Swiss National Bank Cuts Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Swiss National Bank lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,091 shares of the online travel company's stock after selling 24,700 shares during the quarter. Swiss National Bank owned about 0.27% of Expedia Group worth $65,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. SRH Advisors LLC bought a new stake in Expedia Group during the fourth quarter valued at about $28,000. Grove Bank & Trust boosted its position in Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock valued at $30,000 after purchasing an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Expedia Group by 75.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company's stock valued at $51,000 after purchasing an additional 117 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Expedia Group by 709.8% during the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company's stock valued at $49,000 after purchasing an additional 291 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in Expedia Group during the third quarter valued at about $51,000. Institutional investors own 90.76% of the company's stock.

Expedia Group Trading Up 4.4 %

NASDAQ:EXPE traded up $7.32 on Wednesday, reaching $172.48. The company's stock had a trading volume of 2,219,464 shares, compared to its average volume of 1,890,043. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83. The stock has a 50 day moving average price of $184.20 and a 200 day moving average price of $172.26.

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Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. On average, equities analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's payout ratio is currently 17.68%.

Insider Activity at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total value of $1,697,900.00. Following the sale, the director now owns 158,505 shares in the company, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the sale, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock worth $4,577,900. 6.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on EXPE. Melius raised Expedia Group from a "hold" rating to a "buy" rating and set a $220.00 price target for the company in a report on Monday, January 6th. Melius Research raised Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Morgan Stanley lifted their price target on Expedia Group from $180.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. B. Riley reaffirmed a "buy" rating and issued a $235.00 price target (up from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Finally, UBS Group reaffirmed a "neutral" rating on shares of Expedia Group in a research note on Tuesday, February 4th. Nineteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Expedia Group presently has an average rating of "Moderate Buy" and an average target price of $193.43.

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.