Swiss National Bank Lowers Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• The Swiss National Bank has reduced its stake in Expedia Group, Inc. by 1.6%, ending the first quarter with 346,491 shares valued at approximately $58.25 million.
• Expedia reported $4.24 earnings per share for the recent quarter, exceeding consensus estimates of $4.13, with revenue rising to $3.79 billion, a year-over-year increase of 6.4%.
• Recent analyst reports have targeted Expedia's stock with notable increases, raising price targets to as much as $265, indicating a general bullish sentiment among analysts.

Swiss National Bank decreased its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 1.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346,491 shares of the online travel company's stock after selling 5,600 shares during the quarter. Swiss National Bank owned approximately 0.27% of Expedia Group worth $58,245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Expedia Group by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company's stock worth $2,555,424,000 after purchasing an additional 394,147 shares during the period. Alkeon Capital Management LLC grew its holdings in shares of 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. Northern Trust Corp grew its holdings in shares of Expedia Group by 8.8% during the 4th quarter. Northern Trust Corp now owns 1,275,907 shares of the online travel company's stock worth $237,740,000 after purchasing an additional 102,949 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Expedia Group by 6.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,176,669 shares of the online travel company's stock worth $219,255,000 after purchasing an additional 71,795 shares during the period. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Expedia Group by 3,369.4% during the 1st quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company's stock worth $172,995,000 after purchasing an additional 999,454 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $195.26 on Monday. Expedia Group, Inc. has a twelve month low of $125.50 and a twelve month high of $213.00. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $24.82 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 0.93 and a beta of 1.61. The business has a 50 day simple moving average of $176.65 and a 200-day simple moving average of $172.67.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share for the quarter, beating analysts' consensus estimates of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the previous year, the business earned $3.51 EPS. The business's quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 28th. Expedia Group's payout ratio is 18.87%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EXPE shares. B. Riley boosted their target price on Expedia Group from $222.00 to $260.00 and gave the stock a "buy" rating in a report on Friday. Bank of America boosted their target price on Expedia Group from $211.00 to $240.00 and gave the stock a "buy" rating in a report on Friday. Benchmark boosted their target price on Expedia Group from $215.00 to $265.00 and gave the stock a "buy" rating in a report on Friday. Morgan Stanley boosted their target price on Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 price target on shares of Expedia Group in a research report on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Expedia Group presently has an average rating of "Moderate Buy" and an average target price of $203.44.

Expedia Group Company 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.

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