Expedia Group (NASDAQ:EXPE) Sets New 12-Month High After Analyst Upgrade

Expedia Group, Inc. (NASDAQ:EXPE)’s stock price hit a new 52-week high on Tuesday after Truist Financial raised their price target on the stock from $246.00 to $309.00. Truist Financial currently has a hold rating on the stock. Expedia Group traded as high as $312.50 and last traded at $312.2160, with a volume of 1488304 shares. The stock had previously closed at $298.03.

EXPE has been the subject of a number of other research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $330.00 price objective on shares of Expedia Group in a research report on Monday, July 20th. Wall Street Zen upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Wells Fargo & Company lowered their target price on Expedia Group from $307.00 to $303.00 and set an “equal weight” rating for the company in a report on Tuesday, June 30th. Wedbush began coverage on Expedia Group in a research report on Thursday, July 16th. They set an “outperform” rating and a $334.00 price target on the stock. Finally, Morgan Stanley raised their price target on Expedia Group from $290.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $292.67.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the sale, the insider owned 105,448 shares in the company, valued at approximately $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares in the company, valued at $3,124,454.38. The trade was a 6.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Windacre Partnership LLC raised its stake in Expedia Group by 9.2% during the 3rd quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock valued at $787,049,000 after acquiring an additional 309,900 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Expedia Group by 25.0% in the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after purchasing an additional 728,063 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Expedia Group by 8.0% during the third quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock valued at $667,507,000 after purchasing an additional 230,176 shares during the period. Norges Bank acquired a new position in shares of Expedia Group during the fourth quarter valued at $861,979,000. Finally, Wellington Management Group LLP increased its holdings in shares of Expedia Group by 24,899.5% during the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after purchasing an additional 1,801,232 shares during the period. 90.76% of the stock is owned by institutional investors.

Expedia Group Trading Up 4.7%

The business’s 50 day moving average is $253.92 and its two-hundred day moving average is $243.54. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. The firm has a market capitalization of $38.24 billion, a P/E ratio of 27.47, a PEG ratio of 0.77 and a beta of 1.22.

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

Expedia Group Dividend Announcement

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

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.