Several other brokerages also recently issued reports on EXPE. Benchmark restated a hold rating on shares of Expedia Group in a report on Friday, February 8th. Credit Suisse Group increased their price target on Expedia Group from $145.00 to $150.00 in a report on Friday, February 8th. SunTrust Banks restated a buy rating and issued a $180.00 price target on shares of Expedia Group in a report on Monday, February 4th. Goldman Sachs Group upgraded Expedia Group from a neutral rating to a buy rating and increased their price target for the stock from $125.00 to $140.00 in a report on Friday, January 4th. Finally, Jefferies Financial Group increased their price target on Expedia Group to $160.00 and gave the stock a buy rating in a report on Friday, February 8th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $146.94.
Shares of Expedia Group stock opened at $124.51 on Tuesday. Expedia Group has a 1 year low of $105.87 and a 1 year high of $139.77. The stock has a market capitalization of $18.33 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.66.
Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 7th. The online travel company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.50. Expedia Group had a return on equity of 12.96% and a net margin of 3.62%. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the company earned $0.84 earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, research analysts predict that Expedia Group will post 6.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 7th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.03%. Expedia Group’s payout ratio is presently 26.61%.
In related news, CAO Lance A. Soliday sold 1,635 shares of the stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $124.56, for a total transaction of $203,655.60. Following the completion of the transaction, the chief accounting officer now directly owns 6,644 shares in the company, valued at $827,576.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark D. Okerstrom sold 5,531 shares of the stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $126.80, for a total value of $701,330.80. Following the transaction, the insider now owns 68,375 shares of the company’s stock, valued at $8,669,950. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 123,759 shares of company stock valued at $15,794,981. 20.96% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of EXPE. Norges Bank acquired a new position in Expedia Group during the fourth quarter valued at approximately $117,112,000. Boston Partners boosted its position in Expedia Group by 72.6% during the fourth quarter. Boston Partners now owns 1,321,220 shares of the online travel company’s stock valued at $148,835,000 after purchasing an additional 555,640 shares during the last quarter. Standard Life Aberdeen plc boosted its position in Expedia Group by 167.0% during the fourth quarter. Standard Life Aberdeen plc now owns 549,745 shares of the online travel company’s stock valued at $62,875,000 after purchasing an additional 343,814 shares during the last quarter. BlackRock Inc. boosted its position in Expedia Group by 3.3% during the fourth quarter. BlackRock Inc. now owns 7,832,787 shares of the online travel company’s stock valued at $882,363,000 after purchasing an additional 250,021 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in Expedia Group by 160.6% during the fourth quarter. Bank of Montreal Can now owns 390,741 shares of the online travel company’s stock valued at $44,016,000 after purchasing an additional 240,827 shares during the last quarter. 79.70% of the stock is owned by hedge funds and other institutional investors.
About Expedia Group
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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