Expedia Group (NASDAQ:EXPE) Price Target Raised to $400.00

Expedia Group (NASDAQ:EXPE) had its price target upped by BTIG Research from $350.00 to $400.00 in a research report report published on Tuesday, MarketBeat Ratings reports. They currently have a buy rating on the online travel company’s stock.

A number of other brokerages have also weighed in on EXPE. Bank of America restated a “buy” rating on shares of Expedia Group in a research note on Thursday, August 6th. Robert W. Baird set a $335.00 price target on shares of Expedia Group in a research report on Thursday, August 6th. Truist Financial increased their price objective on shares of Expedia Group from $246.00 to $309.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Jefferies Financial Group raised their price objective on shares of Expedia Group from $300.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, 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 note on Thursday, August 6th. Eighteen equities research analysts have rated the stock with a Buy rating and twenty-one have issued a Hold rating to the company. According to data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and an average price target of $317.45.

Expedia Group Stock Down 4.4%

NASDAQ EXPE opened at $318.92 on Tuesday. The firm has a market cap of $38.28 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 0.82 and a beta of 1.22. Expedia Group has a one year low of $185.34 and a one year high of $342.00. The stock’s 50 day simple moving average is $287.65 and its 200 day simple moving average is $250.63. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80.

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

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group’s dividend payout ratio is 11.97%.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 2,810 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was 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 trade represents a 18.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the sale, the insider owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. The trade was a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,652 shares of company stock worth $4,977,561 over the last 90 days. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Motiv8 Investments LLC bought a new stake in shares of Expedia Group during the fourth quarter worth approximately $25,000. Entrust Financial LLC acquired a new position in Expedia Group in the fourth quarter valued at approximately $26,000. First Bancorp Inc ME bought a new position in Expedia Group in the second quarter valued at approximately $28,000. DV Equities LLC bought a new position in Expedia Group in the fourth quarter valued at approximately $46,000. Finally, Elevation Wealth Partners LLC boosted its stake in Expedia Group by 272.9% in the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock valued at $46,000 after acquiring an additional 131 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Expedia Group Company Profile

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.