Andra AP fonden Takes $28.45 Million Position in Expedia Group, Inc. $EXPE

Andra AP fonden bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 133,100 shares of the online travel company’s stock, valued at approximately $28,450,000. Andra AP fonden owned about 0.11% of Expedia Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of EXPE. Grey Fox Wealth Advisors LLC acquired a new stake in Expedia Group during the 3rd quarter worth about $30,000. Spire Wealth Management lifted its stake in shares of Expedia Group by 114.3% in the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock valued at $25,000 after purchasing an additional 80 shares during the period. Rossby Financial LCC boosted its position in shares of Expedia Group by 103.8% during the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock valued at $35,000 after purchasing an additional 82 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new stake in Expedia Group during the third quarter worth approximately $36,000. Finally, Armstrong Advisory Group Inc. increased its holdings in Expedia Group by 212.7% in the third quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock worth $37,000 after purchasing an additional 117 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on EXPE shares. Weiss Ratings downgraded shares of Expedia Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. TD Cowen reduced their price target on shares of Expedia Group from $300.00 to $260.00 and set a “hold” rating for the company in a report on Friday, February 13th. Morgan Stanley upped their price objective on shares of Expedia Group from $180.00 to $270.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Argus cut their price objective on shares of Expedia Group from $345.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Finally, BNP Paribas Exane started coverage on Expedia Group in a research note on Monday, November 24th. They issued a “hold” rating for the company. Thirteen investment analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $282.55.

Expedia Group Stock Up 7.0%

EXPE opened at $217.93 on Friday. Expedia Group, Inc. has a fifty-two week low of $130.01 and a fifty-two week high of $303.80. The firm has a market capitalization of $26.71 billion, a P/E ratio of 22.12, a PEG ratio of 0.63 and a beta of 1.41. The company’s 50-day moving average is $260.13 and its 200 day moving average is $241.20. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, beating the consensus estimate of $3.32 by $0.46. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same quarter last year, the business posted $2.39 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be given a $0.48 dividend. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. This represents a $1.92 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, March 5th. Expedia Group’s payout ratio is presently 16.24%.

Insiders Place Their Bets

In other Expedia Group news, Director Madhumita Moina Banerjee sold 1,000 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $258.00, for a total value of $258,000.00. Following the completion of the transaction, the director owned 2,916 shares in the company, valued at $752,328. This represents a 25.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 9.13% of the company’s stock.

Expedia Group Company 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.