Andra AP fonden Has $25.09 Million Stock Position in Expedia Group, Inc. $EXPE

Andra AP fonden grew its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 46.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,073 shares of the online travel company’s stock after buying an additional 31,200 shares during the quarter. Andra AP fonden’s holdings in Expedia Group were worth $25,095,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Expedia Group during the 4th quarter worth about $861,979,000. Bank of New York Mellon Corp acquired a new position in shares of Expedia Group during the second quarter worth about $166,203,000. First Trust Advisors LP grew its holdings in shares of Expedia Group by 104.1% during the first quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock worth $275,112,000 after buying an additional 607,698 shares in the last quarter. Deutsche Bank AG raised its position in 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 valued at $364,363,000 after buying an additional 456,176 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Expedia Group by 67.7% in the 2nd quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock valued at $199,622,000 after acquiring an additional 314,984 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EXPE has been the topic of a number of research reports. Susquehanna boosted their price objective on shares of Expedia Group from $250.00 to $315.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Evercore set a $430.00 price target on shares of Expedia Group in a research note on Monday, August 24th. Rosenblatt Securities began coverage on Expedia Group in a research note on Tuesday, September 1st. They issued a “neutral” rating and a $360.00 price objective on the stock. Wall Street Zen raised Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Benchmark increased their price target on Expedia Group from $290.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Eighteen analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $316.79.

Expedia Group Stock Performance

NASDAQ EXPE traded down $12.57 during trading on Tuesday, reaching $268.45. The company’s stock had a trading volume of 1,959,704 shares, compared to its average volume of 2,012,530. The firm has a 50 day moving average price of $298.67 and a 200 day moving average price of $260.15. Expedia Group, Inc. has a 12 month low of $185.34 and a 12 month high of $342.00. The firm has a market capitalization of $32.22 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 0.68 and a beta of 1.25. 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 released its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating analysts’ consensus estimates of $5.22 by $0.54. The company 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 firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.24 earnings per share. As a group, equities analysts anticipate that Expedia Group, Inc. will post 17.14 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, August 27th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $1.92 annualized dividend and a yield of 0.7%. Expedia Group’s dividend payout ratio is currently 11.97%.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Craig A. Jacobson sold 3,133 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total value of $1,029,253.16. Following the sale, the director owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. This trade represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 3,003 shares of Expedia Group stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $315.00, for a total value of $945,945.00. Following the completion of the transaction, the insider owned 103,829 shares in the company, valued at approximately $32,706,135. The trade was a 2.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,950 shares of company stock valued at $3,881,995 in the last ninety days. 5.20% of the stock is currently owned by company insiders.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.

The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.