Wells Fargo & Company Cuts Expedia Group (NASDAQ:EXPE) Price Target to $310.00

Expedia Group (NASDAQ:EXPE) had its price objective cut by Wells Fargo & Company from $311.00 to $310.00 in a research note published on Tuesday, MarketBeat reports. They currently have an equal weight rating on the online travel company’s stock.

Other research analysts also recently issued research reports about the stock. Susquehanna reiterated a “neutral” rating and issued a $240.00 target price on shares of Expedia Group in a research note on Tuesday, February 17th. Royal Bank Of Canada upped their target price on shares of Expedia Group from $260.00 to $290.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 17th. BTIG Research reiterated a “buy” rating and issued a $330.00 target price on shares of Expedia Group in a research note on Monday, March 16th. Argus dropped their target price on shares of Expedia Group from $345.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Finally, Jefferies Financial Group upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $240.00 to $300.00 in a research note on Monday, March 30th. Fourteen equities research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $282.42.

Expedia Group Trading Down 1.2%

Shares of NASDAQ EXPE opened at $254.43 on Tuesday. The firm’s 50 day moving average price is $227.68 and its 200-day moving average price is $245.71. The company has a market cap of $31.18 billion, a PE ratio of 25.83, a P/E/G ratio of 0.80 and a beta of 1.33. Expedia Group has a 52-week low of $144.20 and a 52-week high of $303.80. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.73 and a current ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.46. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.41 billion. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.39 earnings per share. On average, equities research analysts expect that Expedia Group will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, March 5th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.40. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. Expedia Group’s dividend payout ratio is presently 19.49%.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 8,225 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the completion of the transaction, the insider directly owned 102,480 shares of the company’s stock, valued at $22,629,633.60. The trade was a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EXPE. Motiv8 Investments LLC purchased a new stake in Expedia Group during the fourth quarter valued at approximately $25,000. Entrust Financial LLC purchased a new stake in Expedia Group during the fourth quarter valued at approximately $26,000. JFS Wealth Advisors LLC increased its holdings in Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after buying an additional 44 shares during the last quarter. Lodestone Wealth Management LLC purchased a new stake in Expedia Group during the fourth quarter valued at approximately $29,000. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in Expedia Group during the third quarter valued at approximately $30,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

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.