Shares of Expedia Group, Inc. (NASDAQ:EXPE – Get Free Report) have been assigned a consensus rating of “Hold” from the thirty-nine brokerages that are covering the company, MarketBeat Ratings reports. Twenty-three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $286.2727.
Several brokerages have issued reports on EXPE. B. Riley Financial dropped their price target on Expedia Group from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Wall Street Zen raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. TD Cowen lifted their price objective on shares of Expedia Group from $260.00 to $285.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Gordon Haskett dropped their target price on shares of Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Finally, Wells Fargo & Company cut their target price on shares of Expedia Group from $307.00 to $303.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 30th.
View Our Latest Analysis on Expedia Group
Expedia Group Stock Down 3.5%
Expedia Group (NASDAQ:EXPE – Get Free Report) last announced its earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the prior year, the company earned $0.40 EPS. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities research analysts predict that Expedia Group will post 16.98 earnings per share for the current year.
Expedia Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were issued a dividend of $0.48 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. Expedia Group’s dividend payout ratio is currently 16.90%.
Insider Activity
In other news, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the transaction, the insider owned 105,448 shares of the company’s stock, valued at $24,569,384. This represents a 4.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lance A. Soliday sold 940 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the transaction, the chief accounting officer directly owned 14,083 shares in the company, valued at $3,124,454.38. This trade represents a 6.26% decrease in their position. The SEC filing for this sale provides additional information. 5.20% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in EXPE. Norges Bank bought a new stake in shares of Expedia Group during the fourth quarter valued at approximately $861,979,000. Wellington Management Group LLP lifted its holdings in shares of Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after purchasing an additional 1,801,232 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Expedia Group by 25.0% in the 3rd 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. First Trust Advisors LP grew its position in Expedia Group by 104.1% in the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after purchasing an additional 607,698 shares during the period. Finally, Deutsche Bank AG grew its position in Expedia Group by 55.0% in the 4th quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock valued at $364,363,000 after purchasing an additional 456,176 shares during the period. Institutional investors own 90.76% of the company’s stock.
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.
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