Brokerages Set Expedia Group, Inc. (NASDAQ:EXPE) Price Target at $282.55

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have been assigned a consensus rating of “Hold” from the thirty-five analysts that are covering the company, MarketBeat reports. Twenty-two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $281.7419.

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised 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. Jefferies Financial Group increased their target price on Expedia Group from $270.00 to $285.00 and gave the stock a “hold” rating in a research report on Thursday, December 11th. Wedbush reissued a “neutral” rating and set a $260.00 target price on shares of Expedia Group in a research note on Tuesday, February 17th. Robert W. Baird upped their price target on Expedia Group from $280.00 to $282.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Finally, B. Riley Financial lifted their price objective on shares of Expedia Group from $300.00 to $360.00 and gave the company a “buy” rating in a research report on Monday, January 12th.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $215.14 on Friday. The company has a market capitalization of $26.36 billion, a P/E ratio of 21.84, a P/E/G ratio of 0.66 and a beta of 1.41. Expedia Group has a 1-year low of $130.01 and a 1-year high of $303.80. The firm’s 50 day simple moving average is $255.67 and its two-hundred day simple moving average is $241.95. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, beating the consensus estimate of $3.32 by $0.46. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same period last year, the firm earned $2.39 EPS. The company’s revenue was up 11.4% on a year-over-year basis. Research analysts expect that Expedia Group will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a dividend of $0.48 per share. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $1.92 annualized dividend and a dividend yield of 0.9%. Expedia Group’s payout ratio is currently 16.24%.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Expedia Group by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 15,304,305 shares of the online travel company’s stock worth $2,581,530,000 after acquiring an additional 102,494 shares in the last quarter. Norges Bank bought a new position in Expedia Group during the second quarter valued at $663,882,000. Windacre Partnership LLC grew its stake in shares of Expedia Group by 9.2% in the 3rd quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock worth $787,049,000 after buying an additional 309,900 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Expedia Group by 25.0% in the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after buying an additional 728,063 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Expedia Group by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 3,414,935 shares of the online travel company’s stock valued at $574,364,000 after buying an additional 58,244 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

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.