Expedia Group, Inc. $EXPE Shares Bought by Railway Pension Investments Ltd

Railway Pension Investments Ltd raised its position in Expedia Group, Inc. (NASDAQ:EXPE) by 1.1% in the second quarter, Holdings Channel reports. The institutional investor owned 268,659 shares of the online travel company’s stock after purchasing an additional 2,959 shares during the period. Railway Pension Investments Ltd’s holdings in Expedia Group were worth $68,744,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of EXPE. Norges Bank acquired a new stake in Expedia Group in the 4th quarter worth about $861,979,000. Wellington Management Group LLP lifted its position in shares of Expedia Group by 24,899.5% in the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after acquiring an additional 1,801,232 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Expedia Group by 25.0% in the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after acquiring an additional 728,063 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Expedia Group during the second quarter worth approximately $166,203,000. Finally, First Trust Advisors LP raised its stake in Expedia Group by 104.1% in the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after purchasing an additional 607,698 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 2,810 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total transaction of $909,456.50. Following the sale, the chief accounting officer owned 12,006 shares of the company’s stock, valued at approximately $3,885,741.90. This represents a 18.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 1,004 shares of Expedia Group stock in a transaction on Monday, August 24th. The shares were sold at an average price of $335.00, for a total value of $336,340.00. Following the completion of the transaction, the insider owned 104,331 shares of the company’s stock, valued at approximately $34,950,885. This trade represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,652 shares of company stock worth $4,977,561 in the last ninety days. 5.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EXPE. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a report on Monday, May 18th. Morgan Stanley upped their price objective on shares of Expedia Group from $290.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Evercore set a $430.00 target price on shares of Expedia Group in a research note on Monday, August 24th. Susquehanna boosted their target price on Expedia Group from $250.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Wall Street Zen cut Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Eighteen investment analysts have rated the stock with a Buy rating and twenty-one have issued a Hold rating to the stock. Based on data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and an average price target of $317.45.

Expedia Group Trading Down 3.7%

Shares of EXPE stock opened at $317.12 on Tuesday. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. The company has a 50-day moving average of $291.00 and a two-hundred day moving average of $251.82. Expedia Group, Inc. has a 1-year low of $185.34 and a 1-year high of $342.00. The firm has a market cap of $38.06 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 0.81 and a beta of 1.22.

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

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 27th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group’s dividend payout ratio is presently 11.97%.

About Expedia Group

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.