Expedia Group, Inc. $EXPE Stock Position Lifted by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S boosted its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 163.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,375 shares of the online travel company’s stock after buying an additional 121,974 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Expedia Group were worth $33,125,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EXPE. Brevan Howard Capital Management LP acquired a new stake in Expedia Group during the second quarter valued at $1,202,000. Blue Capital Inc. acquired a new stake in shares of Expedia Group during the 2nd quarter valued at about $208,000. Adage Capital Partners GP L.L.C. grew its stake in shares of Expedia Group by 89.9% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 71,400 shares of the online travel company’s stock valued at $12,044,000 after buying an additional 33,800 shares in the last quarter. Alkeon Capital Management LLC grew its stake in shares of Expedia Group by 4.2% in the 2nd quarter. Alkeon Capital Management LLC now owns 2,475,276 shares of the online travel company’s stock valued at $417,530,000 after buying an additional 100,000 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Expedia Group by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock worth $492,152,000 after buying an additional 1,473,386 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 849 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $248.08, for a total value of $210,619.92. Following the sale, the chief accounting officer owned 11,662 shares of the company’s stock, valued at $2,893,108.96. The trade was a 6.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $271.55, for a total transaction of $814,650.00. Following the completion of the transaction, the director owned 30,858 shares of the company’s stock, valued at approximately $8,379,489.90. This represents a 8.86% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 4,849 shares of company stock worth $1,283,270. 9.13% of the stock is currently owned by company insiders.

Expedia Group Stock Down 2.5%

Shares of EXPE stock opened at $274.21 on Friday. Expedia Group, Inc. has a 12 month low of $130.01 and a 12 month high of $282.96. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72. The firm has a market cap of $33.60 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. The stock has a 50 day moving average of $239.66 and a 200-day moving average of $208.93.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $7.10 by $0.47. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the prior year, the firm earned $6.13 EPS. The business’s revenue was up 8.7% on a year-over-year basis. On average, equities analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.60 annualized dividend and a yield of 0.6%. Expedia Group’s dividend payout ratio is 15.31%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on EXPE shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Expedia Group from $185.00 to $235.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Royal Bank Of Canada increased their target price on shares of Expedia Group from $200.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. Barclays upped their price target on Expedia Group from $197.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Wells Fargo & Company raised their price objective on Expedia Group from $212.00 to $272.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Finally, Wedbush upped their target price on Expedia Group from $230.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and twenty-five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $265.78.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.