Nykredit A S Takes Position in Expedia Group, Inc. $EXPE

Nykredit A S purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 57,938 shares of the online travel company’s stock, valued at approximately $14,825,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC purchased a new position in shares of Expedia Group in the second quarter worth about $67,000. Independence Bank of Kentucky grew its stake in Expedia Group by 0.6% during the 2nd quarter. Independence Bank of Kentucky now owns 5,270 shares of the online travel company’s stock valued at $1,348,000 after acquiring an additional 32 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Expedia Group in the 2nd quarter valued at about $858,000. Rehmann Capital Advisory Group raised its holdings in Expedia Group by 6.5% in the 2nd quarter. Rehmann Capital Advisory Group now owns 7,438 shares of the online travel company’s stock valued at $1,904,000 after acquiring an additional 453 shares during the last quarter. Finally, Railway Pension Investments Ltd lifted its stake in Expedia Group by 1.1% in the 2nd quarter. Railway Pension Investments Ltd now owns 268,659 shares of the online travel company’s stock worth $68,744,000 after purchasing an additional 2,959 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

In related news, insider Robert Dzielak sold 3,003 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $315.00, for a total transaction of $945,945.00. Following the completion of the sale, the insider directly owned 103,829 shares of the company’s stock, valued at approximately $32,706,135. This trade represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig Jacobson sold 3,133 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the sale, the director owned 29,832 shares in the company, valued at approximately $9,800,408.64. This trade represents a 9.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 11,950 shares of company stock worth $3,881,995. 5.20% of the stock is currently owned by company insiders.

Expedia Group Stock Down 1.7%

EXPE stock opened at $298.04 on Friday. Expedia Group, Inc. has a one year low of $185.34 and a one year high of $342.00. The firm has a market cap of $35.77 billion, a PE ratio of 18.58, a PEG ratio of 0.74 and a beta of 1.25. The firm’s 50 day moving average price is $294.84 and its 200-day moving average price is $253.83. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.54. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.17 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the business posted $4.24 earnings per share. On average, equities research analysts anticipate that Expedia Group, Inc. will post 17.15 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be issued a dividend of $0.48 per share. The ex-dividend date is Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.6%. Expedia Group’s dividend payout ratio is currently 11.97%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EXPE. The Goldman Sachs Group set a $370.00 target price on Expedia Group in a report on Thursday, August 6th. Jefferies Financial Group lifted their price objective on Expedia Group from $300.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Bank of America reissued a “buy” rating on shares of Expedia Group in a research note on Thursday, August 6th. Royal Bank Of Canada raised their target price on Expedia Group from $290.00 to $330.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. Finally, Robert W. Baird set a $335.00 price target on Expedia Group in a report on Thursday, August 6th. Eighteen investment analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $318.71.

About Expedia Group

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.