Handelsbanken Fonder AB Trims Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Handelsbanken Fonder AB decreased its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 49.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,566 shares of the online travel company’s stock after selling 32,276 shares during the quarter. Handelsbanken Fonder AB’s holdings in Expedia Group were worth $4,943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPE. UMB Bank n.a. increased its position in Expedia Group by 79.7% in the third quarter. UMB Bank n.a. now owns 354 shares of the online travel company’s stock worth $36,000 after buying an additional 157 shares in the last quarter. Czech National Bank boosted its stake in shares of Expedia Group by 42.7% in the third quarter. Czech National Bank now owns 24,092 shares of the online travel company’s stock worth $2,483,000 after acquiring an additional 7,210 shares during the period. Grimes & Company Inc. boosted its stake in shares of Expedia Group by 1.0% in the third quarter. Grimes & Company Inc. now owns 108,961 shares of the online travel company’s stock worth $11,231,000 after acquiring an additional 1,045 shares during the period. SVB Wealth LLC boosted its stake in shares of Expedia Group by 8.9% in the third quarter. SVB Wealth LLC now owns 3,598 shares of the online travel company’s stock worth $371,000 after acquiring an additional 294 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Expedia Group by 35.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 17,303 shares of the online travel company’s stock worth $1,783,000 after acquiring an additional 4,505 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insiders Place Their Bets

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the transaction, the director now directly owns 216,521 shares in the company, valued at approximately $32,486,810.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the transaction, the director now directly owns 216,521 shares in the company, valued at approximately $32,486,810.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lance A. Soliday sold 5,119 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the transaction, the chief accounting officer now owns 10,880 shares in the company, valued at $1,492,844.80. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on EXPE. Wedbush reaffirmed a “neutral” rating and issued a $130.00 price objective on shares of Expedia Group in a research note on Thursday, April 18th. Ascendiant Capital Markets upped their price objective on Expedia Group from $133.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, December 29th. Bank of America lowered Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price objective for the company. in a research note on Friday, February 9th. Jefferies Financial Group dropped their price target on Expedia Group from $150.00 to $145.00 and set a “hold” rating for the company in a research note on Tuesday, March 19th. Finally, Oppenheimer reissued an “outperform” rating and set a $175.00 price target on shares of Expedia Group in a research note on Monday, February 5th. Thirteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Expedia Group has a consensus rating of “Moderate Buy” and a consensus price target of $149.12.

Expedia Group Trading Up 0.3 %

Shares of NASDAQ EXPE opened at $136.25 on Friday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78. The business’s 50 day moving average price is $134.31 and its 200-day moving average price is $133.68. Expedia Group, Inc. has a fifty-two week low of $87.94 and a fifty-two week high of $160.05. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 0.42 and a beta of 1.86.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.10. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. On average, sell-side analysts expect that Expedia Group, Inc. will post 9.71 earnings per share for the current year.

Expedia Group Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.