Expedia Group (NASDAQ:EXPE) Reaches New 52-Week High – Here’s Why

Expedia Group, Inc. (NASDAQ:EXPE)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $305.46 and last traded at $301.8590, with a volume of 293032 shares changing hands. The stock had previously closed at $295.79.

Analyst Ratings Changes

EXPE has been the subject of a number of research reports. The Goldman Sachs Group restated a “buy” rating and set a $330.00 target price on shares of Expedia Group in a research report on Monday, July 20th. Morgan Stanley lifted their price target on shares of Expedia Group from $270.00 to $290.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. B. Riley Financial decreased their price target on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. DA Davidson dropped their price objective on shares of Expedia Group from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Finally, UBS Group cut their price objective on Expedia Group from $266.00 to $262.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. Based on data from MarketBeat, Expedia Group currently has an average rating of “Hold” and an average price target of $288.64.

Expedia Group Trading Up 3.0%

The company has a 50-day moving average of $247.42 and a 200 day moving average of $243.53. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $37.32 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 0.73 and a beta of 1.23.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. Analysts predict that Expedia Group, Inc. will post 17.04 earnings per share for the current year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.92 annualized dividend and a dividend yield of 0.6%. Expedia Group’s payout ratio is currently 16.90%.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the sale, the insider owned 105,448 shares in the company, valued at approximately $24,569,384. This represents a 4.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Several institutional investors have recently made changes to their positions in the company. Motiv8 Investments LLC purchased a new position in shares of Expedia Group during the 4th quarter worth about $25,000. Entrust Financial LLC purchased a new stake in Expedia Group in the 4th quarter worth about $26,000. JFS Wealth Advisors LLC raised its position in Expedia Group by 78.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after purchasing an additional 44 shares during the period. Lodestone Wealth Management LLC bought a new stake in Expedia Group in the fourth quarter worth about $29,000. Finally, DV Equities LLC bought a new stake in Expedia Group in the fourth quarter worth about $46,000. Institutional investors own 90.76% of the company’s stock.

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.