Expedia Group, Inc. $EXPE Shares Bought by Swedbank AB

Key Points

• Swedbank AB increased its stake in Expedia Group, Inc. by 12.4%, owning approximately 179,961 shares valued at $30.36 million after purchasing additional shares in the second quarter.
• Expedia Group reported quarterly earnings of $4.24 per share, outperforming analyst estimates and achieving a revenue of $3.79 billion, up 6.4% year-over-year.
• The company recently declared a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 0.7% and a payout ratio of 19.61%.

Swedbank AB raised its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 12.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,961 shares of the online travel company's stock after purchasing an additional 19,811 shares during the quarter. Swedbank AB owned 0.14% of Expedia Group worth $30,356,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXPE. Vanguard Group Inc. grew its stake in shares of Expedia Group by 2.7% during the first quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company's stock worth $2,555,424,000 after acquiring an additional 394,147 shares during the last quarter. Alkeon Capital Management LLC boosted its position in 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 buying an additional 398,804 shares during the last quarter. AQR Capital Management LLC boosted its position in Expedia Group by 174.0% in the first quarter. AQR Capital Management LLC now owns 1,444,283 shares of the online travel company's stock valued at $235,592,000 after buying an additional 917,192 shares during the last quarter. Nuveen LLC purchased a new stake in Expedia Group in the first quarter valued at approximately $227,174,000. Finally, Northern Trust Corp boosted its position in Expedia Group by 4.4% in the first quarter. Northern Trust Corp now owns 1,331,482 shares of the online travel company's stock valued at $223,822,000 after buying an additional 55,575 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EXPE. Wells Fargo & Company reiterated a "positive" rating on shares of Expedia Group in a research report on Friday, August 8th. Citigroup upped their target price on Expedia Group from $177.00 to $206.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. DA Davidson upped their target price on Expedia Group from $174.00 to $218.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. BTIG Research restated a "buy" rating and issued a $250.00 price objective on shares of Expedia Group in a research report on Tuesday, September 9th. Finally, Sanford C. Bernstein set a $210.00 price objective on Expedia Group in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $205.63.

Insider Activity

In related news, Director Craig A. Jacobson sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total transaction of $623,340.00. Following the completion of the sale, the director owned 33,858 shares in the company, valued at $7,035,015.24. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Soliday sold 852 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total value of $175,409.76. Following the sale, the chief accounting officer owned 12,036 shares of the company's stock, valued at approximately $2,477,971.68. The trade was a 6.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,816 shares of company stock worth $2,009,132. 9.13% of the stock is currently owned by company insiders.

Expedia Group Trading Up 0.2%

Shares of NASDAQ:EXPE traded up $0.51 during midday trading on Friday, reaching $222.43. 3,559,950 shares of the company's stock were exchanged, compared to its average volume of 1,350,937. The firm's 50 day simple moving average is $202.25 and its two-hundred day simple moving average is $177.86. Expedia Group, Inc. has a fifty-two week low of $130.01 and a fifty-two week high of $229.00. The stock has a market cap of $27.52 billion, a price-to-earnings ratio of 27.26, a P/E/G ratio of 1.17 and a beta of 1.57. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its earnings results on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, beating analysts' consensus estimates of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The company had revenue of $3.79 billion during the quarter, compared to analysts' expectations of $3.70 billion. During the same period last year, the business posted $3.51 EPS. Expedia Group's revenue for the quarter was up 6.4% on a year-over-year basis. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 28th. Expedia Group's dividend payout ratio (DPR) is presently 19.61%.

About Expedia Group

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.