Hudson Bay Capital Management LP Acquires Shares of 117,249 Expedia Group, Inc. $EXPE

Hudson Bay Capital Management LP bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 117,249 shares of the online travel company’s stock, valued at approximately $19,778,000. Hudson Bay Capital Management LP owned approximately 0.09% of Expedia Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in Expedia Group during the 2nd quarter worth about $663,882,000. AQR Capital Management LLC grew its stake in shares of Expedia Group by 102.0% during the second quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock valued at $492,152,000 after purchasing an additional 1,473,386 shares during the last quarter. LSV Asset Management increased its holdings in shares of Expedia Group by 497.0% in the second quarter. LSV Asset Management now owns 871,837 shares of the online travel company’s stock valued at $147,061,000 after purchasing an additional 725,797 shares in the last quarter. Alkeon Capital Management LLC increased its holdings in shares of Expedia Group by 20.2% in the first quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company’s stock valued at $399,284,000 after purchasing an additional 398,804 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Expedia Group by 121.1% in the 1st quarter. Acadian Asset Management LLC now owns 667,413 shares of the online travel company’s stock valued at $112,173,000 after buying an additional 365,507 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Down 2.5%

EXPE stock opened at $274.21 on Friday. The company has a market cap of $33.60 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 1.27 and a beta of 1.44. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72. Expedia Group, Inc. has a twelve month low of $130.01 and a twelve month high of $282.96. The business has a 50 day moving average price of $239.66 and a two-hundred day moving average price of $208.93.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.10 by $0.47. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.28 billion. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. Expedia Group’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $6.13 EPS. Analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.60 annualized dividend and a yield of 0.6%. Expedia Group’s dividend payout ratio (DPR) is currently 15.31%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EXPE. Rothschild & Co Redburn increased their target price on Expedia Group from $290.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Wall Street Zen cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Wedbush lifted their price target on shares of Expedia Group from $230.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. DA Davidson reiterated a “neutral” rating and set a $294.00 target price on shares of Expedia Group in a report on Thursday. Finally, Cantor Fitzgerald lifted their price target on Expedia Group from $220.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and twenty-five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $265.78.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $271.55, for a total transaction of $814,650.00. Following the completion of the transaction, the director directly owned 30,858 shares of the company’s stock, valued at $8,379,489.90. The trade was a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $258.00, for a total transaction of $258,000.00. Following the completion of the transaction, the director directly owned 2,916 shares in the company, valued at $752,328. The trade was a 25.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,849 shares of company stock valued at $1,283,270 in the last quarter. 9.13% of the stock is currently owned by insiders.

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.