Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 70,837 shares of the online travel company’s stock, valued at approximately $18,126,000. Livforsakringsbolaget Skandia Omsesidigt owned 0.06% of Expedia Group at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in Expedia Group in the fourth quarter worth $861,979,000. Wellington Management Group LLP lifted its position in shares of Expedia Group by 24,899.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after buying an additional 1,801,232 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Expedia Group by 25.0% during the 3rd 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 period. Bank of New York Mellon Corp bought a new position in shares of Expedia Group during the 2nd quarter worth $166,203,000. Finally, First Trust Advisors LP increased its holdings 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 worth $275,112,000 after acquiring an additional 607,698 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.
Expedia Group Trading Up 3.3%
Shares of Expedia Group stock opened at $329.44 on Friday. Expedia Group, Inc. has a 12-month low of $185.34 and a 12-month high of $342.00. The company has a market cap of $39.54 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.78 and a beta of 1.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21. The company’s 50-day moving average price is $289.42 and its 200-day moving average price is $251.18.
Expedia Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 27th. Expedia Group’s payout ratio is 11.97%.
Wall Street Analysts Forecast Growth
EXPE has been the topic of several recent research reports. Evercore set a $430.00 price objective on shares of Expedia Group in a report on Monday. Citigroup reissued a “neutral” rating on shares of Expedia Group in a research report on Wednesday, August 12th. Barclays upped their price target on shares of Expedia Group from $264.00 to $320.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Expedia Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Finally, Cantor Fitzgerald lifted their price objective on shares of Expedia Group from $255.00 to $310.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Eighteen equities research analysts have rated the stock with a Buy rating and twenty-one have given a Hold rating to the company. According to data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and an average target price of $317.45.
View Our Latest Report on EXPE
Insider Activity
In related news, Director Craig A. Jacobson sold 3,133 shares of Expedia Group stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the sale, the director owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 2,810 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value of $909,456.50. Following the transaction, the chief accounting officer owned 12,006 shares of the company’s stock, valued at approximately $3,885,741.90. The trade was a 18.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,652 shares of company stock worth $4,977,561 in the last three months. Corporate insiders own 5.20% of the company’s stock.
Expedia Group Profile
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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