Hohimer Wealth Management LLC Decreases Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Hohimer Wealth Management LLC lowered its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 7.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,763 shares of the online travel company's stock after selling 2,126 shares during the period. Hohimer Wealth Management LLC's holdings in Expedia Group were worth $4,499,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of EXPE. Norges Bank acquired a new position in shares of Expedia Group during the 4th quarter worth about $670,565,000. Bamco Inc. NY acquired a new position in shares of Expedia Group during the 4th quarter worth about $80,206,000. Alkeon Capital Management LLC raised its position in shares of Expedia Group by 25.4% during the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock worth $368,276,000 after purchasing an additional 400,000 shares during the last quarter. Bridgewater Associates LP raised its holdings in Expedia Group by 73.4% in the 4th quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock valued at $159,175,000 after acquiring an additional 361,543 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Expedia Group by 18,141.9% in the 1st quarter. GAMMA Investing LLC now owns 353,346 shares of the online travel company's stock valued at $59,397,000 after acquiring an additional 351,409 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on EXPE. Morgan Stanley cut their price objective on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Truist Financial cut their price objective on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a report on Tuesday, June 24th. UBS Group cut their price objective on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Susquehanna cut their price target on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a report on Monday, May 12th. Finally, Wall Street Zen upgraded shares of Expedia Group from a "hold" rating to a "buy" rating in a report on Saturday. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Expedia Group currently has an average rating of "Moderate Buy" and a consensus target price of $187.19.

Expedia Group Stock Down 1.9%

Shares of NASDAQ:EXPE traded down $3.56 during trading on Tuesday, hitting $180.01. The company's stock had a trading volume of 350,978 shares, compared to its average volume of 1,893,756. The business has a 50 day moving average price of $168.92 and a two-hundred day moving average price of $172.51. The company has a market capitalization of $22.88 billion, a PE ratio of 21.29, a P/E/G ratio of 0.88 and a beta of 1.57. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group, Inc. has a fifty-two week low of $110.20 and a fifty-two week high of $207.73.

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

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.89%. Expedia Group's dividend payout ratio (DPR) is currently 18.87%.

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.