Andra AP fonden Makes New $28.45 Million Investment in Expedia Group, Inc. $EXPE

Andra AP fonden bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the third quarter, HoldingsChannel reports. The institutional investor bought 133,100 shares of the online travel company’s stock, valued at approximately $28,450,000.

Several other large investors also recently modified their holdings of the stock. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Expedia Group by 2.6% during the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 107,973 shares of the online travel company’s stock worth $18,213,000 after acquiring an additional 2,767 shares during the period. Rakuten Investment Management Inc. purchased a new stake in Expedia Group during the third quarter valued at about $1,063,000. Convergence Investment Partners LLC bought a new position in Expedia Group during the third quarter worth about $1,001,000. Railway Pension Investments Ltd boosted its position in Expedia Group by 19.6% during the third quarter. Railway Pension Investments Ltd now owns 115,200 shares of the online travel company’s stock worth $24,624,000 after purchasing an additional 18,900 shares during the period. Finally, National Pension Service increased its stake in shares of Expedia Group by 6.7% in the third quarter. National Pension Service now owns 248,328 shares of the online travel company’s stock worth $53,080,000 after purchasing an additional 15,611 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Trading Up 7.0%

Shares of EXPE opened at $217.93 on Friday. Expedia Group, Inc. has a 1-year low of $130.01 and a 1-year high of $303.80. The company has a market capitalization of $26.71 billion, a P/E ratio of 22.12, a P/E/G ratio of 0.63 and a beta of 1.41. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73. The firm’s 50 day simple moving average is $260.13 and its 200 day simple moving average is $241.20.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.46. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.41 billion. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.39 EPS. Sell-side analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be paid a $0.48 dividend. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. This represents a $1.92 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, March 5th. Expedia Group’s payout ratio is currently 16.24%.

Wall Street Analysts Forecast Growth

EXPE has been the topic of a number of recent research reports. B. Riley Financial upped their price target on shares of Expedia Group from $300.00 to $360.00 and gave the company a “buy” rating in a research note on Monday, January 12th. TD Cowen lowered their target price on shares of Expedia Group from $300.00 to $260.00 and set a “hold” rating on the stock in a report on Friday, February 13th. DA Davidson dropped their target price on Expedia Group from $294.00 to $260.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Wall Street Zen raised Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Finally, Weiss Ratings lowered Expedia Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Thirteen equities research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the stock. Based on data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $282.55.

Insiders Place Their Bets

In other Expedia Group news, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $258.00, for a total transaction of $258,000.00. Following the sale, the director owned 2,916 shares in the company, valued at $752,328. This trade represents a 25.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.13% of the stock is owned by insiders.

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.