50,897 Shares in Expedia Group, Inc. $EXPE Purchased by Nykredit A S

Key Points

• Nykredit A S bought 50,897 Expedia Group shares in the second quarter, valued at approximately $13.0 million. Institutional investors collectively own 90.76% of the company.
• Expedia exceeded quarterly expectations, reporting $5.76 in adjusted earnings per share versus the $5.22 consensus and $4.32 billion in revenue, up 14% year over year.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $316.79, while insiders sold nearly 12,000 shares worth about $3.9 million during the quarter. Expedia also pays a quarterly dividend of $0.48 per share.

Nykredit A S bought a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 50,897 shares of the online travel company's stock, valued at approximately $13,024,000.

Several other hedge funds also recently added to or reduced their stakes in EXPE. First Bancorp Inc ME bought a new position in shares of Expedia Group during the second quarter valued at approximately $28,000. Elevation Wealth Partners LLC increased its stake in shares of Expedia Group by 272.9% during the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock valued at $46,000 after buying an additional 131 shares during the period. Cache Advisors LLC bought a new stake in shares of Expedia Group in the 1st quarter valued at about $48,000. CENTRAL TRUST Co raised its stake in Expedia Group by 1,147.1% in the first quarter. CENTRAL TRUST Co now owns 212 shares of the online travel company's stock worth $49,000 after buying an additional 195 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Expedia Group by 35.2% in the fourth quarter. Covestor Ltd now owns 219 shares of the online travel company's stock worth $62,000 after purchasing an additional 57 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert Dzielak sold 1,004 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $335.00, for a total value of $336,340.00. Following the sale, the insider owned 104,331 shares of the company's stock, valued at $34,950,885. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lance Soliday sold 2,810 shares of the business's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total value of $909,456.50. Following the completion of the sale, the chief accounting officer owned 12,006 shares in the company, valued at $3,885,741.90. This represents a 18.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 11,950 shares of company stock worth $3,881,995. Insiders own 5.20% of the company's stock.

Expedia Group Price Performance

NASDAQ EXPE opened at $279.35 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. The business's fifty day simple moving average is $298.37 and its 200-day simple moving average is $259.68. Expedia Group, Inc. has a 52 week low of $185.34 and a 52 week high of $342.00. The firm has a market cap of $33.53 billion, a PE ratio of 17.42, a P/E/G ratio of 0.68 and a beta of 1.25.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating the consensus estimate of $5.22 by $0.54. The business had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The business's revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.24 EPS. As a group, equities analysts anticipate that Expedia Group, Inc. will post 17.14 earnings per share for the current year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 27th. Expedia Group's dividend payout ratio (DPR) is 11.97%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXPE. Weiss Ratings raised Expedia Group from a "hold (c)" rating to a "buy (b-)" rating in a research report on Friday, August 21st. BTIG Research lifted their price objective on shares of Expedia Group from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Tuesday, August 25th. Wall Street Zen upgraded Expedia Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Jefferies Financial Group increased their price target on shares of Expedia Group from $300.00 to $310.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group set a $370.00 price objective on Expedia Group in a report on Thursday, August 6th. Eighteen equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $316.79.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.

The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.

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