Skandinaviska Enskilda Banken AB publ Purchases 53,365 Shares of Expedia Group, Inc. $EXPE

Skandinaviska Enskilda Banken AB publ increased its position in Expedia Group, Inc. (NASDAQ:EXPE) by 37.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 196,464 shares of the online travel company’s stock after purchasing an additional 53,365 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Expedia Group were worth $41,994,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Spire Wealth Management boosted its position in Expedia Group by 114.3% during the second quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after purchasing an additional 80 shares during the period. Grey Fox Wealth Advisors LLC bought a new stake in shares of Expedia Group in the third quarter valued at approximately $30,000. SOA Wealth Advisors LLC. purchased a new stake in shares of Expedia Group during the 3rd quarter valued at approximately $36,000. Armstrong Advisory Group Inc. boosted its holdings in Expedia Group by 212.7% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock worth $37,000 after buying an additional 117 shares during the period. Finally, Westside Investment Management Inc. boosted its holdings in Expedia Group by 43.2% in the 3rd quarter. Westside Investment Management Inc. now owns 189 shares of the online travel company’s stock worth $41,000 after buying an additional 57 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Lance A. Soliday sold 849 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $248.08, for a total transaction of $210,619.92. Following the transaction, the chief accounting officer directly owned 11,662 shares of the company’s stock, valued at approximately $2,893,108.96. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $258.00, for a total value of $258,000.00. Following the sale, the director owned 2,916 shares of the company’s stock, valued at $752,328. This represents a 25.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 9.13% of the company’s stock.

Expedia Group Stock Down 6.4%

Shares of NASDAQ:EXPE opened at $212.67 on Tuesday. The firm has a fifty day moving average of $272.36 and a 200 day moving average of $241.06. Expedia Group, Inc. has a 52-week low of $130.01 and a 52-week high of $303.80. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.74 and a current ratio of 0.73. The firm has a market capitalization of $26.06 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 0.66 and a beta of 1.42.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.46. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.39 EPS. As a group, research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.9%. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, March 5th. Expedia Group’s payout ratio is 16.24%.

Wall Street Analyst Weigh In

EXPE has been the topic of a number of analyst reports. Benchmark lowered their target price on shares of Expedia Group from $310.00 to $290.00 and set a “buy” rating on the stock in a report on Friday. BTIG Research reissued a “buy” rating and set a $330.00 price objective on shares of Expedia Group in a report on Friday. HSBC raised their target price on Expedia Group from $365.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday. Wall Street Zen upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Finally, Piper Sandler restated a “neutral” rating and issued a $225.00 price objective (down from $250.00) on shares of Expedia Group in a research report on Friday. Fourteen analysts have rated the stock with a Buy rating and twenty-one have issued a Hold rating to the company’s stock. According to MarketBeat, Expedia Group presently has an average rating of “Hold” and an average price target of $288.23.

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.