Oppenheimer Cuts Expedia Group (NASDAQ:EXPE) Price Target to $230.00

Expedia Group (NASDAQ:EXPE) had its target price cut by Oppenheimer from $235.00 to $230.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an outperform rating on the online travel company’s stock.

EXPE has been the topic of a number of other research reports. Truist Financial lifted their price target on shares of Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, March 12th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $210.00 price target (up previously from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Wedbush reissued a “neutral” rating and set a $215.00 target price (up previously from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Morgan Stanley boosted their target price on shares of Expedia Group from $180.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, Baird R W raised shares of Expedia Group to a “strong-buy” rating in a report on Wednesday, November 27th. Nineteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, Expedia Group has an average rating of “Moderate Buy” and a consensus target price of $193.43.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $172.48 on Monday. Expedia Group has a twelve month low of $107.25 and a twelve month high of $207.73. The stock’s 50 day moving average price is $184.00 and its 200-day moving average price is $172.26. The company has a market capitalization of $22.23 billion, a PE ratio of 19.06, a PEG ratio of 0.92 and a beta of 1.83. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. On average, equities analysts anticipate that Expedia Group will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a $0.40 dividend. The ex-dividend date is Thursday, March 6th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 0.93%. Expedia Group’s payout ratio is 17.68%.

Insider Buying and Selling

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the completion of the sale, the director now directly owns 158,505 shares in the company, valued at $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, the insider now owns 74,502 shares of the company’s stock, valued at approximately $15,325,061.40. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,000 shares of company stock worth $4,577,900. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

A number of institutional investors have recently modified their holdings of the company. Windacre Partnership LLC boosted its holdings in shares of Expedia Group by 49.5% during the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after purchasing an additional 1,431,500 shares during the period. Norges Bank purchased a new stake in shares of Expedia Group during the fourth quarter worth about $670,565,000. Pacer Advisors Inc. boosted its holdings in shares of Expedia Group by 22.5% during the third quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock worth $481,170,000 after purchasing an additional 596,510 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Expedia Group by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company’s stock worth $600,750,000 after purchasing an additional 30,163 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Expedia Group by 6.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company’s stock worth $439,808,000 after buying an additional 150,480 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

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.