Swedbank AB Buys Shares of 161,050 Expedia Group, Inc. (NASDAQ:EXPE)

Swedbank AB bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the first quarter, HoldingsChannel.com reports. The firm bought 161,050 shares of the online travel company’s stock, valued at approximately $22,185,000.

Other large investors have also recently modified their holdings of the company. Amalgamated Bank lifted its stake in shares of Expedia Group by 22.3% in the 4th quarter. Amalgamated Bank now owns 47,184 shares of the online travel company’s stock valued at $7,162,000 after acquiring an additional 8,595 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Expedia Group by 115.8% in the 4th quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock valued at $5,967,000 after acquiring an additional 21,095 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in shares of Expedia Group by 80.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 16,338 shares of the online travel company’s stock valued at $2,480,000 after acquiring an additional 7,270 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Expedia Group by 1.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock valued at $47,302,000 after acquiring an additional 6,432 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Expedia Group by 18.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock valued at $21,333,000 after acquiring an additional 23,939 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insiders Place Their Bets

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

Expedia Group Stock Down 4.9 %

EXPE traded down $5.99 during midday trading on Friday, reaching $115.49. 3,051,294 shares of the company were exchanged, compared to its average volume of 1,776,667. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.79 and a current ratio of 0.79. The company’s fifty day moving average price is $124.56 and its 200 day moving average price is $130.66. The company has a market cap of $15.74 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 0.46 and a beta of 1.78. Expedia Group, Inc. has a one year low of $92.48 and a one year high of $160.05.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, May 2nd. The online travel company reported ($0.39) EPS for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.57. The firm had revenue of $2.89 billion during 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%. As a group, analysts expect that Expedia Group, Inc. will post 9.28 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EXPE. Evercore ISI lowered their target price on Expedia Group from $190.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. DA Davidson reaffirmed a “neutral” rating and set a $135.00 target price (down from $152.00) on shares of Expedia Group in a research report on Friday, May 3rd. B. Riley lowered their target price on Expedia Group from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Mizuho lowered their target price on Expedia Group from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $175.00 target price on shares of Expedia Group in a research report on Monday, April 29th. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $148.79.

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.