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

Key Points

• Federated Hermes Inc. has increased its holdings in Expedia Group by 3.0%, acquiring an additional 11,299 shares this quarter for a total of 392,731 shares valued at approximately $66 million.
• Various institutional investors have also increased their stakes in Expedia, with significant growth reported by Hunter Associates and Praxis Investment Management among others.
• Analysts have mixed views on Expedia Group's stock, with a consensus target price of $189.38 and ratings ranging from "sell" to "strong buy" based on recent research reports.

Federated Hermes Inc. grew its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,731 shares of the online travel company's stock after acquiring an additional 11,299 shares during the period. Federated Hermes Inc. owned 0.30% of Expedia Group worth $66,018,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new position in Expedia Group in the fourth quarter worth about $27,000. Park Square Financial Group LLC acquired a new stake in Expedia Group in the first quarter valued at approximately $34,000. Optiver Holding B.V. acquired a new position in shares of Expedia Group during the fourth quarter worth $38,000. Banque Transatlantique SA purchased a new stake in shares of Expedia Group during the 4th quarter valued at $45,000. Finally, Larson Financial Group LLC grew its stake in Expedia Group by 2,175.0% during the 1st quarter. Larson Financial Group LLC now owns 273 shares of the online travel company's stock worth $46,000 after buying an additional 261 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXPE has been the subject of several recent analyst reports. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price target on shares of Expedia Group in a report on Wednesday, July 23rd. The Goldman Sachs Group lowered their price objective on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a research note on Friday, May 9th. JPMorgan Chase & Co. lowered their price target on Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Barclays raised their price objective on Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Finally, Wells Fargo & Company raised their price target on shares of Expedia Group from $149.00 to $178.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $189.38.

Expedia Group Trading Down 1.2%

NASDAQ:EXPE traded down $2.16 on Friday, reaching $178.06. The company's stock had a trading volume of 1,674,154 shares, compared to its average volume of 1,338,934. Expedia Group, Inc. has a 12-month low of $110.20 and a 12-month high of $207.73. The stock has a 50 day moving average price of $174.03 and a 200 day moving average price of $172.71. The firm has a market cap of $22.63 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 0.86 and a beta of 1.61. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. Expedia Group's revenue was up 3.4% on a year-over-year basis. On average, equities analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's payout ratio is currently 18.87%.

Expedia Group 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.