Livforsakringsbolaget Skandia Omsesidigt Invests $18.13 Million in Expedia Group, Inc. $EXPE

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the second quarter, Holdings Channel reports. The firm purchased 70,837 shares of the online travel company’s stock, valued at approximately $18,126,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Windacre Partnership LLC grew its position in Expedia Group by 9.2% during the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock valued at $787,049,000 after acquiring an additional 309,900 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Expedia Group by 25.0% in the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after acquiring an additional 728,063 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Expedia Group by 8.0% in the 3rd quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock worth $667,507,000 after acquiring an additional 230,176 shares during the last quarter. Norges Bank purchased a new stake in shares of Expedia Group in the 4th quarter valued at $861,979,000. Finally, Wellington Management Group LLP boosted its stake in shares of Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after purchasing an additional 1,801,232 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 2,810 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total transaction of $909,456.50. Following the transaction, the chief accounting officer directly owned 12,006 shares of the company’s stock, valued at approximately $3,885,741.90. The trade was a 18.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 1,004 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $335.00, for a total value of $336,340.00. Following the transaction, the insider owned 104,331 shares of the company’s stock, valued at approximately $34,950,885. This represents a 0.95% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 16,652 shares of company stock worth $4,977,561. 5.20% of the stock is currently owned by company insiders.

Expedia Group Price Performance

EXPE stock opened at $329.44 on Friday. The firm’s 50-day moving average price is $289.42 and its two-hundred day moving average price is $251.18. Expedia Group, Inc. has a 12-month low of $185.34 and a 12-month high of $342.00. The stock has a market capitalization of $39.54 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.78 and a beta of 1.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating the consensus estimate of $5.22 by $0.54. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.24 earnings per share. As a group, equities analysts predict that Expedia Group, Inc. will post 17.15 earnings per share for the current year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a yield of 0.6%. Expedia Group’s dividend payout ratio is presently 11.97%.

Wall Street Analysts Forecast Growth

EXPE has been the subject of several analyst reports. Robert W. Baird set a $335.00 price target on shares of Expedia Group in a research report on Thursday, August 6th. Bank of America reiterated a “buy” rating on shares of Expedia Group in a report on Thursday, August 6th. Citic Securities lowered their target price on Expedia Group from $337.00 to $320.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Wall Street Zen cut Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Argus raised their price target on Expedia Group from $270.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating and twenty-one have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $317.45.

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.