Arbejdsmarkedets Tillaegspension Trims Position in Expedia Group, Inc. $EXPE

Arbejdsmarkedets Tillaegspension trimmed its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 81.4% during the 1st quarter, Holdings Channel reports. The firm owned 16,582 shares of the online travel company’s stock after selling 72,441 shares during the period. Arbejdsmarkedets Tillaegspension’s holdings in Expedia Group were worth $3,829,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EXPE. J. Safra Sarasin Holding AG grew its position in shares of Expedia Group by 226.5% during the first quarter. J. Safra Sarasin Holding AG now owns 3,379 shares of the online travel company’s stock worth $779,000 after purchasing an additional 2,344 shares in the last quarter. Procyon Advisors LLC raised its position in shares of Expedia Group by 24.1% during the first quarter. Procyon Advisors LLC now owns 14,878 shares of the online travel company’s stock valued at $3,435,000 after buying an additional 2,888 shares during the last quarter. Diversify Wealth Management LLC purchased a new position in shares of Expedia Group in the first quarter worth $705,000. Fifth Third Bancorp lifted its holdings in shares of Expedia Group by 435.7% in the first quarter. Fifth Third Bancorp now owns 35,396 shares of the online travel company’s stock worth $8,172,000 after buying an additional 28,788 shares in the last quarter. Finally, Roman Butler Fullerton & Co. bought a new position in shares of Expedia Group during the first quarter worth $504,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

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

Expedia Group Stock Performance

NASDAQ:EXPE opened at $265.63 on Tuesday. The firm has a market capitalization of $32.55 billion, a PE ratio of 23.38, a PEG ratio of 0.71 and a beta of 1.23. The stock’s fifty day moving average is $238.37 and its 200 day moving average is $245.01. Expedia Group, Inc. has a fifty-two week low of $174.05 and a fifty-two week high of $303.80. 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 data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the business posted $0.40 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Expedia Group, Inc. will post 16.98 earnings per share for the current year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, May 28th. Expedia Group’s dividend payout ratio is 16.90%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citic Securities cut their target price on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Morgan Stanley boosted their price target on shares of Expedia Group from $270.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Citigroup reissued a “neutral” rating on shares of Expedia Group in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft cut their price objective on Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Finally, Gordon Haskett reduced their target price on Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. According to data from MarketBeat, Expedia Group has an average rating of “Hold” and a consensus price target of $286.27.

About Expedia Group

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.