Expedia Group Inc (NASDAQ:EXPE) has received a consensus rating of “Hold” from the thirty-one brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nineteen have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $142.35.
EXPE has been the topic of a number of recent research reports. Argus upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Wednesday, July 31st. TheStreet upgraded shares of Expedia Group from a “c+” rating to an “a-” rating in a research note on Thursday, July 25th. ValuEngine cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. DA Davidson cut shares of Expedia Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $162.00 to $130.00 in a research note on Thursday, November 7th. Finally, Credit Suisse Group cut their price objective on shares of Expedia Group from $164.00 to $159.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th.
Shares of EXPE stock traded up $0.09 during mid-day trading on Monday, reaching $95.67. 2,935,400 shares of the company were exchanged, compared to its average volume of 4,028,310. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $14.30 billion, a P/E ratio of 19.89, a P/E/G ratio of 1.50 and a beta of 1.09. Expedia Group has a fifty-two week low of $94.10 and a fifty-two week high of $144.00. The business’s 50 day simple moving average is $129.68 and its 200 day simple moving average is $128.53.
Expedia Group (NASDAQ:EXPE) last posted its earnings results on Wednesday, November 6th. The online travel company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.18). The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.57 billion. Expedia Group had a net margin of 4.26% and a return on equity of 13.45%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.65 earnings per share. On average, analysts forecast that Expedia Group will post 5.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 19th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Monday, November 18th. Expedia Group’s dividend payout ratio (DPR) is presently 28.27%.
In other Expedia Group news, insider Lance A. Soliday sold 2,724 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $127.93, for a total value of $348,481.32. Following the sale, the insider now directly owns 8,009 shares in the company, valued at $1,024,591.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 50,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $132.98, for a total transaction of $6,649,000.00. Following the completion of the sale, the director now owns 477,677 shares in the company, valued at $63,521,487.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 111,946 shares of company stock worth $14,878,704. 2.10% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of EXPE. Vanguard Group Inc. increased its stake in Expedia Group by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 12,335,351 shares of the online travel company’s stock worth $1,640,972,000 after purchasing an additional 268,465 shares in the last quarter. Par Capital Management Inc. increased its stake in Expedia Group by 19.4% in the 2nd quarter. Par Capital Management Inc. now owns 9,509,627 shares of the online travel company’s stock worth $1,265,066,000 after purchasing an additional 1,545,373 shares in the last quarter. BlackRock Inc. increased its stake in Expedia Group by 5.2% in the 2nd quarter. BlackRock Inc. now owns 8,223,670 shares of the online travel company’s stock worth $1,093,995,000 after purchasing an additional 407,604 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Expedia Group by 1,704.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 5,557,410 shares of the online travel company’s stock worth $739,303,000 after purchasing an additional 5,249,396 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Expedia Group by 3.6% in the 2nd quarter. Invesco Ltd. now owns 1,990,930 shares of the online travel company’s stock worth $264,853,000 after purchasing an additional 68,843 shares in the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.
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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