Shares of Expedia Group Inc (NASDAQ:EXPE) have received a consensus rating of “Hold” from the thirty-one research firms that are presently covering the firm, Marketbeat.com reports. Nineteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $144.85.
EXPE has been the subject of a number of recent research reports. DA Davidson downgraded shares of Expedia Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $162.00 to $130.00 in a research note on Thursday. Credit Suisse Group decreased their price target on shares of Expedia Group from $164.00 to $159.00 and set an “outperform” rating for the company in a research note on Thursday. ValuEngine downgraded shares of Expedia Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Cowen lifted their price target on shares of Expedia Group from $155.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Co downgraded shares of Expedia Group from an “outperform” rating to a “market perform” rating in a research note on Thursday.
NASDAQ EXPE opened at $101.32 on Monday. The firm has a 50 day simple moving average of $133.97 and a 200-day simple moving average of $129.36. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.76 and a current ratio of 0.76. Expedia Group has a one year low of $97.05 and a one year high of $144.00. The firm has a market cap of $20.20 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.68 and a beta of 1.09.
Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Wednesday, November 6th. The online travel company reported $3.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.18). Expedia Group had a net margin of 5.36% and a return on equity of 14.20%. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the previous year, the business posted $3.65 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts predict that Expedia Group will post 5.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.34%. Expedia Group’s payout ratio is 28.27%.
In other Expedia Group news, Director Dara Khosrowshahi sold 50,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $132.69, for a total value of $6,634,500.00. Following the transaction, the director now directly owns 477,677 shares of the company’s stock, valued at approximately $63,382,961.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lance A. Soliday sold 2,724 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $127.93, for a total transaction of $348,481.32. Following the completion of the transaction, the insider now directly owns 8,009 shares in the company, valued at $1,024,591.37. The disclosure for this sale can be found here. Insiders sold a total of 111,946 shares of company stock worth $14,878,704 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in EXPE. MUFG Americas Holdings Corp boosted its position in shares of Expedia Group by 116.1% during the 3rd quarter. MUFG Americas Holdings Corp now owns 2,295 shares of the online travel company’s stock worth $308,000 after purchasing an additional 1,233 shares in the last quarter. Rational Advisors LLC boosted its position in shares of Expedia Group by 236.4% during the 3rd quarter. Rational Advisors LLC now owns 5,201 shares of the online travel company’s stock worth $699,000 after purchasing an additional 3,655 shares in the last quarter. Corient Capital Partners LLC purchased a new stake in shares of Expedia Group during the 3rd quarter worth $207,000. Banco Santander S.A. purchased a new stake in shares of Expedia Group during the 3rd quarter worth $214,000. Finally, Northwestern Mutual Investment Management Company LLC boosted its position in shares of Expedia Group by 18.6% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 5,326 shares of the online travel company’s stock worth $716,000 after purchasing an additional 837 shares in the last quarter. 81.09% of the stock is currently owned by institutional investors.
About Expedia Group
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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