Handelsbanken Fonder AB Sells 2,523 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Handelsbanken Fonder AB reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 8.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,221 shares of the online travel company's stock after selling 2,523 shares during the period. Handelsbanken Fonder AB's holdings in Expedia Group were worth $4,744,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Expedia Group in the fourth quarter worth $670,565,000. Geode Capital Management LLC lifted its holdings in shares of Expedia Group by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock valued at $600,750,000 after purchasing an additional 30,163 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Expedia Group by 6.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock valued at $439,808,000 after purchasing an additional 150,480 shares in the last quarter. Alkeon Capital Management LLC lifted its holdings in shares of Expedia Group by 25.4% during the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after purchasing an additional 400,000 shares in the last quarter. Finally, Lyrical Asset Management LP lifted its holdings in shares of Expedia Group by 1.7% during the fourth quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company's stock valued at $328,591,000 after purchasing an additional 28,736 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXPE has been the topic of a number of research analyst reports. Wedbush reaffirmed a "neutral" rating and set a $165.00 price target (down from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Susquehanna lowered their price target on Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. Morgan Stanley lowered their price target on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. lowered their price target on Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Bank of America upped their price target on Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $186.35.

Expedia Group Price Performance

Shares of NASDAQ:EXPE traded down $6.07 during trading on Friday, hitting $165.63. 1,404,086 shares of the company's stock were exchanged, compared to its average volume of 1,914,668. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. Expedia Group, Inc. has a 52-week low of $110.20 and a 52-week high of $207.73. The business's 50-day simple moving average is $161.96 and its 200 day simple moving average is $174.70. The company has a market cap of $21.06 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 0.92 and a beta of 1.59.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The business had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter in the prior year, the business posted $0.21 EPS. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, equities analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Thursday, May 29th. Expedia Group's dividend payout ratio is currently 18.87%.

Expedia Group 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.