Expedia Group, Inc. (NASDAQ:EXPE) Raises Dividend to $0.40 Per Share

Expedia Group, Inc. (NASDAQ:EXPE) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Thursday, March 6th will be paid a dividend of 0.40 per share by the online travel company on Thursday, March 27th. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34.

Expedia Group Stock Performance

Expedia Group stock traded up $2.84 during trading hours on Thursday, reaching $172.57. 3,854,334 shares of the stock were exchanged, compared to its average volume of 1,713,504. The stock has a market cap of $22.15 billion, a P/E ratio of 22.21, a P/E/G ratio of 0.77 and a beta of 1.82. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group has a 52-week low of $107.25 and a 52-week high of $192.34. The firm’s 50 day moving average is $182.31 and its 200 day moving average is $159.83.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. Analysts predict that Expedia Group will post 8.76 EPS for the current fiscal year.

Insider Activity

In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total value of $1,851,500.00. Following the completion of the sale, the director now owns 168,505 shares in the company, valued at approximately $31,198,700.75. The trade was a 5.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the sale, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. This trade represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,951 shares of company stock worth $5,174,510 over the last 90 days. Company insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXPE. Melius upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price target for the company in a report on Monday, January 6th. Robert W. Baird started coverage on shares of Expedia Group in a report on Wednesday, November 27th. They set an “outperform” rating and a $225.00 target price for the company. Benchmark restated a “buy” rating and set a $200.00 target price on shares of Expedia Group in a report on Tuesday. Bank of America raised shares of Expedia Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $187.00 to $221.00 in a research note on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Twenty analysts have rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $177.75.

About Expedia Group

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.