Swiss National Bank Decreases Stock Holdings in Expedia Group, Inc. $EXPE

Swiss National Bank lowered its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 6.1% during the 3rd quarter, Holdings Channel reports. The firm owned 350,491 shares of the online travel company’s stock after selling 22,900 shares during the period. Swiss National Bank’s holdings in Expedia Group were worth $74,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. CI Investments Inc. lifted its holdings in Expedia Group by 1,735.0% during the third quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock valued at $9,025,000 after purchasing an additional 39,922 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in shares of Expedia Group in the third quarter worth about $1,063,000. Convergence Investment Partners LLC purchased a new position in shares of Expedia Group in the third quarter worth about $1,001,000. Railway Pension Investments Ltd raised its position in shares of Expedia Group by 19.6% in the third quarter. Railway Pension Investments Ltd now owns 115,200 shares of the online travel company’s stock valued at $24,624,000 after purchasing an additional 18,900 shares during the period. Finally, Savant Capital LLC raised its position in shares of Expedia Group by 13.9% in the third quarter. Savant Capital LLC now owns 39,700 shares of the online travel company’s stock valued at $8,486,000 after purchasing an additional 4,853 shares during the period. Institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total value of $1,816,244.50. Following the transaction, the insider directly owned 102,480 shares in the company, valued at $22,629,633.60. This represents a 7.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.13% of the stock is currently owned by insiders.

Expedia Group Stock Performance

NASDAQ EXPE opened at $230.35 on Thursday. The company’s 50 day simple moving average is $249.90 and its two-hundred day simple moving average is $242.96. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a 1 year low of $130.01 and a 1 year high of $303.80. The stock has a market capitalization of $28.23 billion, a PE ratio of 23.39, a P/E/G ratio of 0.72 and a beta of 1.41.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.46. The firm had revenue of $3.55 billion during 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% on a year-over-year basis. During the same period in the previous year, the business earned $2.39 EPS. Analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, March 5th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.40. This represents a $1.92 annualized dividend and a yield of 0.8%. Expedia Group’s dividend payout ratio (DPR) is presently 19.49%.

Analyst Upgrades and Downgrades

Several research firms recently commented on EXPE. BTIG Research reaffirmed a “buy” rating and issued a $330.00 price objective on shares of Expedia Group in a report on Friday, February 13th. HSBC boosted their target price on shares of Expedia Group from $365.00 to $387.00 and gave the company a “buy” rating in a report on Friday, February 13th. Weiss Ratings lowered Expedia Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Benchmark decreased their price objective on Expedia Group from $310.00 to $290.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Finally, Robert W. Baird increased their price objective on Expedia Group from $280.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Thirteen equities research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $281.65.

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.