Swiss National Bank Sells 14,000 Shares of Expedia Group Inc (NASDAQ:EXPE)

Swiss National Bank cut its position in shares of Expedia Group Inc (NASDAQ:EXPE) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 394,870 shares of the online travel company’s stock after selling 14,000 shares during the period. Swiss National Bank owned about 0.27% of Expedia Group worth $52,530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Alta Capital Management LLC grew its stake in Expedia Group by 40.5% during the 1st quarter. Alta Capital Management LLC now owns 272,644 shares of the online travel company’s stock worth $32,444,000 after buying an additional 78,604 shares during the last quarter. MML Investors Services LLC grew its stake in Expedia Group by 0.9% during the 1st quarter. MML Investors Services LLC now owns 12,262 shares of the online travel company’s stock valued at $1,459,000 after purchasing an additional 109 shares during the last quarter. Greencape Capital Pty Ltd grew its stake in Expedia Group by 0.9% during the 1st quarter. Greencape Capital Pty Ltd now owns 189,821 shares of the online travel company’s stock valued at $22,589,000 after purchasing an additional 1,600 shares during the last quarter. Riverhead Capital Management LLC grew its stake in Expedia Group by 310.2% during the 1st quarter. Riverhead Capital Management LLC now owns 16,662 shares of the online travel company’s stock valued at $1,983,000 after purchasing an additional 12,600 shares during the last quarter. Finally, Fiera Capital Corp grew its stake in Expedia Group by 15.3% during the 1st quarter. Fiera Capital Corp now owns 9,335 shares of the online travel company’s stock valued at $1,111,000 after purchasing an additional 1,242 shares during the last quarter. 77.09% of the stock is owned by institutional investors and hedge funds.

NASDAQ:EXPE opened at $130.25 on Tuesday. Expedia Group Inc has a 12 month low of $108.11 and a 12 month high of $144.00. The stock has a 50 day moving average of $132.84 and a two-hundred day moving average of $125.94. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.71. The firm has a market cap of $19.24 billion, a P/E ratio of 27.08, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, July 25th. The online travel company reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.07. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the business earned $1.45 EPS. Expedia Group’s quarterly revenue was up 9.5% on a year-over-year basis. On average, research analysts forecast that Expedia Group Inc will post 5.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.34 per share. This is a positive change from Expedia Group’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 1.04%. The ex-dividend date is Wednesday, August 21st. Expedia Group’s payout ratio is 26.61%.

Several analysts have weighed in on the company. Cleveland Research assumed coverage on Expedia Group in a research note on Wednesday, June 19th. They set a “neutral” rating on the stock. Jefferies Financial Group boosted their price target on Expedia Group from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Citigroup set a $140.00 price target on Expedia Group and gave the company a “hold” rating in a research note on Friday, July 26th. Barclays reiterated a “buy” rating and set a $145.00 price target on shares of Expedia Group in a research note on Monday, May 6th. Finally, Cowen boosted their price target on Expedia Group from $155.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $152.43.

In other news, Director Susan C. Athey sold 2,425 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $134.59, for a total value of $326,380.75. Following the completion of the sale, the director now directly owns 1,462 shares in the company, valued at $196,770.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig A. Jacobson sold 3,300 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $130.53, for a total value of $430,749.00. Following the completion of the sale, the director now owns 30,480 shares of the company’s stock, valued at $3,978,554.40. The disclosure for this sale can be found here. 20.96% of the stock is currently owned by insiders.

About Expedia Group

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

Further Reading: Trade War

Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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