Expedia Group, Inc. (NASDAQ:EXPE) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 381,432 shares of the online travel company’s stock after purchasing an additional 8,912 shares during the period. Federated Hermes Inc.’s holdings in Expedia Group were worth $71,073,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Public Sector Pension Investment Board boosted its holdings in Expedia Group by 18.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 5,141 shares of the online travel company’s stock worth $761,000 after buying an additional 800 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in shares of Expedia Group in the third quarter valued at approximately $294,000. Janus Henderson Group PLC boosted its stake in shares of Expedia Group by 3.6% in the third quarter. Janus Henderson Group PLC now owns 19,132 shares of the online travel company’s stock worth $2,831,000 after acquiring an additional 663 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Expedia Group by 11.8% during the third quarter. Integrated Wealth Concepts LLC now owns 2,305 shares of the online travel company’s stock worth $341,000 after purchasing an additional 244 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in Expedia Group by 97.7% in the 3rd quarter. Quantinno Capital Management LP now owns 32,210 shares of the online travel company’s stock valued at $4,768,000 after purchasing an additional 15,921 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the sale, the director now owns 158,505 shares in the company, valued at $26,912,563.95. This represents a 5.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the transaction, the insider now owns 74,502 shares of the company’s stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Expedia Group Price Performance

EXPE opened at $141.86 on Monday. The stock’s 50-day moving average price is $180.61 and its 200 day moving average price is $175.28. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73. The firm has a market cap of $18.28 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 0.92 and a beta of 1.65. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. As a group, sell-side analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a $0.40 dividend. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. Expedia Group’s payout ratio is 17.68%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EXPE shares. The Goldman Sachs Group lifted their target price on shares of Expedia Group from $208.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Cantor Fitzgerald restated a “neutral” rating and set a $210.00 price target (up from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Truist Financial increased their price objective on shares of Expedia Group from $163.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, March 12th. DA Davidson raised their target price on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Finally, Susquehanna upped their price target on Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $193.43.

Expedia Group Company 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.