Expedia Group’s (EXPE) “Market Perform” Rating Reiterated at Citizens Jmp

Citizens Jmp reissued their market perform rating on shares of Expedia Group (NASDAQ:EXPE) in a research report sent to investors on Tuesday morning,Benzinga reports.

A number of other research analysts also recently commented on EXPE. Morgan Stanley upped their price objective on shares of Expedia Group from $180.00 to $270.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. BNP Paribas Exane began coverage on Expedia Group in a research note on Monday, November 24th. They set a “hold” rating on the stock. Bank of America upped their target price on shares of Expedia Group from $303.00 to $306.00 and gave the company a “buy” rating in a research note on Friday, February 13th. TD Cowen lowered their price objective on Expedia Group from $300.00 to $260.00 and set a “hold” rating for the company in a research note on Friday, February 13th. Finally, Oppenheimer boosted their target price on shares of Expedia Group from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Twelve investment analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the stock. According to data from MarketBeat, Expedia Group has an average rating of “Hold” and an average target price of $284.35.

Expedia Group Trading Down 2.0%

Shares of EXPE stock opened at $199.76 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.74 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $24.48 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 0.64 and a beta of 1.41. The business’s 50 day moving average is $268.11 and its two-hundred day moving average is $240.67. Expedia Group has a twelve month low of $130.01 and a twelve month high of $303.80.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results 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 return on equity of 72.23% and a net margin of 8.78%.The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same period last year, the firm earned $2.39 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities analysts forecast that Expedia Group will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a $0.48 dividend. The ex-dividend date is Thursday, March 5th. This represents a $1.92 annualized dividend and a yield of 1.0%. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s payout ratio is 16.24%.

Insiders Place Their Bets

In other news, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $258.00, for a total transaction of $258,000.00. Following the transaction, the director directly owned 2,916 shares of the company’s stock, valued at approximately $752,328. This trade represents a 25.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 9.13% of the stock is owned by insiders.

Institutional Trading of Expedia Group

A number of institutional investors have recently made changes to their positions in the stock. Leith Wheeler Investment Counsel Ltd. grew its holdings in Expedia Group by 2.6% during the 2nd 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. Rakuten Investment Management Inc. bought a new position in shares of Expedia Group in the third quarter worth about $1,063,000. Railway Pension Investments Ltd lifted its position in shares of Expedia Group by 19.6% during the third quarter. Railway Pension Investments Ltd now owns 115,200 shares of the online travel company’s stock worth $24,624,000 after purchasing an additional 18,900 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in shares of Expedia Group during the third quarter valued at approximately $1,001,000. Finally, National Pension Service grew its stake in shares of Expedia Group by 6.7% during the third quarter. National Pension Service now owns 248,328 shares of the online travel company’s stock valued at $53,080,000 after purchasing an additional 15,611 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

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.