Expedia Group, Inc. $EXPE Shares Sold by Swedbank AB

Swedbank AB cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 2.0% in the fourth quarter, Holdings Channel reports. The fund owned 172,616 shares of the online travel company’s stock after selling 3,512 shares during the period. Swedbank AB’s holdings in Expedia Group were worth $48,904,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CI Investments Inc. increased its stake in shares of Expedia Group by 1,735.0% in the 3rd quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock worth $9,025,000 after acquiring an additional 39,922 shares during the last quarter. Convergence Investment Partners LLC acquired a new stake in shares of Expedia Group during the 3rd quarter worth about $1,001,000. Rakuten Investment Management Inc. acquired a new stake in shares of Expedia Group during the 3rd quarter worth about $1,063,000. National Pension Service increased its position in shares of Expedia Group by 6.7% during the 3rd 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 during the last quarter. Finally, Savant Capital LLC increased its position in shares of Expedia Group by 13.9% during the 3rd quarter. Savant Capital LLC now owns 39,700 shares of the online travel company’s stock worth $8,486,000 after purchasing an additional 4,853 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Performance

NASDAQ EXPE opened at $214.65 on Monday. The company has a market cap of $26.30 billion, a P/E ratio of 18.90, a P/E/G ratio of 0.67 and a beta of 1.30. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a 50-day moving average of $236.33 and a two-hundred day moving average of $249.43. Expedia Group, Inc. has a 1-year low of $156.18 and a 1-year high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the previous year, the company posted $0.40 EPS. Expedia Group’s revenue was up 14.7% compared to the same quarter last year. As a group, analysts anticipate that Expedia Group, Inc. will post 16.64 EPS for the current year.

Expedia Group Dividend Announcement

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

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the completion of the transaction, the insider owned 102,480 shares of the company’s stock, valued at $22,629,633.60. This trade represents a 7.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 5.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EXPE shares. Gordon Haskett cut their price objective on Expedia Group from $320.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. BTIG Research reissued a “buy” rating and set a $330.00 price objective on shares of Expedia Group in a research report on Monday, May 18th. BMO Capital Markets raised their price objective on Expedia Group from $250.00 to $255.00 and gave the stock a “market perform” rating in a research report on Friday, February 13th. Argus cut their price objective on Expedia Group from $345.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Finally, Sanford C. Bernstein cut their price objective on Expedia Group from $256.00 to $253.00 and set a “market perform” rating for the company in a research report on Wednesday, March 11th. Sixteen equities research analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group currently has an average rating of “Hold” and a consensus price target of $284.42.

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.