. The online travel company reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.83. Expedia Group had a return on equity of 9.48% and a net margin of 2.54%. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period last year, the firm posted $0.89 EPS. The business’s revenue was up 11.4% on a year-over-year basis. equities research analysts expect that Expedia Group Inc will post 4.42 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Investors of record on Thursday, August 23rd were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.99%. This is a boost from Expedia Group’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, August 22nd. 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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