2,058 Shares in Expedia Group, Inc. $EXPE Acquired by Oslo Pensjonsforsikring AS

Oslo Pensjonsforsikring AS bought a new position in Expedia Group, Inc. (NASDAQ:EXPE) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,058 shares of the online travel company’s stock, valued at approximately $475,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft increased its position in shares of Expedia Group by 54.4% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,881 shares of the online travel company’s stock valued at $416,000 after purchasing an additional 663 shares during the period. Wilkerson Advisory Group LLC raised its stake in shares of Expedia Group by 53.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 464 shares of the online travel company’s stock worth $107,000 after buying an additional 162 shares in the last quarter. Convergence Investment Partners LLC lifted its holdings in shares of Expedia Group by 48.1% in the first quarter. Convergence Investment Partners LLC now owns 7,688 shares of the online travel company’s stock valued at $1,775,000 after buying an additional 2,498 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Expedia Group by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,190,874 shares of the online travel company’s stock valued at $274,948,000 after buying an additional 17,378 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Expedia Group by 3.6% during the first quarter. Parallel Advisors LLC now owns 1,927 shares of the online travel company’s stock valued at $445,000 after buying an additional 67 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Insider Activity

In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the transaction, the insider directly owned 105,448 shares in the company, valued at $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the transaction, the chief accounting officer directly owned 14,083 shares in the company, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.20% of the company’s stock.

Expedia Group Stock Down 0.1%

Shares of Expedia Group stock opened at $264.94 on Wednesday. The stock’s fifty day moving average is $242.01 and its 200-day moving average is $244.22. The firm has a market capitalization of $32.47 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 0.70 and a beta of 1.23. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group, Inc. has a 12-month low of $174.05 and a 12-month high of $303.80.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the business posted $0.40 earnings per share. Expedia Group’s revenue was up 14.7% compared to the same quarter last year. Equities analysts anticipate that Expedia Group, Inc. will post 16.98 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. Expedia Group’s dividend payout ratio is currently 16.90%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Dbs Bank raised Expedia Group from a “hold” rating to a “moderate buy” rating in a report on Monday, May 11th. Susquehanna upped their price target on shares of Expedia Group from $240.00 to $250.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Citigroup restated a “neutral” rating on shares of Expedia Group in a research report on Monday, May 18th. Morgan Stanley lifted their price objective on shares of Expedia Group from $270.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Finally, TD Cowen boosted their target price on shares of Expedia Group from $260.00 to $285.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Seventeen analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $288.52.

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.