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

Federated Hermes Inc. lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 40.9% in the fourth quarter, Holdings Channel reports. 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.’s holdings in Expedia Group were worth $59,253,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXPE. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price target on shares of Expedia Group in a research report on Monday, February 5th. BMO Capital Markets began coverage on Expedia Group in a research report on Tuesday, January 9th. They set an “outperform” rating and a $181.00 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $155.00 price target on shares of Expedia Group in a research report on Friday, February 9th. Ascendiant Capital Markets upped their price target on Expedia Group from $133.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. Finally, Mizuho upped their price target on Expedia Group from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Thirteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $149.12.

Expedia Group Price Performance

NASDAQ:EXPE opened at $129.00 on Friday. Expedia Group, Inc. has a one year low of $87.94 and a one year high of $160.05. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $17.58 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 0.39 and a beta of 1.86. The firm’s fifty day moving average is $134.37 and its two-hundred day moving average is $132.71.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.08 by $0.10. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Research analysts expect that Expedia Group, Inc. will post 9.74 EPS for the current year.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the sale, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the sale, the chief accounting officer now directly 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 is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the sale, the director now directly owns 216,521 shares in the company, valued at $32,486,810.84. The disclosure for this sale can be found here. 8.07% of the stock is owned by corporate insiders.

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.