Skandinaviska Enskilda Banken AB publ Sells 42,103 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Skandinaviska Enskilda Banken AB publ lowered its position in Expedia Group, Inc. (NASDAQ:EXPE) by 54.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 35,346 shares of the online travel company’s stock after selling 42,103 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Expedia Group were worth $4,453,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Avantax Advisory Services Inc. acquired a new stake in shares of Expedia Group in the 4th quarter valued at about $226,000. US Bancorp DE lifted its stake in Expedia Group by 176.8% during the 4th quarter. US Bancorp DE now owns 19,677 shares of the online travel company’s stock valued at $2,987,000 after acquiring an additional 12,567 shares in the last quarter. Commerce Bank lifted its position in shares of Expedia Group by 4.3% during the fourth quarter. Commerce Bank now owns 2,304 shares of the online travel company’s stock valued at $350,000 after purchasing an additional 96 shares in the last quarter. AXS Investments LLC boosted its stake in shares of Expedia Group by 31.0% in the 4th quarter. AXS Investments LLC now owns 2,090 shares of the online travel company’s stock worth $317,000 after buying an additional 495 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Expedia Group during the fourth quarter valued at about $298,000. 90.76% of the stock is owned by institutional investors.

Insider Transactions at Expedia Group

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Piper Sandler reissued a “neutral” rating and issued a $140.00 price target (down previously from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Royal Bank of Canada restated a “sector perform” rating and set a $140.00 target price on shares of Expedia Group in a research report on Friday, August 9th. DA Davidson reiterated a “neutral” rating and issued a $135.00 price target on shares of Expedia Group in a research report on Friday, August 9th. Cantor Fitzgerald assumed coverage on Expedia Group in a report on Thursday, September 5th. They set a “neutral” rating and a $130.00 price objective on the stock. Finally, Wedbush upped their price target on Expedia Group from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Eighteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $148.00.

Expedia Group Trading Up 1.1 %

NASDAQ:EXPE opened at $144.04 on Monday. The stock has a fifty day moving average price of $131.94 and a 200 day moving average price of $128.02. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. Expedia Group, Inc. has a 12-month low of $92.48 and a 12-month high of $160.05. The firm has a market cap of $19.63 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 0.51 and a beta of 1.79.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.17 by $0.34. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the firm posted $2.34 EPS. Sell-side analysts anticipate that Expedia Group, Inc. will post 8.98 earnings per share for the current fiscal year.

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.