Swiss National Bank Trims Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Swiss National Bank lessened its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 6.1% during the 4th quarter, Holdings Channel reports. The firm owned 430,991 shares of the online travel company’s stock after selling 27,800 shares during the quarter. Swiss National Bank’s holdings in Expedia Group were worth $65,420,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Boston Partners boosted its position in Expedia Group by 1.3% in the third quarter. Boston Partners now owns 2,567,830 shares of the online travel company’s stock valued at $264,627,000 after buying an additional 32,191 shares during the last quarter. Northern Trust Corp increased its stake in shares of Expedia Group by 1.5% in the third quarter. Northern Trust Corp now owns 1,557,816 shares of the online travel company’s stock worth $160,564,000 after acquiring an additional 22,518 shares during the period. Fisher Asset Management LLC increased its stake in shares of Expedia Group by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,439,626 shares of the online travel company’s stock worth $218,521,000 after acquiring an additional 59,530 shares during the period. Clearbridge Investments LLC lifted its position in Expedia Group by 2.0% during the third quarter. Clearbridge Investments LLC now owns 949,423 shares of the online travel company’s stock valued at $97,857,000 after purchasing an additional 18,471 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Expedia Group by 7.9% in the third quarter. AQR Capital Management LLC now owns 769,665 shares of the online travel company’s stock valued at $79,329,000 after purchasing an additional 56,186 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Price Performance

Expedia Group stock opened at $115.33 on Monday. The company has a fifty day simple moving average of $133.81 and a 200-day simple moving average of $135.45. The firm has a market capitalization of $15.72 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 0.35 and a beta of 1.83. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24. Expedia Group, Inc. has a 52-week low of $87.94 and a 52-week high of $160.05.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.10. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Expedia Group had a net margin of 6.18% and a return on equity of 38.69%. On average, equities analysts anticipate that Expedia Group, Inc. will post 9.7 EPS for the current fiscal year.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 8.07% of the company’s stock.

Analyst Upgrades and Downgrades

EXPE has been the subject of a number of recent research reports. Oppenheimer reiterated an “outperform” rating and set a $175.00 price objective on shares of Expedia Group in a research note on Monday, April 29th. Royal Bank of Canada decreased their price target on Expedia Group from $155.00 to $140.00 and set a “sector perform” rating for the company in a report on Friday. Benchmark reaffirmed a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research note on Friday. Jefferies Financial Group decreased their target price on shares of 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, Bank of America lowered shares of Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price target on the stock. in a research report on Friday, February 9th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $148.08.

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.