Hohimer Wealth Management LLC Lowers Stake in Expedia Group, Inc. $EXPE

Hohimer Wealth Management LLC reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 45.9% in the third quarter, HoldingsChannel.com reports. The fund owned 14,503 shares of the online travel company’s stock after selling 12,328 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Expedia Group were worth $3,100,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC purchased a new stake in Expedia Group during the third quarter valued at about $30,000. Spire Wealth Management increased its position in shares of Expedia Group by 114.3% during the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Rossby Financial LCC increased its position in shares of Expedia Group by 103.8% during the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock valued at $35,000 after purchasing an additional 82 shares during the last quarter. SOA Wealth Advisors LLC. purchased a new position in shares of Expedia Group during the 3rd quarter valued at about $36,000. Finally, Armstrong Advisory Group Inc. lifted its position in Expedia Group by 212.7% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock worth $37,000 after buying an additional 117 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

EXPE has been the topic of a number of recent research reports. B. Riley Financial increased their price target on shares of Expedia Group from $300.00 to $360.00 and gave the company a “buy” rating in a research report on Monday, January 12th. The Goldman Sachs Group upped their price objective on shares of Expedia Group from $325.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, February 13th. TD Cowen decreased their target price on shares of Expedia Group from $300.00 to $260.00 and set a “hold” rating on the stock in a research report on Friday, February 13th. BTIG Research reissued a “buy” rating and issued a $330.00 price target on shares of Expedia Group in a research note on Friday, February 13th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $225.00 price objective (down from $250.00) on shares of Expedia Group in a research note on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $282.55.

Insiders Place Their Bets

In other news, Director Madhumita Moina Banerjee sold 1,000 shares of Expedia Group stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $258.00, for a total value of $258,000.00. Following the sale, the director directly owned 2,916 shares in the company, valued at approximately $752,328. This trade represents a 25.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 9.13% of the company’s stock.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $217.93 on Friday. The company’s fifty day simple moving average is $260.13 and its two-hundred day simple moving average is $241.20. Expedia Group, Inc. has a 12-month low of $130.01 and a 12-month high of $303.80. The firm has a market cap of $26.71 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 0.63 and a beta of 1.41. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.75.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, beating the consensus estimate of $3.32 by $0.46. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.41 billion. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.39 earnings per share. As a group, equities analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a $0.48 dividend. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, March 5th. This represents a $1.92 annualized dividend and a yield of 0.9%. Expedia Group’s dividend payout ratio (DPR) is 16.24%.

Expedia Group Company Profile

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.