Expedia Group (NASDAQ:EXPE) Price Target Raised to $250.00

Expedia Group (NASDAQ:EXPE) had its price target raised by Susquehanna from $240.00 to $250.00 in a research report report published on Monday, MarketBeat.com reports. The brokerage currently has a neutral rating on the online travel company’s stock.

EXPE has been the topic of a number of other research reports. Piper Sandler increased their price objective on shares of Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Truist Financial dropped their price objective on shares of Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Deutsche Bank Aktiengesellschaft set a $244.00 price objective on shares of Expedia Group in a report on Friday, February 13th. Mizuho dropped their price objective on shares of Expedia Group from $270.00 to $245.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Finally, Barclays increased their target price on shares of Expedia Group from $260.00 to $264.00 and gave the company an “equal weight” rating in a research report on Monday. Sixteen analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $284.06.

Expedia Group Stock Down 1.8%

Shares of NASDAQ:EXPE opened at $217.55 on Monday. The stock has a market capitalization of $26.66 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 0.69 and a beta of 1.30. Expedia Group has a 1-year low of $156.05 and a 1-year high of $303.80. The company’s fifty day moving average is $238.85 and its two-hundred day moving average is $249.62. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 earnings per share. Equities analysts anticipate that Expedia Group will post 16.64 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, May 28th. Expedia Group’s dividend payout ratio (DPR) is presently 16.90%.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the completion of the transaction, the insider directly owned 102,480 shares in the company, valued at $22,629,633.60. This trade represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 9.81% of the stock is currently owned by insiders.

Institutional Trading of Expedia Group

A number of hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its position in shares of Expedia Group by 55.0% in the first quarter. Cetera Investment Advisers now owns 46,206 shares of the online travel company’s stock worth $10,669,000 after purchasing an additional 16,405 shares in the last quarter. CI Investments Inc. grew its holdings in Expedia Group by 93.1% during the first quarter. CI Investments Inc. now owns 90,091 shares of the online travel company’s stock valued at $20,801,000 after purchasing an additional 43,432 shares during the last quarter. First Trust Advisors LP grew its holdings in Expedia Group by 104.1% during the first quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after purchasing an additional 607,698 shares during the last quarter. Westpac Banking Corp grew its holdings in Expedia Group by 193.7% during the first quarter. Westpac Banking Corp now owns 29,141 shares of the online travel company’s stock valued at $6,728,000 after purchasing an additional 19,220 shares during the last quarter. Finally, ABN Amro Investment Solutions acquired a new position in Expedia Group during the first quarter valued at approximately $1,299,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

About Expedia Group

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.