AMF Tjanstepension AB Has $11.11 Million Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• AMF Tjanstepension AB significantly increased its stake in Expedia Group by 905.3% in the first quarter, holding approximately 66,069 shares valued at about $11.1 million.
• Expedia Group's recent earnings showed better-than-expected results with EPS of $4.24, surpassing analysts' estimates, and revenues of $3.79 billion, up 6.4% year-over-year.
• The stock currently has a consensus rating of "Moderate Buy" from analysts, with a price target averaging $189.38.

AMF Tjanstepension AB increased its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 905.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,069 shares of the online travel company's stock after buying an additional 59,497 shares during the quarter. AMF Tjanstepension AB owned about 0.05% of Expedia Group worth $11,106,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EXPE. Minot DeBlois Advisors LLC acquired a new position in Expedia Group during the 4th quarter worth $27,000. McClarren Financial Advisors Inc. acquired a new position in Expedia Group during the 1st quarter worth $28,000. Park Square Financial Group LLC acquired a new position in Expedia Group during the 1st quarter worth $34,000. Optiver Holding B.V. acquired a new stake in shares of Expedia Group in the fourth quarter valued at $38,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Expedia Group in the fourth quarter valued at $45,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Up 4.1%

NASDAQ:EXPE traded up $7.65 during trading hours on Friday, hitting $195.26. 6,966,447 shares of the company's stock traded hands, compared to its average volume of 1,580,907. The firm has a market cap of $24.82 billion, a P/E ratio of 23.93, a P/E/G ratio of 0.93 and a beta of 1.61. Expedia Group, Inc. has a twelve month low of $125.50 and a twelve month high of $213.00. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73. The stock's fifty day moving average price is $176.65 and its two-hundred day moving average price is $172.70.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $4.13 by $0.11. Expedia Group had a return on equity of 53.64% and a net margin of 7.94%. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period in the prior year, the firm posted $3.51 EPS. The business's revenue was up 6.4% compared to the same quarter last year. On average, research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 28th. Expedia Group's dividend payout ratio is presently 18.87%.

Analyst Ratings Changes

Several analysts have recently weighed in on EXPE shares. The Goldman Sachs Group cut their price objective on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a report on Friday, May 9th. Morgan Stanley upped their price objective on Expedia Group from $150.00 to $165.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Wall Street Zen upgraded Expedia Group from a "hold" rating to a "buy" rating in a report on Monday, July 28th. Truist Financial reduced their target price on Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a report on Tuesday, June 24th. Finally, Oppenheimer reduced their target price on Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Expedia Group has a consensus rating of "Moderate Buy" and an average price target of $203.00.

Expedia Group Company 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.