Expedia Group, Inc. (NASDAQ:EXPE) Receives $318.71 Consensus PT from Analysts

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have earned a consensus rating of “Hold” from the forty analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, twenty-one have assigned a hold recommendation and eighteen have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $316.7941.

Several equities research analysts have recently weighed in on EXPE shares. Cantor Fitzgerald increased their price objective on Expedia Group from $255.00 to $310.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Evercore set a $430.00 price objective on shares of Expedia Group in a research note on Monday, August 24th. B. Riley Financial boosted their target price on shares of Expedia Group from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Wedbush upped their target price on shares of Expedia Group from $334.00 to $417.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Finally, UBS Group increased their price target on shares of Expedia Group from $322.00 to $351.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th.

Insider Activity

In related news, insider Robert J. Dzielak sold 3,003 shares of Expedia Group stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $315.00, for a total transaction of $945,945.00. Following the sale, the insider directly owned 103,829 shares of the company’s stock, valued at $32,706,135. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 2,810 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total value of $909,456.50. Following the transaction, the chief accounting officer owned 12,006 shares in the company, valued at $3,885,741.90. This represents a 18.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 11,950 shares of company stock valued at $3,881,995. Insiders own 5.20% of the company’s stock.

Institutional Trading of Expedia Group

A number of hedge funds have recently modified their holdings of EXPE. Tidal Investments LLC grew its holdings in shares of Expedia Group by 47.4% during the 2nd quarter. Tidal Investments LLC now owns 32,146 shares of the online travel company’s stock worth $8,226,000 after purchasing an additional 10,331 shares in the last quarter. Archford Capital Strategies LLC bought a new stake in shares of Expedia Group during the second quarter valued at approximately $255,000. National Pension Service raised its stake in shares of Expedia Group by 13.1% in the second quarter. National Pension Service now owns 347,467 shares of the online travel company’s stock valued at $88,910,000 after purchasing an additional 40,328 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of Expedia Group by 456.7% in the second quarter. WINTON GROUP Ltd now owns 21,527 shares of the online travel company’s stock valued at $5,508,000 after purchasing an additional 17,660 shares in the last quarter. Finally, Capital Analysts LLC lifted its position in Expedia Group by 550.0% in the second quarter. Capital Analysts LLC now owns 845 shares of the online travel company’s stock worth $216,000 after purchasing an additional 715 shares during the period. Institutional investors own 90.76% of the company’s stock.

Expedia Group Price Performance

NASDAQ EXPE opened at $284.55 on Tuesday. The stock has a 50-day simple moving average of $298.20 and a 200 day simple moving average of $259.22. Expedia Group has a twelve month low of $185.34 and a twelve month high of $342.00. The stock has a market capitalization of $34.15 billion, a PE ratio of 17.74, a P/E/G ratio of 0.70 and a beta of 1.25. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.22 by $0.54. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The company’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.24 EPS. Research analysts anticipate that Expedia Group will post 17.15 EPS for the current year.

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. Expedia Group’s dividend payout ratio is currently 11.97%.

About Expedia Group

Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.

The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.