Expedia Group, Inc. (NASDAQ:EXPE) Holdings Raised by Skandinaviska Enskilda Banken AB publ

Key Points

• Skandinaviska Enskilda Banken AB increased its stake in Expedia Group, Inc. by 10.1% during the first quarter, leading to a total of 58,496 shares valued at approximately $9.83 million.
• Analysts have varying price targets for Expedia Group, with the consensus rating being "Hold" and a target price of $188.92, while the stock recently traded around $187.34.
• Expedia Group reported $0.40 earnings per share for the quarter, missing analysts' estimates, while revenue increased by 3.4% compared to the previous year.

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 10.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,496 shares of the online travel company's stock after acquiring an additional 5,344 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Expedia Group were worth $9,833,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EXPE. Los Angeles Capital Management LLC boosted its stake in Expedia Group by 3,369.4% during the first quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company's stock worth $172,995,000 after acquiring an additional 999,454 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Expedia Group during the 1st quarter valued at about $82,975,000. Bamco Inc. NY bought a new stake in Expedia Group during the fourth quarter valued at approximately $80,206,000. Alkeon Capital Management LLC increased its holdings in 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 buying an additional 400,000 shares during the last quarter. Finally, Bridgewater Associates LP increased its holdings in Expedia Group by 73.4% during the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock valued at $159,175,000 after buying an additional 361,543 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays upped their price target on shares of Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. UBS Group upped their target price on shares of Expedia Group from $166.00 to $182.00 and gave the stock a "neutral" rating in a research report on Monday. Bank of America upped their target price on shares of Expedia Group from $205.00 to $211.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Wedbush reiterated a "neutral" rating and set a $165.00 price objective (down previously from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Finally, Oppenheimer cut their target price on Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $189.38.

Expedia Group Price Performance

NASDAQ:EXPE traded down $1.31 during mid-day trading on Wednesday, hitting $181.50. 912,777 shares of the company's stock traded hands, compared to its average volume of 2,084,440. The company has a market cap of $23.07 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 0.89 and a beta of 1.57. The firm's 50 day simple moving average is $173.23 and its 200 day simple moving average is $172.67. Expedia Group, Inc. has a 1 year low of $110.20 and a 1 year high of $207.73. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The business 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 firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 EPS. Sell-side analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was 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.