Expedia Group (NASDAQ:EXPE) Price Target Lowered to $250.00 at DA Davidson

Expedia Group (NASDAQ:EXPE) had its target price trimmed by DA Davidson from $260.00 to $250.00 in a research report sent to investors on Friday,MarketScreener reports. The brokerage currently has a neutral rating on the online travel company’s stock.

EXPE has been the topic of several other reports. The Goldman Sachs Group upped their price target on shares of Expedia Group from $325.00 to $355.00 and gave the company a “buy” rating in a report on Friday, February 13th. Truist Financial dropped their price target on shares of Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Robert W. Baird set a $290.00 price objective on shares of Expedia Group in a research report on Friday, May 8th. Piper Sandler upped their price objective on shares of Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Morgan Stanley raised their price target on shares of Expedia Group from $270.00 to $290.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $284.85.

Expedia Group Stock Performance

NASDAQ:EXPE traded up $0.56 during mid-day trading on Friday, hitting $217.73. The company’s stock had a trading volume of 1,379,756 shares, compared to its average volume of 1,762,133. Expedia Group has a 1 year low of $156.05 and a 1 year high of $303.80. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $26.68 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 0.68 and a beta of 1.30. The business’s fifty day moving average is $238.81 and its two-hundred day moving average is $249.39.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the company earned $0.40 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. Analysts anticipate that Expedia Group will post 16.64 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, May 28th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a yield of 0.9%. Expedia Group’s dividend payout ratio (DPR) is currently 16.90%.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the transaction, the insider directly owned 102,480 shares of the company’s stock, valued at approximately $22,629,633.60. This trade represents a 7.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.81% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Motiv8 Investments LLC purchased a new position in Expedia Group in the 4th quarter worth approximately $25,000. Entrust Financial LLC purchased a new position in Expedia Group in the 4th quarter worth approximately $26,000. JFS Wealth Advisors LLC lifted its stake in Expedia Group by 78.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in Expedia Group in the 4th quarter worth approximately $29,000. Finally, Grey Fox Wealth Advisors LLC purchased a new position in Expedia Group in the 3rd quarter worth approximately $30,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

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.