Tredje AP fonden Has $2.56 Million Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Tredje AP fonden trimmed its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 50.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,753 shares of the online travel company's stock after selling 13,752 shares during the quarter. Tredje AP fonden's holdings in Expedia Group were worth $2,563,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Handelsbanken Fonder AB grew its holdings in shares of Expedia Group by 17.8% during the fourth quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company's stock valued at $5,729,000 after buying an additional 4,656 shares in the last quarter. Caprock Group LLC grew its holdings in shares of Expedia Group by 33.7% during the third quarter. Caprock Group LLC now owns 10,191 shares of the online travel company's stock valued at $1,508,000 after buying an additional 2,569 shares in the last quarter. Teamwork Financial Advisors LLC purchased a new position in shares of Expedia Group during the fourth quarter valued at $1,791,000. Integrated Investment Consultants LLC purchased a new position in shares of Expedia Group during the third quarter valued at $527,000. Finally, Clare Market Investments LLC purchased a new position in shares of Expedia Group during the fourth quarter valued at $319,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total value of $1,851,500.00. Following the sale, the director now owns 168,505 shares in the company, valued at approximately $31,198,700.75. This trade represents a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $4,577,900 in the last three months. Insiders own 6.80% of the company's stock.

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Expedia Group Price Performance

Shares of EXPE stock traded down $1.20 during trading hours on Tuesday, hitting $165.16. The company had a trading volume of 1,869,742 shares, compared to its average volume of 2,144,564. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73. The firm has a market capitalization of $21.28 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 0.92 and a beta of 1.83. The firm's fifty day moving average is $184.55 and its 200 day moving average is $172.08. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72.

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

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, March 6th. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. Expedia Group's dividend payout ratio is 17.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Cantor Fitzgerald restated a "neutral" rating and issued a $210.00 target price (up previously from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. BMO Capital Markets boosted their target price on Expedia Group from $165.00 to $190.00 and gave the company a "market perform" rating in a research note on Monday, February 10th. Argus boosted their target price on Expedia Group from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, January 10th. HSBC upgraded Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 target price on the stock in a research note on Friday, February 7th. Finally, Melius Research upgraded Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Nineteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $193.43.

About Expedia Group

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.