Expedia Group (NASDAQ:EXPE) Given New $300.00 Price Target at Argus

Expedia Group (NASDAQ:EXPE) had its price target decreased by Argus from $360.00 to $300.00 in a research report report published on Wednesday,Benzinga reports. Argus currently has a buy rating on the online travel company’s stock.

A number of other analysts have also commented on EXPE. Susquehanna dropped their price target on Expedia Group from $315.00 to $310.00 and set a “neutral” rating for the company in a research note on Friday, November 6th. Melius Research set a $355.00 price target on shares of Expedia Group in a report on Tuesday, October 20th. The Goldman Sachs Group reissued a “buy” rating and set a $320.00 price objective on shares of Expedia Group in a research report on Thursday, November 5th. Robert W. Baird set a $335.00 price objective on shares of Expedia Group in a report on Thursday, August 6th. Finally, Jefferies Financial Group dropped their target price on shares of Expedia Group from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Monday. Fifteen equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $316.00.

Expedia Group Trading Up 2.4%

EXPE opened at $259.79 on Wednesday. The business has a 50 day simple moving average of $278.24 and a two-hundred day simple moving average of $259.23. The firm has a market capitalization of $31.18 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 0.60 and a beta of 1.39. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.77 and a quick ratio of 0.77. Expedia Group has a one year low of $185.34 and a one year high of $342.00.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Wednesday, November 4th. The online travel company reported $9.39 earnings per share for the quarter, topping the consensus estimate of $8.85 by $0.54. Expedia Group had a return on equity of 91.03% and a net margin of 12.98%. The business had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter last year, the business posted $7.57 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Analysts predict that Expedia Group will post 17.37 EPS for the current year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, November 18th. Expedia Group’s dividend payout ratio (DPR) is presently 11.21%.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 1,004 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $335.00, for a total value of $336,340.00. Following the completion of the transaction, the insider owned 104,331 shares in the company, valued at approximately $34,950,885. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lance A. Soliday sold 2,810 shares of the firm’s stock in a transaction on 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 directly owned 12,006 shares of the company’s stock, valued at $3,885,741.90. This represents a 18.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,814 shares of company stock worth $1,906,796 over the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Expedia Group

A number of hedge funds and other institutional investors have recently modified their holdings of EXPE. Team Financial Group LLC purchased a new position in Expedia Group during the 3rd quarter valued at about $26,000. Valley National Advisers Inc. grew its holdings in Expedia Group by 900.0% in the third quarter. Valley National Advisers Inc. now owns 100 shares of the online travel company’s stock worth $26,000 after purchasing an additional 90 shares during the period. First Bancorp Inc ME purchased a new stake in Expedia Group in the second quarter worth about $28,000. Jacobi Capital Management LLC bought a new position in shares of Expedia Group during the third quarter valued at approximately $44,000. Finally, Three Bridge Wealth Advisors LLC purchased a new position in shares of Expedia Group during the third quarter valued at approximately $46,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

About Expedia Group

Expedia Group, Inc. is an online travel company that connects travelers with lodging, flights, rental cars, cruises, vacation packages and activities. Its consumer-facing brands include Expedia, Hotels.com and Vrbo, which specializes in vacation rentals. The company also provides travel technology and booking services to business partners. Founded in 1996 as a division of Microsoft, Expedia became an independent public company in 1999. It serves travelers and lodging partners in markets around the world through its websites and mobile apps.