National Pension Service Acquires 40,328 Shares of Expedia Group, Inc. $EXPE

National Pension Service raised its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 13.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 347,467 shares of the online travel company’s stock after buying an additional 40,328 shares during the period. National Pension Service’s holdings in Expedia Group were worth $88,910,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPE. WINTON GROUP Ltd boosted its stake in shares of Expedia Group by 456.7% during the 2nd quarter. WINTON GROUP Ltd now owns 21,527 shares of the online travel company’s stock worth $5,508,000 after buying an additional 17,660 shares during the last quarter. Capital Analysts LLC increased its position in shares of Expedia Group by 550.0% in the second quarter. Capital Analysts LLC now owns 845 shares of the online travel company’s stock valued at $216,000 after acquiring an additional 715 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Expedia Group by 14.0% in the second quarter. Integrated Wealth Concepts LLC now owns 13,112 shares of the online travel company’s stock valued at $3,355,000 after acquiring an additional 1,606 shares during the last quarter. RFG Advisory LLC raised its holdings in Expedia Group by 1.7% during the second quarter. RFG Advisory LLC now owns 3,127 shares of the online travel company’s stock worth $800,000 after acquiring an additional 52 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in Expedia Group by 12.9% during the second quarter. Baird Financial Group Inc. now owns 160,712 shares of the online travel company’s stock worth $41,123,000 after acquiring an additional 18,321 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 2,810 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the transaction, the chief accounting officer owned 12,006 shares in the company, valued at $3,885,741.90. This represents a 18.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 1,004 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $335.00, for a total transaction of $336,340.00. Following the transaction, the insider directly owned 104,331 shares in the company, valued at $34,950,885. This represents a 0.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 11,950 shares of company stock worth $3,881,995 in the last quarter. 5.20% of the stock is currently owned by corporate insiders.

Expedia Group Stock Performance

EXPE opened at $280.83 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. Expedia Group, Inc. has a 12-month low of $185.34 and a 12-month high of $342.00. The business has a 50 day moving average of $296.44 and a 200-day moving average of $256.51. The stock has a market cap of $33.71 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 0.68 and a beta of 1.25.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, topping analysts’ consensus estimates of $5.22 by $0.54. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.24 earnings per share. On average, equities research analysts expect that Expedia Group, Inc. will post 17.15 earnings per share for the current year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 27th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group’s dividend payout ratio (DPR) is currently 11.97%.

Analyst Ratings Changes

EXPE has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Rosenblatt Securities began coverage on Expedia Group in a research note on Tuesday, September 1st. They set a “neutral” rating and a $360.00 price objective on the stock. Royal Bank Of Canada increased their price objective on Expedia Group from $290.00 to $330.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. Weiss Ratings raised Expedia Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Finally, Wells Fargo & Company raised their target price on shares of Expedia Group from $303.00 to $307.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Eighteen equities research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $318.71.

About Expedia Group

Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.

The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.