Forsta AP Fonden Boosts Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Forsta AP Fonden increased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 26.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,300 shares of the online travel company's stock after acquiring an additional 8,900 shares during the period. Forsta AP Fonden's holdings in Expedia Group were worth $6,261,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC raised its stake in Expedia Group by 37.8% during the 1st quarter. Park Avenue Securities LLC now owns 2,161 shares of the online travel company's stock valued at $298,000 after purchasing an additional 593 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Expedia Group by 8.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,882 shares of the online travel company's stock worth $1,912,000 after purchasing an additional 1,065 shares during the period. SteelPeak Wealth LLC bought a new stake in Expedia Group in the first quarter worth $250,000. Diversified Trust Co grew its position in shares of Expedia Group by 147.5% during the first quarter. Diversified Trust Co now owns 10,143 shares of the online travel company's stock worth $1,397,000 after purchasing an additional 6,045 shares in the last quarter. Finally, MV Capital Management Inc. increased its holdings in shares of Expedia Group by 64.5% in the 1st quarter. MV Capital Management Inc. now owns 523 shares of the online travel company's stock valued at $72,000 after acquiring an additional 205 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.

Insider Activity at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction on Friday, September 27th. The stock was sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the transaction, the director now directly owns 208,505 shares in the company, valued at $31,319,536.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the transaction, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 208,505 shares of the company's stock, 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. Insiders have sold a total of 38,019 shares of company stock worth $5,390,191 over the last quarter. Company insiders own 8.07% of the company's stock.

Expedia Group Stock Up 0.5 %

Shares of NASDAQ:EXPE traded up $0.86 on Tuesday, reaching $158.86. The company had a trading volume of 1,381,429 shares, compared to its average volume of 2,183,035. Expedia Group, Inc. has a 52-week low of $92.48 and a 52-week high of $164.65. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. The firm has a market capitalization of $21.65 billion, a PE ratio of 29.57, a PEG ratio of 0.63 and a beta of 1.79. The firm's 50 day simple moving average is $144.75 and its 200-day simple moving average is $131.24.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same period last year, the company earned $2.34 earnings per share. Expedia Group's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, analysts expect that Expedia Group, Inc. will post 8.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Expedia Group from $140.00 to $145.00 and gave the company a "neutral" rating in a report on Friday, August 9th. Susquehanna lifted their price objective on shares of Expedia Group from $125.00 to $145.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. DA Davidson reaffirmed a "neutral" rating and issued a $135.00 price target on shares of Expedia Group in a research note on Friday, August 9th. Barclays decreased their price objective 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. Finally, Truist Financial started coverage on Expedia Group in a research report on Friday, September 6th. They set a "hold" rating and a $148.00 price target for the company. Nineteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Expedia Group presently has an average rating of "Hold" and an average target price of $152.54.

Expedia Group Company 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.