Expedia Group, Inc. (NASDAQ:EXPE) Receives $314.27 Consensus PT from Brokerages

Expedia Group, Inc. (NASDAQ:EXPE) has received an average recommendation of “Hold” from the thirty-nine research firms that are covering the company, Marketbeat.com reports. Twenty-one investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $317.4545.

EXPE has been the subject of a number of research reports. Robert W. Baird set a $335.00 target price on Expedia Group in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Citigroup reiterated a “neutral” rating on shares of Expedia Group in a research report on Wednesday, August 12th. Morgan Stanley lifted their price objective on shares of Expedia Group from $290.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group boosted their target price on shares of Expedia Group from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th.

Insiders Place Their Bets

In other Expedia Group news, Director Craig A. Jacobson sold 3,133 shares of the company’s stock in a transaction that occurred on 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 sale, the director directly owned 29,832 shares in the company, valued at $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Lance A. Soliday sold 2,810 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total value of $909,456.50. Following the sale, the chief accounting officer owned 12,006 shares in the company, valued at approximately $3,885,741.90. This trade represents a 18.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,652 shares of company stock valued at $4,977,561 over the last ninety days. 5.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Expedia Group

Large investors have recently made changes to their positions in the company. California State Teachers Retirement System lifted its stake in Expedia Group by 23,808.5% in the second quarter. California State Teachers Retirement System now owns 46,547,643 shares of the online travel company’s stock worth $11,910,611,000 after purchasing an additional 46,352,952 shares during the last quarter. Windacre Partnership LLC grew its stake in shares of Expedia Group by 9.2% during the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock valued at $787,049,000 after buying an additional 309,900 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Expedia Group by 25.0% during the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock valued at $779,275,000 after buying an additional 728,063 shares during the last quarter. Invesco Ltd. grew its stake in shares of Expedia Group by 8.0% during the third quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock valued at $667,507,000 after buying an additional 230,176 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Expedia Group in the fourth quarter worth approximately $861,979,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $318.92 on Friday. The stock has a 50 day moving average of $287.65 and a 200 day moving average of $250.63. Expedia Group has a 12 month low of $185.34 and a 12 month high of $342.00. The firm has a market cap of $38.28 billion, a PE ratio of 19.88, a PEG ratio of 0.82 and a beta of 1.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating the consensus estimate of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.17 billion. During the same quarter last year, the business posted $4.24 EPS. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, research analysts expect that Expedia Group will post 17.15 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors 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 yield of 0.6%. Expedia Group’s dividend payout ratio (DPR) is currently 11.97%.

About Expedia Group

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.