Expedia Group (NASDAQ:EXPE) Price Target Raised to $260.00

Expedia Group (NASDAQ:EXPE) had its target price increased by Royal Bank Of Canada from $200.00 to $260.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a sector perform rating on the online travel company’s stock.

A number of other research analysts also recently commented on the stock. Oppenheimer increased their price target on shares of Expedia Group from $250.00 to $290.00 and gave the company an “outperform” rating in a report on Friday. UBS Group lifted their price objective on shares of Expedia Group from $209.00 to $234.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Jefferies Financial Group raised their price objective on Expedia Group from $210.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday, October 17th. Evercore ISI raised their price target on shares of Expedia Group from $280.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Susquehanna upped their target price on Expedia Group from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, August 11th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and twenty-three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $253.00.

Expedia Group Stock Up 17.5%

Shares of NASDAQ:EXPE opened at $258.25 on Friday. Expedia Group has a 12-month low of $130.01 and a 12-month high of $264.20. The stock has a market capitalization of $31.95 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 1.15 and a beta of 1.58. The stock has a fifty day simple moving average of $219.50 and a two-hundred day simple moving average of $192.58. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $7.10 by $0.47. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the previous year, the company earned $6.13 earnings per share. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Expedia Group has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts anticipate that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, November 19th. Expedia Group’s payout ratio is 15.31%.

Insiders Place Their Bets

In related news, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $207.78, for a total transaction of $623,340.00. Following the sale, the director directly owned 33,858 shares in the company, valued at $7,035,015.24. This trade represents a 8.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Soliday sold 852 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total value of $175,409.76. Following the completion of the sale, the chief accounting officer owned 12,036 shares of the company’s stock, valued at approximately $2,477,971.68. This represents a 6.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 9,816 shares of company stock valued at $2,009,132. 9.13% of the stock is owned by corporate insiders.

Institutional Trading of Expedia Group

Hedge funds have recently bought and sold shares of the company. OMNI 360 Wealth Inc. purchased a new stake in shares of Expedia Group during the 2nd quarter valued at $325,000. Korea Investment CORP lifted its position in shares of Expedia Group by 55.1% during the first quarter. Korea Investment CORP now owns 177,934 shares of the online travel company’s stock worth $29,911,000 after purchasing an additional 63,244 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in Expedia Group by 3,369.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company’s stock worth $172,995,000 after buying an additional 999,454 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in Expedia Group during the 1st quarter valued at approximately $1,648,000. Finally, Malaga Cove Capital LLC bought a new stake in shares of Expedia Group in the first quarter worth $574,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Company Profile

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.