Forsta AP Fonden Has $9.69 Million Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Forsta AP Fonden grew its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 22.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,000 shares of the online travel company’s stock after purchasing an additional 9,700 shares during the quarter. Forsta AP Fonden’s holdings in Expedia Group were worth $9,689,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EXPE. Windacre Partnership LLC lifted its stake in Expedia Group by 49.5% in the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after buying an additional 1,431,500 shares during the period. Pacer Advisors Inc. increased its stake in shares of Expedia Group by 22.5% in the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after acquiring an additional 596,510 shares during the last quarter. Alkeon Capital Management LLC increased its stake in shares of Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after acquiring an additional 498,934 shares during the last quarter. KBC Group NV raised its position in shares of Expedia Group by 326.9% in the 4th quarter. KBC Group NV now owns 293,482 shares of the online travel company’s stock valued at $54,685,000 after acquiring an additional 224,732 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Expedia Group by 9.4% during the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after acquiring an additional 144,579 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Performance

NASDAQ EXPE opened at $171.95 on Friday. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $192.34. The stock has a market cap of $22.07 billion, a PE ratio of 22.13, a P/E/G ratio of 0.78 and a beta of 1.83. The firm has a 50-day moving average of $183.77 and a 200-day moving average of $158.62. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, November 7th. The online travel company reported $5.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.42 by ($0.24). The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.11 billion. Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. During the same quarter last year, the business earned $4.85 earnings per share. On average, sell-side analysts anticipate that Expedia Group, Inc. will post 8.76 EPS for the current year.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the transaction, the chief accounting officer now owns 11,187 shares in the company, valued at $2,035,922.13. This represents a 38.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the completion of the sale, the director now owns 168,505 shares of the company’s stock, valued at approximately $31,198,700.75. The trade was 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 18,951 shares of company stock valued at $3,476,610 in the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EXPE shares. Morgan Stanley increased their target price on shares of Expedia Group from $180.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Wells Fargo & Company dropped their price objective on Expedia Group from $172.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Melius raised Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Monday, January 6th. Barclays raised their price target on Expedia Group from $153.00 to $166.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Finally, Argus increased their target price on Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Twenty research analysts have rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $177.75.

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.