J. Safra Sarasin Holding AG Increases Holdings in Expedia Group, Inc. $EXPE

J. Safra Sarasin Holding AG grew its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 226.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,379 shares of the online travel company’s stock after acquiring an additional 2,344 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Expedia Group were worth $779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of EXPE. Norges Bank bought a new stake in shares of Expedia Group in the fourth quarter worth $861,979,000. Wellington Management Group LLP lifted its holdings in Expedia Group by 24,899.5% in the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after acquiring an additional 1,801,232 shares during the period. AQR Capital Management LLC boosted its position in Expedia Group by 25.0% in 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 during the last quarter. First Trust Advisors LP grew its stake in shares of Expedia Group by 594.0% during the 4th quarter. First Trust Advisors LP now owns 583,830 shares of the online travel company’s stock valued at $165,405,000 after purchasing an additional 499,706 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Expedia Group by 55.0% in the 4th quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock worth $364,363,000 after purchasing an additional 456,176 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXPE has been the topic of a number of research reports. Argus raised their price objective on shares of Expedia Group from $270.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Wells Fargo & Company decreased their price target on shares of Expedia Group from $307.00 to $303.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 30th. Morgan Stanley lifted 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. B. Riley Financial cut their price objective on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Finally, Dbs Bank upgraded Expedia Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, May 11th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $286.58.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 940 shares of Expedia Group 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 sale, the chief accounting officer owned 14,083 shares in the company, 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 filing with the SEC, which is available at the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of the business’s stock in a transaction 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 completion of the transaction, the insider directly owned 105,448 shares in the company, valued at $24,569,384. This trade 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.

Expedia Group Stock Performance

NASDAQ EXPE opened at $266.28 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group, Inc. has a twelve month low of $174.05 and a twelve month high of $303.80. The business has a 50-day moving average price of $238.72 and a 200-day moving average price of $244.87. The firm has a market cap of $32.63 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 0.70 and a beta of 1.23.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the company earned $0.40 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, equities research analysts predict that Expedia Group, Inc. will post 16.98 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th were issued a dividend of $0.48 per share. 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 (DPR) is 16.90%.

Expedia Group Company 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.