Swedbank AB Trims Stake in Expedia Group, Inc. $EXPE

Swedbank AB reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 3.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 166,668 shares of the online travel company’s stock after selling 5,948 shares during the period. Swedbank AB’s holdings in Expedia Group were worth $38,482,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Motiv8 Investments LLC purchased a new position in shares of Expedia Group during the 4th quarter worth approximately $25,000. Entrust Financial LLC purchased a new position in shares of Expedia Group in the 4th quarter valued at approximately $26,000. JFS Wealth Advisors LLC lifted its stake in shares of Expedia Group by 78.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after purchasing an additional 44 shares during the period. Lodestone Wealth Management LLC bought a new stake in shares of Expedia Group during the fourth quarter valued at approximately $29,000. Finally, Sunbelt Securities Inc. grew its stake in Expedia Group by 970.6% in the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after purchasing an additional 165 shares during the period. 90.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings downgraded Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Citic Securities reduced their target price on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. BTIG Research reaffirmed a “buy” rating and issued a $330.00 target price on shares of Expedia Group in a research report on Tuesday, June 9th. Sanford C. Bernstein decreased their price target on shares of Expedia Group from $256.00 to $253.00 and set a “market perform” rating for the company in a research note on Wednesday, March 11th. Finally, Piper Sandler lifted their price target on shares of Expedia Group from $225.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Sixteen equities research analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company. Based on data from MarketBeat, Expedia Group has an average rating of “Hold” and an average price target of $286.27.

Expedia Group Stock Down 3.5%

Expedia Group stock opened at $260.31 on Thursday. Expedia Group, Inc. has a 12 month low of $174.05 and a 12 month high of $303.80. The stock has a fifty day simple moving average of $237.11 and a two-hundred day simple moving average of $245.45. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. The firm has a market cap of $31.90 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 0.71 and a beta of 1.23.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results 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 return on equity of 84.33% and a net margin of 9.81%.The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Equities analysts predict that Expedia Group, Inc. will post 16.98 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.7%. Expedia Group’s dividend payout ratio is currently 16.90%.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at $3,124,454.38. This trade represents a 6.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the sale, the insider owned 105,448 shares of the company’s stock, valued at $24,569,384. This represents a 4.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 5.20% of the company’s stock.

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.