Swiss National Bank Buys 19,600 Shares of Expedia Group, Inc. $EXPE

Swiss National Bank increased its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 6.1% during the first quarter, HoldingsChannel.com reports. The firm owned 343,391 shares of the online travel company’s stock after buying an additional 19,600 shares during the period. Swiss National Bank’s holdings in Expedia Group were worth $79,286,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Motiv8 Investments LLC bought a new stake in shares of Expedia Group during the fourth quarter valued at about $25,000. Entrust Financial LLC purchased a new position in Expedia Group during the fourth quarter valued at approximately $26,000. JFS Wealth Advisors LLC increased its holdings in Expedia Group by 78.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after acquiring an additional 44 shares during the period. Lodestone Wealth Management LLC purchased a new stake in Expedia Group in the 4th quarter worth approximately $29,000. Finally, Sunbelt Securities Inc. lifted its stake in Expedia Group by 970.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Trading Down 0.1%

NASDAQ:EXPE opened at $264.94 on Wednesday. The firm has a market capitalization of $32.47 billion, a P/E ratio of 23.32, a P/E/G ratio of 0.70 and a beta of 1.23. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. The company has a fifty day moving average of $242.01 and a 200 day moving average of $244.22. Expedia Group, Inc. has a 52 week low of $174.05 and a 52 week high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the company earned $0.40 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, research analysts predict that Expedia Group, Inc. will post 16.98 earnings per share for the current year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. Expedia Group’s dividend payout ratio (DPR) is presently 16.90%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Barclays boosted their price target on shares of Expedia Group from $260.00 to $264.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Morgan Stanley increased their price objective on Expedia Group from $270.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Argus boosted their target price on Expedia Group from $270.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. BTIG Research restated a “buy” rating and set a $330.00 target price on shares of Expedia Group in a research report on Tuesday, June 9th. Finally, Citic Securities decreased their target price on Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $288.52.

Insider Activity

In related news, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the transaction, the chief accounting officer owned 14,083 shares in the company, valued at $3,124,454.38. The trade was a 6.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 4,702 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the transaction, the insider directly owned 105,448 shares of the company’s stock, valued at $24,569,384. The trade was a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.20% of the stock is owned by company insiders.

Expedia Group 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.