KLP Kapitalforvaltning AS Raises Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

KLP Kapitalforvaltning AS raised its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 32.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,142 shares of the online travel company's stock after buying an additional 17,000 shares during the period. KLP Kapitalforvaltning AS owned about 0.05% of Expedia Group worth $11,791,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Expedia Group during the 4th quarter worth approximately $670,565,000. Geode Capital Management LLC increased its holdings in shares of Expedia Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock worth $600,750,000 after buying an additional 30,163 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Expedia Group by 6.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock worth $439,808,000 after purchasing an additional 150,480 shares during the period. Alkeon Capital Management LLC boosted its position in Expedia Group by 25.4% during the 4th 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 period. Finally, Lyrical Asset Management LP boosted its position in Expedia Group by 1.7% during the 4th quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company's stock worth $328,591,000 after purchasing an additional 28,736 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Oppenheimer reduced their price target on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Susquehanna decreased their price target on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. JPMorgan Chase & Co. decreased their target price on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley lifted their target price on shares of Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Finally, Wall Street Zen lowered Expedia Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $188.92.

Expedia Group Price Performance

Shares of Expedia Group stock traded down $3.14 on Friday, reaching $187.34. The stock had a trading volume of 1,419,322 shares, compared to its average volume of 1,425,732. Expedia Group, Inc. has a 1 year low of $110.20 and a 1 year high of $207.73. The company has a market cap of $23.81 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 0.90 and a beta of 1.57. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. The business's 50 day moving average is $172.39 and its two-hundred day moving average is $172.62.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). The company had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 earnings per share. As a group, research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is presently 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.