Tredje AP fonden Sells 3,013 Shares of Expedia Group, Inc. $EXPE

Tredje AP fonden lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 17.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 13,931 shares of the online travel company’s stock after selling 3,013 shares during the quarter. Tredje AP fonden’s holdings in Expedia Group were worth $2,978,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPE. Norges Bank acquired a new stake in shares of Expedia Group during the 2nd quarter worth $663,882,000. AQR Capital Management LLC grew its stake in Expedia Group by 102.0% during 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 in the last quarter. LSV Asset Management increased its holdings in Expedia Group by 497.0% in the 2nd quarter. LSV Asset Management now owns 871,837 shares of the online travel company’s stock valued at $147,061,000 after buying an additional 725,797 shares during the period. Meridiem Capital Partners LP bought a new position in Expedia Group in the 2nd quarter valued at about $26,131,000. Finally, Natixis raised its position in shares of Expedia Group by 1,175.3% in the 2nd quarter. Natixis now owns 166,372 shares of the online travel company’s stock valued at $28,064,000 after buying an additional 153,326 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. HSBC lifted their price objective on shares of Expedia Group from $365.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Weiss Ratings downgraded Expedia Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Oppenheimer boosted their price target on Expedia Group from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. BNP Paribas Exane initiated coverage on Expedia Group in a research report on Monday, November 24th. They set a “hold” rating for the company. Finally, Mizuho lifted their target price on Expedia Group from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. Thirteen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to MarketBeat.com, Expedia Group has a consensus rating of “Hold” and an average target price of $282.55.

Expedia Group Stock Performance

Shares of EXPE stock opened at $203.48 on Friday. The stock has a market capitalization of $24.93 billion, a PE ratio of 20.66, a PEG ratio of 0.64 and a beta of 1.41. The business’s 50 day simple moving average is $266.70 and its 200 day simple moving average is $241.21. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.74. Expedia Group, Inc. has a one year low of $130.01 and a one year high of $303.80.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results 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. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the previous year, the company earned $2.39 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, research analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

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

Insider Activity at Expedia Group

In other Expedia Group news, Director Madhumita Moina Banerjee sold 1,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $258.00, for a total transaction of $258,000.00. Following the transaction, the director directly owned 2,916 shares in the company, valued at approximately $752,328. This represents a 25.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.13% of the stock is currently owned by 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.