Handelsbanken Fonder AB Raises Stock Holdings in Expedia Group, Inc. $EXPE

Key Points

• Handelsbanken Fonder AB increased its Expedia Group stake by 53.8% in the second quarter, bringing its holdings to 53,120 shares valued at approximately $13.6 million. Institutional investors collectively own 90.76% of EXPE.
• Analyst views remain mixed, with 17 Buy ratings and 22 Hold ratings, producing an overall consensus rating of Hold and an average price target of $311.76.
• Expedia exceeded quarterly expectations, reporting $5.76 in EPS and $4.32 billion in revenue, while revenue rose 14% year over year. The company also declared a $0.48 quarterly dividend, equivalent to a 0.6% annual yield.

Handelsbanken Fonder AB increased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 53.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,120 shares of the online travel company's stock after buying an additional 18,582 shares during the period. Handelsbanken Fonder AB's holdings in Expedia Group were worth $13,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. Petredis Investment Advisors LLC raised its position in shares of Expedia Group by 3.2% in the first quarter. Petredis Investment Advisors LLC now owns 1,305 shares of the online travel company's stock valued at $301,000 after buying an additional 40 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Expedia Group by 8.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company's stock worth $161,000 after acquiring an additional 43 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Expedia Group by 2.2% during the 4th quarter. Ballentine Partners LLC now owns 2,225 shares of the online travel company's stock worth $630,000 after purchasing an additional 47 shares during the last quarter. Beacon Financial Advisory LLC raised its stake in shares of Expedia Group by 3.0% in the 1st quarter. Beacon Financial Advisory LLC now owns 1,628 shares of the online travel company's stock valued at $376,000 after acquiring an additional 48 shares during the period. Finally, V Square Quantitative Management LLC raised its position in Expedia Group by 0.7% in the first quarter. V Square Quantitative Management LLC now owns 7,389 shares of the online travel company's stock valued at $1,706,000 after purchasing an additional 49 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXPE has been the topic of several research reports. Bank of America reissued a "buy" rating on shares of Expedia Group in a research report on Thursday, August 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Expedia Group in a research report on Friday, August 7th. Wells Fargo & Company boosted their price target on shares of Expedia Group from $303.00 to $307.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Truist Financial raised their price objective on shares of Expedia Group from $246.00 to $309.00 and gave the stock a "hold" rating in a research report on Monday, August 3rd. Finally, Dbs Bank raised Expedia Group from a "hold" rating to a "moderate buy" rating in a report on Monday, May 11th. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $311.76.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 3,003 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $315.00, for a total transaction of $945,945.00. Following the completion of the sale, the insider owned 103,829 shares of the company's stock, valued at approximately $32,706,135. This represents a 2.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the transaction, the chief accounting officer owned 14,083 shares in the company, valued at $3,124,454.38. The trade was a 6.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,645 shares of company stock worth $2,250,059 over the last three months. Corporate insiders own 5.20% of the company's stock.

Expedia Group Price Performance

EXPE stock opened at $328.31 on Friday. The firm has a market cap of $40.23 billion, a P/E ratio of 20.47, a PEG ratio of 0.80 and a beta of 1.22. The stock's 50 day moving average price is $268.47 and its 200 day moving average price is $245.57. Expedia Group, Inc. has a 1 year low of $185.34 and a 1 year high of $331.31. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.22 by $0.54. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The firm's quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.24 EPS. On average, sell-side analysts expect that Expedia Group, Inc. will post 17.18 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group's dividend payout ratio (DPR) is presently 11.97%.

Expedia Group Profile

Expedia Group NASDAQ: EXPE is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company's platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.

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