Norges Bank Takes $861.98 Million Position in Expedia Group, Inc. $EXPE

Norges Bank acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPEFree Report) in the 4th quarter, HoldingsChannel reports. The fund acquired 3,042,531 shares of the online travel company’s stock, valued at approximately $861,979,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Orion Porfolio Solutions LLC boosted its stake in shares of Expedia Group by 0.4% in the third quarter. Orion Porfolio Solutions LLC now owns 9,814 shares of the online travel company’s stock valued at $2,098,000 after purchasing an additional 38 shares during the period. RHS Financial LLC boosted its stake in shares of Expedia Group by 4.0% in the fourth quarter. RHS Financial LLC now owns 1,030 shares of the online travel company’s stock valued at $292,000 after purchasing an additional 40 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Expedia Group by 8.2% in the fourth quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company’s stock valued at $161,000 after purchasing an additional 43 shares during the period. Harbor Investment Advisory LLC boosted its stake in shares of Expedia Group by 16.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 319 shares of the online travel company’s stock valued at $90,000 after purchasing an additional 44 shares during the period. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Expedia Group by 78.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Down 0.8%

EXPE stock opened at $225.79 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group, Inc. has a twelve month low of $160.00 and a twelve month high of $303.80. The company’s 50 day moving average is $235.30 and its two-hundred day moving average is $249.18. The stock has a market cap of $27.67 billion, a P/E ratio of 19.88, a PEG ratio of 0.69 and a beta of 1.30.

Expedia Group (NASDAQ:EXPEGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the company earned $0.40 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Research analysts expect that Expedia Group, Inc. will post 17.07 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a yield of 0.9%. Expedia Group’s dividend payout ratio (DPR) is presently 16.90%.

Insider Buying and Selling

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the sale, the insider directly owned 102,480 shares in the company, valued at approximately $22,629,633.60. The trade was a 7.43% decrease in their position. The SEC filing for this sale provides additional information. 5.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EXPE has been the subject of several recent research reports. Argus lowered their price objective on shares of Expedia Group from $345.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Truist Financial lowered their price objective on shares of Expedia Group from $252.00 to $246.00 and set a “hold” rating for the company in a research note on Monday, April 6th. BTIG Research reiterated a “buy” rating and issued a $330.00 price target on shares of Expedia Group in a research note on Monday, May 18th. Morgan Stanley lifted their price target on shares of Expedia Group from $270.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Finally, B. Riley Financial decreased their price target on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Sixteen equities research analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $284.42.

Read Our Latest Research Report on Expedia Group

About Expedia Group

(Free Report)

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.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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