Swedbank AB Makes New $22.19 Million Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Swedbank AB bought a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 161,050 shares of the online travel company’s stock, valued at approximately $22,185,000. Swedbank AB owned 0.12% of Expedia Group at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EXPE. University of Texas Texas AM Investment Managment Co. bought a new position in Expedia Group during the fourth quarter valued at about $26,000. ORG Partners LLC boosted its stake in Expedia Group by 4,525.0% during the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after buying an additional 181 shares in the last quarter. Crewe Advisors LLC bought a new position in Expedia Group during the first quarter valued at about $40,000. MV Capital Management Inc. boosted its stake in Expedia Group by 335.6% during the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock valued at $48,000 after buying an additional 245 shares in the last quarter. Finally, Mather Group LLC. bought a new position in Expedia Group during the first quarter valued at about $52,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Performance

EXPE traded down $5.99 during midday trading on Friday, reaching $115.49. The company’s stock had a trading volume of 3,051,294 shares, compared to its average volume of 1,776,667. The stock has a market cap of $15.74 billion, a P/E ratio of 21.63, a PEG ratio of 0.46 and a beta of 1.78. The company has a fifty day simple moving average of $124.56 and a 200 day simple moving average of $130.66. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.93. Expedia Group, Inc. has a twelve month low of $92.48 and a twelve month high of $160.05.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.57. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.80 billion. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. Research analysts expect that Expedia Group, Inc. will post 9.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Royal Bank of Canada decreased their price target on Expedia Group from $155.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, May 3rd. BMO Capital Markets reiterated a “market perform” rating and issued a $145.00 price target on shares of Expedia Group in a research report on Wednesday, May 15th. BTIG Research decreased their price target on Expedia Group from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, May 21st. Wedbush reduced their price objective on Expedia Group from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Finally, DA Davidson reissued a “neutral” rating and issued a $135.00 price objective (down from $152.00) on shares of Expedia Group in a research note on Friday, May 3rd. Fifteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Expedia Group has a consensus rating of “Hold” and a consensus price target of $148.79.

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 544 shares of Expedia Group stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $113.38, for a total transaction of $61,678.72. Following the sale, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Craig A. Jacobson sold 6,722 shares of Expedia Group stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the sale, the director now owns 32,620 shares of the company’s stock, valued at approximately $3,676,600.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Soliday sold 544 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $113.38, for a total value of $61,678.72. Following the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The disclosure for this sale can be found here. Insiders own 8.07% of the company’s stock.

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.