Expedia Group, Inc. $EXPE Position Raised by Andra AP fonden

Key Points

• Andra AP fonden increased its Expedia Group stake by 46.7% in the second quarter, acquiring 31,200 additional shares and bringing its holdings to 98,073 shares worth approximately $25.1 million. Institutional investors collectively own 90.76% of EXPE.
• Analyst sentiment remains largely neutral: Expedia has a consensus “Hold” rating from 40 analysts, with an average price target of $316.79. Recent target increases ranged from $307 to $320, while Jefferies maintained a “Buy” rating.
• Expedia reported stronger-than-expected quarterly results, including $5.76 in EPS versus $5.22 expected and revenue of $4.32 billion, up 14% year over year. The company also maintains a quarterly dividend of $0.48 per share, representing a 0.7% yield.

Andra AP fonden raised its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 46.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,073 shares of the online travel company's stock after acquiring an additional 31,200 shares during the quarter. Andra AP fonden owned 0.08% of Expedia Group worth $25,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in EXPE. Plato Investment Management Ltd bought a new stake in shares of Expedia Group in the second quarter valued at approximately $2,562,000. Corient Private Wealth LLC raised its stake in Expedia Group by 17.8% during the 4th quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company's stock valued at $17,344,000 after purchasing an additional 9,256 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Expedia Group during the second quarter valued at about $166,203,000. Lombard Odier Asset Management Switzerland SA bought a new position in Expedia Group during the first quarter valued at about $910,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Expedia Group in the 2nd quarter valued at approximately $1,354,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays upped their target price on Expedia Group from $264.00 to $320.00 and gave the company an "equal weight" rating in a research note on Thursday, August 6th. TD Cowen raised shares of Expedia Group to a "hold" rating in a research report on Monday, September 14th. Susquehanna lifted their price objective on Expedia Group from $250.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Wells Fargo & Company increased their target price on Expedia Group from $303.00 to $307.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. Finally, Jefferies Financial Group boosted their price target on Expedia Group from $300.00 to $310.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Eighteen equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $316.79.

Insider Activity at Expedia Group

In related news, CAO Lance Soliday sold 2,810 shares of Expedia Group stock in a transaction dated Tuesday, August 18th. The stock was 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 directly owned 12,006 shares in the company, valued at $3,885,741.90. This trade represents a 18.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Craig Jacobson sold 3,133 shares of the company's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the sale, the director owned 29,832 shares of the company's stock, valued at $9,800,408.64. The trade was a 9.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,950 shares of company stock worth $3,881,995 over the last 90 days. Insiders own 5.20% of the company's stock.

Expedia Group Price Performance

NASDAQ EXPE traded down $12.57 during trading hours on Tuesday, reaching $268.45. 1,959,704 shares of the company's stock were exchanged, compared to its average volume of 2,012,530. The stock has a market cap of $32.22 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 0.68 and a beta of 1.25. Expedia Group, Inc. has a one year low of $185.34 and a one year high of $342.00. The firm has a fifty day moving average of $298.67 and a 200-day moving average of $260.15. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, topping analysts' consensus estimates of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. During the same quarter in the previous year, the firm earned $4.24 earnings per share. The business's revenue was up 14.0% on a year-over-year basis. On average, equities research analysts predict that Expedia Group, Inc. will post 17.14 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

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

Expedia Group 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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