Expedia Group, Inc. $EXPE Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt raised its position in Expedia Group, Inc. (NASDAQ:EXPE) by 9.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,137 shares of the online travel company’s stock after purchasing an additional 5,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Expedia Group were worth $15,487,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Gordon Haskett lowered their target price on Expedia Group from $320.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. DA Davidson cut their price target on shares of Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Morgan Stanley increased their price target on shares of Expedia Group from $270.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Citic Securities cut their price objective on Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $286.58.

Expedia Group Stock Up 0.2%

Shares of Expedia Group stock opened at $266.28 on Wednesday. Expedia Group, Inc. has a 52-week low of $174.05 and a 52-week high of $303.80. The company has a 50 day moving average of $238.72 and a 200 day moving average of $244.87. 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 market capitalization of $32.63 billion, a P/E ratio of 23.44, a P/E/G ratio of 0.70 and a beta of 1.23.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the business posted $0.40 EPS. The firm’s revenue was up 14.7% on a year-over-year basis. As a group, research analysts forecast that Expedia Group, Inc. will post 16.98 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors 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 dividend on an annualized basis and a dividend yield of 0.7%. Expedia Group’s payout ratio is presently 16.90%.

Expedia Group Company 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.