Hohimer Wealth Management LLC has significantly reduced its stake in **Expedia Group, Inc.** (NASDAQ: EXPE) by **45.9%** during the third quarter of 2023. According to HoldingsChannel.com, the investment firm now holds **14,503 shares** of the online travel company following the sale of **12,328 shares** in this period. As of the end of the latest reporting period, Hohimer’s holdings in Expedia Group were valued at approximately **$3.1 million**.
A range of other institutional investors have also made adjustments to their positions in Expedia Group recently. Notably, **Grey Fox Wealth Advisors LLC** acquired a new stake in the company valued at around **$30,000** during the third quarter. **Spire Wealth Management** boosted its position by **114.3%** in the second quarter, now owning **150 shares** worth **$25,000** after purchasing an additional **80 shares**. Meanwhile, **Rossby Financial LLC** increased its stake by **103.8%**, owning **161 shares** valued at **$35,000**, following the acquisition of **82 shares**.
**SOA Wealth Advisors LLC** also entered a new position in Expedia Group, estimated at **$36,000**, while **Armstrong Advisory Group Inc.** amplified its holdings by **212.7%** in the third quarter, now owning **172 shares** valued at **$37,000**. Institutional investors collectively own approximately **90.76%** of the company’s stock, indicating strong institutional interest.
Analyst Insights and Stock Performance
Recent analyst reports reflect a variety of perspectives on Expedia Group’s stock. **B. Riley Financial** raised its price target from **$300.00** to **$360.00** and assigned a “buy” rating in a report published on **January 12, 2024**. Similarly, **Goldman Sachs Group** increased its price objective from **$325.00** to **$355.00**, also giving the stock a “buy” rating. On the other hand, **TD Cowen** lowered its target price from **$300.00** to **$260.00**, classifying it as a “hold.”
Overall, thirteen investment analysts have rated Expedia Group with a buy recommendation, while twenty-two have issued hold ratings. Current data from **MarketBeat.com** suggests an average rating of “hold” with a price target of approximately **$282.55**.
In recent trading, shares of Expedia Group opened at **$217.93**. The company has a market capitalization of **$26.71 billion** and a price-to-earnings ratio of **22.12**. Over the last year, the stock has fluctuated between a low of **$130.01** and a high of **$303.80**.
Insider Trading Activity
In related news, on **December 1, 2023**, Director **Madhumita Moina Banerjee** sold **1,000 shares** of Expedia Group stock at an average price of **$258.00**, amounting to a total sale of **$258,000.00**. This transaction represents a **25.54%** reduction in her holdings, leaving her with **2,916 shares** valued at approximately **$752,328**. The sale was reported in a filing with the **Securities and Exchange Commission**, which is accessible on their official website. Insiders currently hold **9.13%** of the company’s stock.
Expedia Group recently announced a quarterly dividend, set to be paid on **March 26, 2024**. Shareholders of record on **March 5, 2024**, will receive a dividend of **$0.48**, an increase from the previous **$0.40**. This adjustment brings the annualized dividend to **$1.92**, yielding approximately **0.9%**. The company’s dividend payout ratio stands at **16.24%**.
Expedia Group operates as a leading global travel technology company, facilitating a marketplace that connects consumers with travel suppliers and third-party partners. Its platform allows users to search, compare, and book various travel services, including accommodations, flights, and car rentals, catering to both leisure and business travelers alike.
