Expedia Group, Inc. $EXPE Shares Bought by Railway Pension Investments Ltd

Railway Pension Investments Ltd grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 187.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 330,900 shares of the online travel company’s stock after acquiring an additional 215,700 shares during the period. Railway Pension Investments Ltd’s holdings in Expedia Group were worth $93,747,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. MUFG Securities EMEA plc lifted its position in shares of Expedia Group by 112.1% during the 4th quarter. MUFG Securities EMEA plc now owns 4,797 shares of the online travel company’s stock valued at $1,359,000 after acquiring an additional 2,535 shares during the period. AdvisorShares Investments LLC lifted its position in shares of Expedia Group by 304.5% during the 4th quarter. AdvisorShares Investments LLC now owns 2,403 shares of the online travel company’s stock valued at $681,000 after acquiring an additional 1,809 shares during the period. Impact Partnership Wealth LLC lifted its position in shares of Expedia Group by 24.5% during the 4th quarter. Impact Partnership Wealth LLC now owns 4,922 shares of the online travel company’s stock valued at $1,395,000 after acquiring an additional 970 shares during the period. Norges Bank acquired a new stake in shares of Expedia Group during the 4th quarter valued at approximately $861,979,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Expedia Group during the 4th quarter valued at approximately $4,181,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EXPE. BTIG Research reiterated a “buy” rating and set a $330.00 price target on shares of Expedia Group in a research report on Monday, May 18th. Mizuho cut their price objective on Expedia Group from $270.00 to $245.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. B. Riley Financial cut their price objective on Expedia Group from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Evercore restated an “outperform” rating on shares of Expedia Group in a research report on Monday, February 9th. Finally, Gordon Haskett cut their price objective on Expedia Group from $320.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $284.42.

Expedia Group Trading Down 0.8%

Shares of Expedia Group stock opened at $225.79 on Friday. The company has a market capitalization of $27.67 billion, a P/E ratio of 19.88, a P/E/G ratio of 0.69 and a beta of 1.30. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a 1 year low of $160.00 and a 1 year high of $303.80. The business has a 50 day moving average price of $235.30 and a 200 day moving average price of $249.18.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.41 by $0.55. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. Expedia Group’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 EPS. Sell-side analysts anticipate that Expedia Group, Inc. will post 17.07 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 28th. Expedia Group’s payout ratio is presently 16.90%.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the sale, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the completion of the sale, the insider directly owned 102,480 shares of the company’s stock, valued at $22,629,633.60. The trade was a 7.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.20% of the stock is currently owned by insiders.

Expedia Group 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.