Andra AP fonden Cuts Stock Holdings in Expedia Group, Inc. $EXPE

Andra AP fonden reduced its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 20.6% in the 4th quarter, HoldingsChannel reports. The firm owned 105,700 shares of the online travel company’s stock after selling 27,400 shares during the period. Andra AP fonden’s holdings in Expedia Group were worth $29,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Windacre Partnership LLC raised its holdings in Expedia Group by 9.2% during the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock worth $787,049,000 after purchasing an additional 309,900 shares in the last quarter. AQR Capital Management LLC raised its holdings in Expedia Group by 25.0% during the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after purchasing an additional 728,063 shares in the last quarter. Invesco Ltd. raised its holdings in Expedia Group by 8.0% during the third quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock worth $667,507,000 after purchasing an additional 230,176 shares in the last quarter. Norges Bank purchased a new position in Expedia Group during the fourth quarter worth about $861,979,000. Finally, Wellington Management Group LLP grew its position in Expedia Group by 24,899.5% during the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after buying an additional 1,801,232 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the transaction, the chief accounting officer owned 14,083 shares of the company’s stock, valued at $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the transaction, the insider directly owned 105,448 shares in the company, valued at approximately $24,569,384. This represents a 4.27% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EXPE shares. Bank of America upped their target price on shares of Expedia Group from $303.00 to $306.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Wedbush restated a “neutral” rating and set a $260.00 target price on shares of Expedia Group in a research report on Tuesday, February 17th. Gordon Haskett lowered their target price on shares of Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Truist Financial lowered their price target on shares of Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Expedia Group in a research report on Tuesday, February 17th. Sixteen equities research analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $284.42.

Expedia Group Stock Up 2.6%

Shares of NASDAQ EXPE opened at $224.66 on Friday. Expedia Group, Inc. has a 1 year low of $160.00 and a 1 year high of $303.80. The firm’s 50 day moving average price is $234.02 and its 200 day moving average price is $247.35. The firm has a market cap of $27.53 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 0.57 and a beta of 1.25. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. Expedia Group’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 earnings per share. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 17.07 earnings per share for the current year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a yield of 0.9%. Expedia Group’s dividend payout ratio (DPR) is currently 16.90%.

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.