Expedia Group, Inc. (NASDAQ:EXPE) Receives $265.78 Consensus Price Target from Analysts

Expedia Group, Inc. (NASDAQ:EXPE) has been assigned a consensus recommendation of “Hold” from the forty research firms that are covering the stock, MarketBeat Ratings reports. Twenty-four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $265.7813.

A number of brokerages have issued reports on EXPE. JPMorgan Chase & Co. boosted their price target on Expedia Group from $225.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, November 7th. HSBC lifted their target price on shares of Expedia Group from $232.00 to $272.00 and gave the company a “buy” rating in a report on Friday, November 7th. Piper Sandler raised shares of Expedia Group from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $190.00 to $250.00 in a report on Friday, November 7th. BNP Paribas assumed coverage on shares of Expedia Group in a research report on Monday, November 24th. They set a “hold” rating on the stock. Finally, Evercore ISI lifted their price objective on shares of Expedia Group from $280.00 to $350.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th.

Expedia Group Price Performance

Shares of EXPE opened at $285.02 on Friday. The business’s 50-day moving average is $242.23 and its two-hundred day moving average is $211.20. The company has a market capitalization of $34.92 billion, a P/E ratio of 27.27, a P/E/G ratio of 1.28 and a beta of 1.44. Expedia Group has a fifty-two week low of $130.01 and a fifty-two week high of $289.98. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.74 and a current ratio of 0.74.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.10 by $0.47. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.13 EPS. Research analysts predict that Expedia Group will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Wednesday, November 19th. Expedia Group’s payout ratio is currently 15.31%.

Insider Buying and Selling

In other news, Director Madhumita Moina Banerjee sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $258.00, for a total value of $258,000.00. Following the completion of the sale, the director directly owned 2,916 shares in the company, valued at $752,328. The trade was a 25.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $271.55, for a total value of $814,650.00. Following the transaction, the director owned 30,858 shares in the company, valued at $8,379,489.90. This trade represents a 8.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 4,849 shares of company stock valued at $1,283,270. 9.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On Expedia Group

Large investors have recently added to or reduced their stakes in the stock. OMNI 360 Wealth Inc. purchased a new stake in shares of Expedia Group during the second quarter worth $325,000. Korea Investment CORP lifted its stake in shares of Expedia Group by 55.1% in the first quarter. Korea Investment CORP now owns 177,934 shares of the online travel company’s stock worth $29,911,000 after buying an additional 63,244 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its position in Expedia Group by 2.6% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 107,973 shares of the online travel company’s stock worth $18,213,000 after acquiring an additional 2,767 shares during the last quarter. Vise Technologies Inc. purchased a new stake in Expedia Group during the 2nd quarter valued at about $2,351,000. Finally, NorthCrest Asset Manangement LLC purchased a new stake in Expedia Group during the 2nd quarter valued at about $417,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.