Expedia Group (NASDAQ:EXPE) Price Target Raised to $340.00

Expedia Group (NASDAQ:EXPE) had its target price lifted by Argus from $300.00 to $340.00 in a research report sent to investors on Monday morning,MarketScreener reports. Argus currently has a buy rating on the online travel company’s stock.

Several other equities analysts also recently commented on EXPE. Evercore ISI upped their price objective on Expedia Group from $280.00 to $350.00 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. KeyCorp assumed coverage on Expedia Group in a research report on Wednesday, October 22nd. They set a “sector weight” rating on the stock. B. Riley increased their price target on Expedia Group from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. BTIG Research boosted their price objective on Expedia Group from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Expedia Group in a report on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and twenty-four have given a Hold rating to the company’s stock. According to data from MarketBeat, Expedia Group has an average rating of “Hold” and an average target price of $271.91.

Expedia Group Price Performance

EXPE opened at $283.31 on Monday. The firm has a market cap of $34.71 billion, a P/E ratio of 27.11, a PEG ratio of 1.29 and a beta of 1.44. The firm has a 50-day moving average of $257.32 and a 200 day moving average of $219.75. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.74 and a current ratio of 0.74. Expedia Group has a fifty-two week low of $130.01 and a fifty-two week high of $292.42.

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

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Stockholders 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 annualized dividend and a dividend yield of 0.6%. Expedia Group’s dividend payout ratio is currently 15.31%.

Insider Transactions at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 849 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $248.08, for a total value of $210,619.92. Following the sale, the chief accounting officer directly owned 11,662 shares in the company, valued at $2,893,108.96. This represents a 6.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $258.00, for a total transaction of $258,000.00. Following the transaction, the director owned 2,916 shares of the company’s stock, valued at $752,328. This trade represents a 25.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 4,849 shares of company stock valued at $1,283,270. 9.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

Several large investors have recently added to or reduced their stakes in EXPE. Spire Wealth Management raised its holdings in shares of Expedia Group by 114.3% in the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 80 shares in the last quarter. GFG Capital LLC bought a new position in shares of Expedia Group in the second quarter worth approximately $29,000. Grey Fox Wealth Advisors LLC bought a new position in shares of Expedia Group in the third quarter worth approximately $30,000. Trust Co. of Toledo NA OH purchased a new stake in Expedia Group in the second quarter valued at approximately $31,000. Finally, Rossby Financial LCC lifted its position in Expedia Group by 103.8% during the third quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock valued at $35,000 after purchasing an additional 82 shares during the last quarter. 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.