Handelsbanken Fonder AB Has $3.86 Million Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Handelsbanken Fonder AB lifted its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,088 shares of the online travel company’s stock after acquiring an additional 817 shares during the quarter. Handelsbanken Fonder AB’s holdings in Expedia Group were worth $3,862,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. ValueAct Holdings L.P. acquired a new position in Expedia Group during the 4th quarter worth about $645,346,000. Pacer Advisors Inc. lifted its holdings in Expedia Group by 36.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after buying an additional 714,229 shares during the period. Acadian Asset Management LLC lifted its holdings in Expedia Group by 414.4% during the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock worth $94,512,000 after buying an additional 552,831 shares during the period. Point72 Asset Management L.P. lifted its holdings in Expedia Group by 1,649.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after buying an additional 384,305 shares during the period. Finally, AustralianSuper Pty Ltd lifted its holdings in Expedia Group by 88.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after buying an additional 354,389 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 5,417 shares of the business’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 owns 84,543 shares in the company, valued at $11,379,487.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Robert J. Dzielak sold 5,417 shares of the business’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 owns 84,543 shares in the company, valued at $11,379,487.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the completion of the transaction, the director now owns 208,505 shares in the company, valued at $31,319,536.05. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,019 shares of company stock valued at $5,390,191. Corporate insiders own 8.07% of the company’s stock.

Expedia Group Stock Performance

Shares of EXPE opened at $151.95 on Wednesday. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a 50 day moving average price of $135.42 and a two-hundred day moving average price of $128.97. The firm has a market capitalization of $20.71 billion, a P/E ratio of 28.46, a P/E/G ratio of 0.56 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.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, topping analysts’ consensus estimates of $3.17 by $0.34. The firm had revenue of $3.56 billion during 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 company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.34 EPS. Equities analysts forecast that Expedia Group, Inc. will post 8.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on EXPE. Barclays cut their target price on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Piper Sandler reissued a “neutral” rating and issued a $140.00 price objective (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. DA Davidson reissued a “neutral” rating and issued a $135.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. BTIG Research lifted their price objective on Expedia Group from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Wells Fargo & Company lifted their price objective on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Nineteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $150.85.

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.