Expedia Group, Inc. (NASDAQ:EXPE) Receives $318.71 Average Target Price from Analysts

Expedia Group, Inc. (NASDAQ:EXPE) has been assigned an average recommendation of “Hold” from the forty analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and eighteen have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $316.7941.

A number of research analysts have commented on EXPE shares. Evercore set a $430.00 target price on Expedia Group in a report on Monday, August 24th. Rosenblatt Securities initiated coverage on Expedia Group in a report on Tuesday, September 1st. They issued a “neutral” rating and a $360.00 price target for the company. Barclays upped their price target on Expedia Group from $264.00 to $320.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. The Goldman Sachs Group set a $370.00 price objective on Expedia Group in a research note on Thursday, August 6th. Finally, Susquehanna lifted their price objective on shares of Expedia Group from $250.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, August 7th.

Expedia Group Price Performance

EXPE opened at $281.02 on Tuesday. The company has a 50-day moving average of $298.67 and a 200-day moving average of $260.15. The company has a market capitalization of $33.73 billion, a P/E ratio of 17.52, a PEG ratio of 0.68 and a beta of 1.25. Expedia Group has a 1-year low of $185.34 and a 1-year high of $342.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, topping the consensus estimate of $5.22 by $0.54. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company posted $4.24 earnings per share. Equities analysts expect that Expedia Group will post 17.14 EPS for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th were given 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 was Thursday, August 27th. Expedia Group’s dividend payout ratio (DPR) is presently 11.97%.

Insider Transactions at Expedia Group

In other news, CAO Lance Soliday sold 2,810 shares of Expedia Group stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total value of $909,456.50. Following the completion of the transaction, the chief accounting officer directly owned 12,006 shares of the company’s stock, valued at approximately $3,885,741.90. The trade was a 18.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Dzielak sold 3,003 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $315.00, for a total transaction of $945,945.00. Following the sale, the insider directly owned 103,829 shares of the company’s stock, valued at approximately $32,706,135. This represents a 2.81% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 11,950 shares of company stock worth $3,881,995. 5.20% of the stock is currently owned by insiders.

Institutional Trading of Expedia Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in Expedia Group during the 4th quarter valued at approximately $861,979,000. Deutsche Bank AG increased its position in Expedia Group by 55.0% in the fourth quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock worth $364,363,000 after buying an additional 456,176 shares during the period. First Trust Advisors LP increased its position in Expedia Group by 104.1% in the first quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock worth $275,112,000 after buying an additional 607,698 shares during the period. Dimensional Fund Advisors LP lifted its stake in Expedia Group by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,190,874 shares of the online travel company’s stock valued at $274,948,000 after buying an additional 17,378 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Expedia Group by 13.3% in the first quarter. Pacer Advisors Inc. now owns 1,069,524 shares of the online travel company’s stock valued at $246,942,000 after buying an additional 125,749 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.

The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.