SEB Asset Management AB Takes Position in Expedia Group, Inc. $EXPE

SEB Asset Management AB purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 230,646 shares of the online travel company’s stock, valued at approximately $53,254,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Corient Private Wealth LLC grew its stake in shares of Expedia Group by 17.8% during the fourth quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock worth $17,344,000 after purchasing an additional 9,256 shares during the period. Oliver Luxxe Assets LLC acquired a new position in Expedia Group in the fourth quarter valued at about $3,164,000. Swiss Life Asset Management Ltd boosted its holdings in Expedia Group by 48.6% during the third quarter. Swiss Life Asset Management Ltd now owns 43,222 shares of the online travel company’s stock worth $9,239,000 after buying an additional 14,143 shares during the last quarter. Monument Capital Management bought a new position in Expedia Group during the fourth quarter worth about $2,781,000. Finally, Lmcg Investments LLC grew its position in shares of Expedia Group by 276.0% during the 4th quarter. Lmcg Investments LLC now owns 9,655 shares of the online travel company’s stock worth $2,735,000 after buying an additional 7,087 shares during the period. 90.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EXPE shares. Wells Fargo & Company lowered their price target on Expedia Group from $307.00 to $303.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 30th. Truist Financial decreased their price objective on shares of Expedia Group from $252.00 to $246.00 and set a “hold” rating for the company in a report on Monday, April 6th. Barclays upped their target price on shares of Expedia Group from $260.00 to $264.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Gordon Haskett reduced their price target on shares of Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $288.82.

Insiders Place Their Bets

In related news, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the transaction, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Dzielak sold 4,702 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. The trade was a 4.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.20% of the company’s stock.

Expedia Group Price Performance

Shares of EXPE opened at $268.77 on Friday. The stock has a 50 day simple moving average of $240.27 and a 200 day simple moving average of $244.78. Expedia Group, Inc. has a 52-week low of $174.05 and a 52-week high of $303.80. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $32.94 billion, a PE ratio of 23.66, a P/E/G ratio of 0.71 and a beta of 1.23.

Expedia Group (NASDAQ:EXPE) last announced its 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 firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the company posted $0.40 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Sell-side analysts predict that Expedia Group, Inc. will post 16.98 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were given a dividend of $0.48 per share. 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 is currently 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.