Federated Hermes Inc. Lowers Position in Expedia Group, Inc. (NASDAQ:EXPE)

Federated Hermes Inc. lowered its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 40.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 390,363 shares of the online travel company’s stock after selling 269,838 shares during the period. Federated Hermes Inc. owned approximately 0.28% of Expedia Group worth $59,253,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in shares of Expedia Group by 115.8% in the 4th quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock valued at $5,967,000 after acquiring an additional 21,095 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Expedia Group by 6.4% during the 4th quarter. Raymond James & Associates now owns 263,351 shares of the online travel company’s stock valued at $39,974,000 after buying an additional 15,759 shares in the last quarter. AustralianSuper Pty Ltd raised its holdings in shares of Expedia Group by 14.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 355,871 shares of the online travel company’s stock valued at $54,018,000 after buying an additional 43,820 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Expedia Group by 7.9% during the 3rd quarter. AQR Capital Management LLC now owns 769,665 shares of the online travel company’s stock valued at $79,329,000 after buying an additional 56,186 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Expedia Group by 20.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 80,577 shares of the online travel company’s stock valued at $8,305,000 after buying an additional 13,797 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the transaction, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at approximately $1,492,844.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Lance A. Soliday sold 5,119 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the transaction, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at approximately $1,492,844.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $150.04, for a total value of $1,500,400.00. Following the transaction, the director now directly owns 216,521 shares of the company’s stock, valued at approximately $32,486,810.84. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Expedia Group Stock Up 0.5 %

Shares of NASDAQ:EXPE opened at $129.00 on Friday. Expedia Group, Inc. has a 52-week low of $87.94 and a 52-week high of $160.05. The firm has a market capitalization of $17.58 billion, a P/E ratio of 23.98, a P/E/G ratio of 0.39 and a beta of 1.86. The stock has a 50 day moving average price of $134.37 and a 200-day moving average price of $132.71. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.10. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. As a group, equities research analysts anticipate that Expedia Group, Inc. will post 9.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EXPE shares. Royal Bank of Canada reissued a “sector perform” rating and set a $155.00 price objective on shares of Expedia Group in a report on Friday, February 9th. Bank of America cut Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price objective on the stock. in a report on Friday, February 9th. The Goldman Sachs Group raised their price objective on Expedia Group from $155.00 to $190.00 and gave the company a “buy” rating in a report on Friday, January 19th. Oppenheimer reissued an “outperform” rating and set a $175.00 price objective on shares of Expedia Group in a report on Monday, February 5th. Finally, Wedbush reissued a “neutral” rating and set a $130.00 price objective on shares of Expedia Group in a report on Thursday. Thirteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group currently has an average rating of “Moderate Buy” and a consensus target price of $149.12.

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.