Federated Hermes Inc. Increases Position in Expedia Group, Inc. $EXPE

Federated Hermes Inc. raised its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 32.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 518,858 shares of the online travel company’s stock after acquiring an additional 126,127 shares during the period. Federated Hermes Inc. owned approximately 0.41% of Expedia Group worth $87,521,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EXPE. Guggenheim Capital LLC lifted its position in Expedia Group by 9.2% in the 2nd quarter. Guggenheim Capital LLC now owns 8,405 shares of the online travel company’s stock valued at $1,418,000 after acquiring an additional 706 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Expedia Group by 365.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,934 shares of the online travel company’s stock worth $495,000 after purchasing an additional 2,304 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in shares of Expedia Group in the second quarter worth $2,406,000. Stanley Capital Management LLC lifted its holdings in shares of Expedia Group by 24.5% during the second quarter. Stanley Capital Management LLC now owns 101,630 shares of the online travel company’s stock valued at $17,143,000 after purchasing an additional 20,000 shares in the last quarter. Finally, CW Advisors LLC lifted its holdings in shares of Expedia Group by 4.3% during the second quarter. CW Advisors LLC now owns 4,719 shares of the online travel company’s stock valued at $796,000 after purchasing an additional 194 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 849 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $248.08, for a total value of $210,619.92. Following the transaction, the chief accounting officer directly owned 11,662 shares of the company’s stock, valued at approximately $2,893,108.96. This trade represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Madhumita Moina Banerjee sold 1,000 shares of Expedia Group stock in a transaction on Monday, December 1st. The shares were sold at an average price of $258.00, for a total value of $258,000.00. Following the transaction, the director owned 2,916 shares in the company, valued at $752,328. This trade represents a 25.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,849 shares of company stock worth $1,283,270 in the last three months. Corporate insiders own 9.13% of the company’s stock.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $263.43 on Monday. 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 $32.28 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 1.19 and a beta of 1.44. The firm’s 50 day moving average price is $234.34 and its 200-day moving average price is $205.70. Expedia Group, Inc. has a twelve month low of $130.01 and a twelve month high of $279.61.

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

Expedia Group Dividend Announcement

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

Analysts Set New Price Targets

EXPE has been the subject of several research analyst reports. Benchmark lifted their price objective on Expedia Group from $265.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Argus raised their price target on shares of Expedia Group from $265.00 to $300.00 and gave the company a “buy” rating in a report on Monday, November 10th. Jefferies Financial Group boosted their price objective on shares of Expedia Group from $220.00 to $270.00 in a report on Monday, November 10th. CICC Research upgraded shares of Expedia Group from a “market perform” rating to an “outperform” rating and set a $271.00 price objective on the stock in a research report on Monday, November 10th. Finally, Piper Sandler upgraded shares of Expedia Group from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $190.00 to $250.00 in a report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and twenty-five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $265.31.

About Expedia Group

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.