Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its position in Expedia Group, Inc. (NASDAQ:EXPE) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,221 shares of the online travel company’s stock after selling 2,523 shares during the quarter. Handelsbanken Fonder AB’s holdings in Expedia Group were worth $4,744,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Expedia Group in the 4th quarter valued at $670,565,000. Geode Capital Management LLC raised its holdings in shares of Expedia Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company’s stock valued at $600,750,000 after purchasing an additional 30,163 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Expedia Group by 6.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company’s stock valued at $439,808,000 after purchasing an additional 150,480 shares in the last quarter. Alkeon Capital Management LLC raised its holdings 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 purchasing an additional 400,000 shares in the last quarter. Finally, Lyrical Asset Management LP raised its holdings in shares of Expedia Group by 1.7% in the 4th quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company’s stock valued at $328,591,000 after purchasing an additional 28,736 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXPE has been the topic of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Expedia Group from $190.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Wedbush reiterated a “neutral” rating and set a $165.00 price target (down from $180.00) on shares of Expedia Group in a research note on Friday, May 9th. Benchmark cut their price target on shares of Expedia Group from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Oppenheimer cut their price target on shares of Expedia Group from $230.00 to $210.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. Finally, Susquehanna cut their price target on shares of Expedia Group from $205.00 to $175.00 and set a “neutral” rating on the stock in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Expedia Group presently has a consensus rating of “Moderate Buy” and an average price target of $186.35.

Expedia Group Stock Down 3.5%

Shares of NASDAQ:EXPE opened at $165.63 on Friday. The company has a market cap of $21.06 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 0.92 and a beta of 1.59. The firm’s 50-day simple moving average is $161.96 and its 200-day simple moving average is $174.78. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a fifty-two week low of $110.20 and a fifty-two week high of $207.73.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. As a group, equities research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Thursday, May 29th. Expedia Group’s payout ratio is 18.87%.

About Expedia Group

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.