Expedia Group (NASDAQ:EXPE) Sets New 52-Week High Following Analyst Upgrade

Shares of Expedia Group, Inc. (NASDAQ:EXPE) hit a new 52-week high during mid-day trading on Saturday after Cantor Fitzgerald raised their price target on the stock from $220.00 to $285.00. Cantor Fitzgerald currently has a neutral rating on the stock. Expedia Group traded as high as $264.20 and last traded at $258.25, with a volume of 7650683 shares. The stock had previously closed at $219.70.

A number of other analysts have also issued reports on EXPE. TD Cowen boosted their price objective on Expedia Group from $220.00 to $256.00 in a research note on Friday. Oppenheimer upped their price target on Expedia Group from $250.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday. Susquehanna raised their price objective on shares of Expedia Group from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, August 11th. HSBC boosted their price objective on shares of Expedia Group from $232.00 to $272.00 and gave the company a “buy” rating in a research note on Friday. Finally, Bank of America increased their target price on shares of Expedia Group from $211.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and twenty-three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $253.00.

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 852 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total value of $175,409.76. Following the transaction, the chief accounting officer owned 12,036 shares of the company’s stock, valued at $2,477,971.68. This represents a 6.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total transaction of $623,340.00. Following the sale, the director directly owned 33,858 shares of the company’s stock, valued at $7,035,015.24. This represents a 8.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,816 shares of company stock worth $2,009,132 over the last three months. 9.13% of the stock is owned by insiders.

Hedge Funds Weigh In On Expedia Group

Institutional investors have recently modified their holdings of the company. OMNI 360 Wealth Inc. purchased a new position in shares of Expedia Group in the second quarter worth $325,000. Korea Investment CORP grew its holdings in Expedia Group by 55.1% in the 1st quarter. Korea Investment CORP now owns 177,934 shares of the online travel company’s stock worth $29,911,000 after acquiring an additional 63,244 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of Expedia Group by 3,369.4% in the first quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company’s stock valued at $172,995,000 after acquiring an additional 999,454 shares during the period. Plato Investment Management Ltd purchased a new position in shares of Expedia Group in the first quarter valued at about $1,648,000. Finally, Malaga Cove Capital LLC bought a new position in shares of Expedia Group during the first quarter valued at about $574,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Trading Up 17.5%

The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The stock’s fifty day moving average price is $219.50 and its two-hundred day moving average price is $192.58. The company has a market capitalization of $31.95 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 1.15 and a beta of 1.58.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates of $7.10 by $0.47. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.28 billion. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $6.13 earnings per share. Expedia Group has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $1.60 annualized dividend and a yield of 0.6%. Expedia Group’s dividend payout ratio (DPR) is currently 15.31%.

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.