Lansforsakringar Fondforvaltning AB publ Acquires Shares of 42,391 Expedia Group, Inc. (NASDAQ:EXPE)

Lansforsakringar Fondforvaltning AB publ bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 42,391 shares of the online travel company's stock, valued at approximately $7,899,000.

A number of other large investors have also recently bought and sold shares of EXPE. Janney Montgomery Scott LLC boosted its position in Expedia Group by 6.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 37,485 shares of the online travel company's stock valued at $6,985,000 after buying an additional 2,272 shares during the last quarter. Brighton Jones LLC purchased a new stake in Expedia Group in the fourth quarter valued at approximately $408,000. RFG Advisory LLC purchased a new stake in Expedia Group in the fourth quarter valued at approximately $251,000. Blue Trust Inc. boosted its position in Expedia Group by 23.0% in the fourth quarter. Blue Trust Inc. now owns 1,058 shares of the online travel company's stock valued at $197,000 after buying an additional 198 shares during the last quarter. Finally, Nilsine Partners LLC boosted its position in Expedia Group by 4.7% in the fourth quarter. Nilsine Partners LLC now owns 5,861 shares of the online travel company's stock valued at $1,092,000 after buying an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Trading Up 0.1%

Shares of NASDAQ:EXPE traded up $0.18 during midday trading on Friday, reaching $165.83. The company's stock had a trading volume of 2,138,163 shares, compared to its average volume of 1,937,396. The business has a 50 day moving average price of $159.32 and a 200 day moving average price of $175.48. Expedia Group, Inc. has a 1 year low of $109.26 and a 1 year high of $207.73. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The firm has a market cap of $21.08 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62.

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

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group's payout ratio is 18.87%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EXPE. JPMorgan Chase & Co. decreased their price target on Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Barclays boosted their price target on Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Morgan Stanley decreased their price target on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Cantor Fitzgerald reissued a "neutral" rating and issued a $170.00 price target on shares of Expedia Group in a report on Thursday, May 15th. Finally, Bank of America boosted 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 equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $186.35.

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.