Gulf International Bank UK Ltd Has $1.21 Million Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Gulf International Bank UK Ltd cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 35.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,216 shares of the online travel company’s stock after selling 3,903 shares during the period. Gulf International Bank UK Ltd’s holdings in Expedia Group were worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in EXPE. Nuveen LLC bought a new stake in shares of Expedia Group in the 1st quarter valued at about $227,174,000. Los Angeles Capital Management LLC increased its stake in shares of Expedia Group by 3,369.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company’s stock valued at $172,995,000 after acquiring an additional 999,454 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Expedia Group in the 1st quarter valued at about $82,975,000. Bamco Inc. NY bought a new stake in shares of Expedia Group in the 4th quarter valued at about $80,206,000. Finally, Alkeon Capital Management LLC increased its stake in shares of Expedia Group by 25.4% in the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company’s stock valued at $368,276,000 after acquiring an additional 400,000 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXPE has been the subject of a number of recent analyst reports. Piper Sandler set a $190.00 price target on Expedia Group and gave the company an “underweight” rating in a research note on Friday, August 8th. Oppenheimer reissued an “outperform” rating on shares of Expedia Group in a research note on Friday, August 8th. The Goldman Sachs Group lowered their target price on Expedia Group from $219.00 to $183.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Bank of America increased their target price on Expedia Group from $211.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, DA Davidson increased their target price on Expedia Group from $174.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Expedia Group currently has a consensus rating of “Moderate Buy” and an average target price of $205.63.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 2,658 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $205.57, for a total transaction of $546,405.06. Following the completion of the sale, the insider owned 74,417 shares of the company’s stock, valued at $15,297,902.69. This trade represents a 3.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.13% of the stock is owned by corporate insiders.

Expedia Group Trading Up 0.1%

Shares of Expedia Group stock opened at $207.44 on Friday. The business has a fifty day simple moving average of $179.94 and a two-hundred day simple moving average of $173.79. Expedia Group, Inc. has a 1 year low of $126.46 and a 1 year high of $213.00. The company has a market capitalization of $25.66 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 1.03 and a beta of 1.61. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter last year, the firm posted $3.51 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 0.8%. Expedia Group’s dividend payout ratio (DPR) is currently 19.61%.

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.