Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Stake in Expedia Group, Inc. $EXPE

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 26.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,554 shares of the online travel company's stock after selling 5,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Expedia Group were worth $2,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Expedia Group by 2.7% in 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 purchasing an additional 394,147 shares during the last quarter. Alkeon Capital Management LLC grew its holdings in shares of Expedia Group by 25.4% in the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock worth $368,276,000 after purchasing an additional 400,000 shares during the last quarter. Nuveen LLC bought a new position in shares of Expedia Group in the first quarter worth approximately $227,174,000. Northern Trust Corp grew its holdings in shares of Expedia Group by 8.8% in the fourth quarter. Northern Trust Corp now owns 1,275,907 shares of the online travel company's stock worth $237,740,000 after purchasing an additional 102,949 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Expedia Group by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,176,669 shares of the online travel company's stock worth $219,255,000 after acquiring an additional 71,795 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

Insider Activity

In other Expedia Group news, insider Robert J. Dzielak sold 2,658 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $205.57, for a total transaction of $546,405.06. Following the completion of the sale, the insider directly owned 74,417 shares in the company, valued at $15,297,902.69. The trade was a 3.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.13% of the stock is currently owned by corporate insiders.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $207.44 on Monday. Expedia Group, Inc. has a 1-year low of $126.46 and a 1-year high of $213.00. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The business has a fifty day moving average price of $179.94 and a 200-day moving average price of $173.82. The company has a market capitalization of $25.66 billion, a PE ratio of 25.42, a PEG ratio of 1.03 and a beta of 1.61.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $3.70 billion. During the same period last year, the company earned $3.51 EPS. Expedia Group's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 28th. Expedia Group's payout ratio is currently 19.61%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EXPE shares. BTIG Research set a $250.00 price target on Expedia Group and gave the stock a "buy" rating in a research note on Friday, August 8th. Oppenheimer reaffirmed an "outperform" rating on shares of Expedia Group in a research note on Friday, August 8th. Wedbush raised their price target on Expedia Group from $175.00 to $220.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. UBS Group raised their price target on Expedia Group from $182.00 to $209.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada raised their price target on Expedia Group from $180.00 to $200.00 and gave the stock a "sector perform" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $205.63.

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.

Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia Group, Inc. (NASDAQ:EXPE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.