Expedia Group’s (EXPE) Neutral Rating Reiterated at DA Davidson

DA Davidson reaffirmed their neutral rating on shares of Expedia Group (NASDAQ:EXPE) in a research note released on Thursday morning,Benzinga reports. DA Davidson currently has a $294.00 price objective on the online travel company’s stock.

EXPE has been the topic of several other reports. TD Cowen boosted their target price on Expedia Group from $220.00 to $256.00 in a research note on Friday, November 7th. Rothschild & Co Redburn boosted their price objective on shares of Expedia Group from $290.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, November 7th. BNP Paribas Exane initiated coverage on shares of Expedia Group in a research report on Monday, November 24th. They issued a “neutral” rating for the company. B. Riley lifted their target price on shares of Expedia Group from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Truist Financial set a $210.00 price target on shares of Expedia Group in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $265.78.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $274.21 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.72. The company has a 50-day moving average price of $239.66 and a 200-day moving average price of $209.24. The company has a market cap of $33.60 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 1.24 and a beta of 1.44. Expedia Group has a 12 month low of $130.01 and a 12 month high of $282.96.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same period last year, the firm earned $6.13 earnings per share. Expedia Group’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities analysts anticipate that Expedia Group will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

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

Insider Buying and Selling at Expedia Group

In other news, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $271.55, for a total transaction of $814,650.00. Following the completion of the transaction, the director directly owned 30,858 shares in the company, valued at approximately $8,379,489.90. This trade represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 849 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $248.08, for a total value of $210,619.92. Following the completion of the sale, the chief accounting officer directly owned 11,662 shares in the company, valued at approximately $2,893,108.96. This represents a 6.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 4,849 shares of company stock valued at $1,283,270. Corporate insiders own 9.13% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. OMNI 360 Wealth Inc. purchased a new stake in Expedia Group in the second quarter worth about $325,000. Korea Investment CORP grew its stake in shares of Expedia Group by 55.1% during the 1st quarter. Korea Investment CORP now owns 177,934 shares of the online travel company’s stock valued at $29,911,000 after acquiring an additional 63,244 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Expedia Group by 2.6% during the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 107,973 shares of the online travel company’s stock valued at $18,213,000 after acquiring an additional 2,767 shares during the period. Vise Technologies Inc. purchased a new stake in Expedia Group in the 2nd quarter worth approximately $2,351,000. Finally, NorthCrest Asset Manangement LLC bought a new stake in Expedia Group during the 2nd quarter worth approximately $417,000. 90.76% of the stock is currently owned by institutional investors.

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.