Shares of Expedia Group, Inc. (NASDAQ:EXPE – Get Free Report) have been given a consensus recommendation of “Hold” by the forty research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $316.7941.
A number of analysts have commented on the stock. Morgan Stanley lowered shares of Expedia Group from an “equal weight” rating to an “underweight” rating and set a $235.00 target price for the company. in a report on Wednesday. Truist Financial increased their price target on Expedia Group from $246.00 to $309.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Susquehanna raised their price target on Expedia Group from $250.00 to $315.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. TD Cowen raised Expedia Group to a “hold” rating in a research note on Monday, September 14th. Finally, The Goldman Sachs Group set a $370.00 price objective on Expedia Group in a report on Thursday, August 6th.
Check Out Our Latest Research Report on Expedia Group
Expedia Group Stock Performance
Expedia Group (NASDAQ:EXPE – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, topping the consensus estimate of $5.22 by $0.54. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. Expedia Group’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.24 EPS. Equities analysts predict that Expedia Group will post 17.14 earnings per share for the current year.
Expedia Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 27th. Expedia Group’s payout ratio is presently 11.97%.
Insider Activity
In other Expedia Group news, Director Craig A. Jacobson sold 3,133 shares of Expedia Group stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the transaction, the director directly owned 29,832 shares in the company, valued at approximately $9,800,408.64. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 value of $909,456.50. Following the completion of the sale, the chief accounting officer owned 12,006 shares of the company’s stock, valued at $3,885,741.90. This trade represents a 18.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,950 shares of company stock valued at $3,881,995 in the last ninety days. 5.20% of the stock is owned by insiders.
Institutional Trading of Expedia Group
Hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new stake in Expedia Group in the 4th quarter worth about $861,979,000. Bank of New York Mellon Corp bought a new stake in shares of Expedia Group during the 2nd quarter worth approximately $166,203,000. First Trust Advisors LP boosted its position in shares of Expedia Group by 104.1% during the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock worth $275,112,000 after acquiring an additional 607,698 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Expedia Group by 55.0% during the 4th quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock worth $364,363,000 after acquiring an additional 456,176 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Expedia Group by 67.7% in the second quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock valued at $199,622,000 after acquiring an additional 314,984 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.
About Expedia Group
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.
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