Brokerages Set Expedia Group, Inc. (NASDAQ:EXPE) Price Target at $282.42

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have earned an average recommendation of “Hold” from the thirty-six ratings firms that are presently covering the stock, MarketBeat reports. Twenty-two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $283.2258.

Several brokerages recently issued reports on EXPE. Zacks Research downgraded Expedia Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Barclays increased their price target on Expedia Group from $245.00 to $260.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. TD Cowen increased their price target on Expedia Group from $260.00 to $285.00 and gave the company a “hold” rating in a report on Wednesday. Citigroup lowered their price target on Expedia Group from $281.00 to $225.00 and set a “buy” rating for the company in a report on Friday, February 20th. Finally, Wall Street Zen upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the completion of the sale, the insider directly owned 102,480 shares in the company, valued at $22,629,633.60. This trade represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.13% of the stock is owned by corporate insiders.

Institutional Trading of Expedia Group

Several large investors have recently modified their holdings of EXPE. CI Investments Inc. lifted its position in shares of Expedia Group by 1,735.0% during the third quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock worth $9,025,000 after purchasing an additional 39,922 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in shares of Expedia Group during the third quarter worth about $1,063,000. Convergence Investment Partners LLC bought a new position in shares of Expedia Group during the third quarter worth about $1,001,000. Railway Pension Investments Ltd lifted its position in shares of Expedia Group by 19.6% during the third quarter. Railway Pension Investments Ltd now owns 115,200 shares of the online travel company’s stock worth $24,624,000 after purchasing an additional 18,900 shares during the last quarter. Finally, Savant Capital LLC lifted its position in shares of Expedia Group by 13.9% during the third quarter. Savant Capital LLC now owns 39,700 shares of the online travel company’s stock worth $8,486,000 after purchasing an additional 4,853 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Down 3.4%

Shares of NASDAQ EXPE opened at $264.60 on Friday. Expedia Group has a 12-month low of $144.69 and a 12-month high of $303.80. The company has a market cap of $32.42 billion, a P/E ratio of 26.86, a P/E/G ratio of 0.84 and a beta of 1.33. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.75. The stock has a fifty day moving average price of $230.26 and a 200 day moving average price of $247.35.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.46. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same period in the prior year, the firm earned $2.39 EPS. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. Research analysts anticipate that Expedia Group will post 16.69 EPS for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were paid a dividend of $0.48 per share. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, March 5th. Expedia Group’s payout ratio is 19.49%.

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.