Federated Hermes Inc. Purchases 8,912 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Federated Hermes Inc. boosted its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 381,432 shares of the online travel company’s stock after acquiring an additional 8,912 shares during the quarter. Federated Hermes Inc. owned 0.30% of Expedia Group worth $71,073,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. SRH Advisors LLC bought a new position in Expedia Group during the 4th quarter valued at about $28,000. Sava Infond d.o.o. bought a new position in Expedia Group during the fourth quarter valued at approximately $28,000. Grove Bank & Trust boosted its holdings in Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after purchasing an additional 142 shares during the last quarter. Prudent Man Investment Management Inc. bought a new stake in Expedia Group in the 4th quarter worth approximately $34,000. Finally, EverSource Wealth Advisors LLC raised its stake in Expedia Group by 75.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company’s stock valued at $51,000 after buying an additional 117 shares during the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Price Performance

Shares of EXPE opened at $141.86 on Monday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The company has a 50 day moving average price of $180.61 and a 200-day moving average price of $175.28. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The stock has a market capitalization of $18.28 billion, a PE ratio of 15.68, a PEG ratio of 0.92 and a beta of 1.65.

Expedia Group (NASDAQ:EXPE) last posted its 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 net margin of 9.01% and a return on equity of 52.41%. Equities analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

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

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 on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following the sale, the director now directly owns 158,505 shares of the company’s stock, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Dzielak sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the sale, the insider now owns 74,502 shares in the company, 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. Insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

EXPE has been the subject of a number of recent research reports. BMO Capital Markets boosted their price objective on shares of Expedia Group from $165.00 to $190.00 and gave the company a “market perform” rating in a research report on Monday, February 10th. Wedbush reissued a “neutral” rating and set a $215.00 price target (up previously from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Melius Research raised Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. UBS Group reiterated a “neutral” rating on shares of Expedia Group in a research note on Tuesday, February 4th. Finally, Oppenheimer decreased their target price on shares of Expedia Group from $235.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, Expedia Group currently has a consensus rating of “Moderate Buy” and an average price target of $193.43.

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.