Expedia Group, Inc. $EXPE Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 21.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 628,224 shares of the online travel company’s stock after acquiring an additional 109,366 shares during the quarter. Federated Hermes Inc.’s holdings in Expedia Group were worth $134,283,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EXPE. Spire Wealth Management lifted its position in Expedia Group by 114.3% in the second quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. GFG Capital LLC acquired a new stake in shares of Expedia Group during the second quarter worth about $29,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Expedia Group in the 3rd quarter valued at about $30,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Expedia Group in the 2nd quarter valued at about $31,000. Finally, SOA Wealth Advisors LLC. purchased a new position in Expedia Group during the 3rd quarter worth approximately $36,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Madhumita Moina Banerjee sold 1,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $258.00, for a total transaction of $258,000.00. Following the transaction, the director directly owned 2,916 shares of the company’s stock, valued at $752,328. This represents a 25.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 849 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $248.08, for a total transaction of $210,619.92. Following the completion of the transaction, the chief accounting officer owned 11,662 shares of the company’s stock, valued at $2,893,108.96. This represents a 6.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 4,849 shares of company stock worth $1,283,270. 9.13% of the stock is owned by corporate insiders.

Expedia Group Trading Down 1.0%

NASDAQ EXPE opened at $266.74 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of $32.68 billion, a P/E ratio of 25.53, a P/E/G ratio of 0.87 and a beta of 1.43. Expedia Group, Inc. has a 52-week low of $130.01 and a 52-week high of $303.80. The firm has a 50-day moving average price of $276.12 and a 200 day moving average price of $235.42.

Expedia Group (NASDAQ:EXPEGet Free Report) last released its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.10 by $0.47. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.13 EPS. Equities research analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were given a $0.40 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $1.60 annualized dividend and a yield of 0.6%. Expedia Group’s dividend payout ratio is presently 15.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EXPE shares. BNP Paribas Exane assumed coverage on Expedia Group in a research note on Monday, November 24th. They issued a “hold” rating for the company. TD Cowen increased their price target on shares of Expedia Group from $220.00 to $256.00 in a research note on Friday, November 7th. Jefferies Financial Group raised their price objective on shares of Expedia Group from $270.00 to $285.00 and gave the stock a “hold” rating in a research report on Thursday, December 11th. Morgan Stanley increased their target price on shares of Expedia Group from $180.00 to $270.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Finally, Cantor Fitzgerald raised their price target on Expedia Group from $220.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-two have given a Hold rating to the company. Based on data from MarketBeat, Expedia Group has a consensus rating of “Hold” and a consensus target price of $290.10.

Get Our Latest Analysis on Expedia Group

Key Headlines Impacting Expedia Group

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Expedia Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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