Expedia Group, Inc. (NASDAQ:EXPE) Receives $265.78 Consensus Price Target from Brokerages

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have been assigned an average recommendation of “Hold” from the forty ratings firms that are covering the stock, Marketbeat.com reports. Twenty-four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $266.7188.

Several analysts have weighed in on the company. BNP Paribas Exane started coverage on Expedia Group in a report on Monday, November 24th. They issued a “neutral” rating on the stock. Susquehanna upped their price objective on shares of Expedia Group from $200.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, November 10th. B. Riley raised their target price on shares of Expedia Group from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Evercore ISI boosted their price target on shares of Expedia Group from $280.00 to $350.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Finally, Mizuho raised their price objective on shares of Expedia Group from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, November 14th.

Insiders Place Their Bets

In related news, Director Craig A. Jacobson sold 3,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $271.55, for a total transaction of $814,650.00. Following the transaction, the director directly owned 30,858 shares of the company’s stock, valued at approximately $8,379,489.90. This trade represents a 8.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 849 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $248.08, for a total value of $210,619.92. Following the completion of the sale, the chief accounting officer owned 11,662 shares of the company’s stock, valued at $2,893,108.96. The trade was a 6.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,849 shares of company stock valued at $1,283,270 over the last 90 days. Insiders own 9.13% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Spire Wealth Management grew its holdings in shares of Expedia Group by 114.3% during the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. GFG Capital LLC purchased a new stake in Expedia Group during the second quarter valued at about $29,000. Grey Fox Wealth Advisors LLC purchased a new stake in Expedia Group during the third quarter valued at about $30,000. Trust Co. of Toledo NA OH bought a new position in shares of Expedia Group during the second quarter valued at about $31,000. Finally, Rossby Financial LCC increased its holdings in shares of Expedia Group by 103.8% in the third quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after buying an additional 82 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Stock Up 1.0%

Shares of NASDAQ:EXPE opened at $285.59 on Friday. The firm has a fifty day moving average price of $245.01 and a two-hundred day moving average price of $212.21. The company has a market cap of $34.99 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 1.28 and a beta of 1.44. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.74 and a quick ratio of 0.74. Expedia Group has a one year low of $130.01 and a one year high of $289.98.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $7.10 by $0.47. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.13 earnings per share. Analysts anticipate that Expedia Group will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, November 19th. This represents a $1.60 dividend on an annualized basis and a yield of 0.6%. Expedia Group’s dividend payout ratio (DPR) is presently 15.31%.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.