Expedia Group (NASDAQ:EXPE) Upgraded to “Hold” at TD Cowen

TD Cowen upgraded shares of Expedia Group (NASDAQ:EXPEFree Report) to a hold rating in a research note published on Monday morning,Zacks reports.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company increased their target price on shares of Expedia Group from $303.00 to $307.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Truist Financial upped their price objective on Expedia Group from $246.00 to $309.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Argus increased their price objective on Expedia Group from $270.00 to $315.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. BMO Capital Markets reissued a “market perform” rating and issued a $285.00 target price on shares of Expedia Group in a research report on Friday, August 7th. Finally, Royal Bank Of Canada boosted their target price on Expedia Group from $290.00 to $330.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Eighteen analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $316.79.

View Our Latest Stock Report on EXPE

Expedia Group Trading Down 2.1%

Shares of Expedia Group stock opened at $286.97 on Monday. The firm has a market cap of $34.44 billion, a PE ratio of 17.89, a P/E/G ratio of 0.72 and a beta of 1.25. Expedia Group has a 1 year low of $185.34 and a 1 year high of $342.00. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a fifty day moving average price of $297.86 and a 200-day moving average price of $258.73.

Expedia Group (NASDAQ:EXPEGet Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, topping analysts’ consensus estimates of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same period in the previous year, the firm earned $4.24 EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. Equities research analysts anticipate that Expedia Group will post 17.15 EPS for the current year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be given a $0.48 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. Expedia Group’s payout ratio is 11.97%.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 1,004 shares of Expedia Group stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $335.00, for a total transaction of $336,340.00. Following the completion of the transaction, the insider owned 104,331 shares of the company’s stock, valued at $34,950,885. The trade was a 0.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Lance A. Soliday sold 2,810 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total transaction of $909,456.50. Following the completion of the sale, the chief accounting officer directly owned 12,006 shares in the company, valued at approximately $3,885,741.90. The trade was a 18.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 11,950 shares of company stock worth $3,881,995. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. First Bancorp Inc ME bought a new stake in Expedia Group during the second quarter valued at $28,000. Elevation Wealth Partners LLC increased its stake in Expedia Group by 272.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock worth $46,000 after acquiring an additional 131 shares during the last quarter. Cache Advisors LLC purchased a new stake in shares of Expedia Group in the 1st quarter valued at about $48,000. CENTRAL TRUST Co raised its holdings in shares of Expedia Group by 1,147.1% in the 1st quarter. CENTRAL TRUST Co now owns 212 shares of the online travel company’s stock valued at $49,000 after acquiring an additional 195 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Expedia Group by 35.2% during the 4th quarter. Covestor Ltd now owns 219 shares of the online travel company’s stock valued at $62,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

About Expedia Group

(Get Free Report)

Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.

The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.

Further Reading

Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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