Forsta AP Fonden Lowers Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Forsta AP Fonden reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 10.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,400 shares of the online travel company’s stock after selling 4,100 shares during the quarter. Forsta AP Fonden’s holdings in Expedia Group were worth $4,208,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. AdvisorShares Investments LLC boosted its stake in shares of Expedia Group by 7.1% during the second quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company’s stock valued at $186,000 after purchasing an additional 100 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Expedia Group by 3.8% in the second quarter. Daiwa Securities Group Inc. now owns 16,048 shares of the online travel company’s stock valued at $2,022,000 after acquiring an additional 594 shares in the last quarter. Andra AP fonden raised its holdings in shares of Expedia Group by 94.5% in the second quarter. Andra AP fonden now owns 133,800 shares of the online travel company’s stock valued at $16,857,000 after acquiring an additional 65,000 shares in the last quarter. X Square Capital LLC raised its holdings in shares of Expedia Group by 7.7% in the second quarter. X Square Capital LLC now owns 15,780 shares of the online travel company’s stock valued at $1,988,000 after acquiring an additional 1,134 shares in the last quarter. Finally, Ballentine Partners LLC bought a new stake in shares of Expedia Group in the second quarter valued at about $204,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the transaction, the insider now directly owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the transaction, the insider now directly owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $135.77 on Friday. The business’s 50 day moving average price is $130.81 and its 200 day moving average price is $127.90. The firm has a market cap of $17.67 billion, a P/E ratio of 25.43, a P/E/G ratio of 0.51 and a beta of 1.79. Expedia Group, Inc. has a 52 week low of $92.48 and a 52 week high of $160.05. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, topping the consensus estimate of $3.17 by $0.34. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.34 EPS. On average, sell-side analysts expect that Expedia Group, Inc. will post 8.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

EXPE has been the subject of several recent research reports. UBS Group decreased their price objective on Expedia Group from $140.00 to $137.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Truist Financial initiated coverage on Expedia Group in a report on Friday, September 6th. They issued a “hold” rating and a $148.00 price objective for the company. DA Davidson restated a “neutral” rating and issued a $135.00 price objective on shares of Expedia Group in a report on Friday, August 9th. Wells Fargo & Company reduced their target price on shares of Expedia Group from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $140.00 target price on shares of Expedia Group in a report on Friday, August 9th. Eighteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and an average target price of $148.00.

Expedia Group Profile

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.