Expedia Group (NASDAQ:EXPE) Sees Large Volume Increase – What’s Next?

Expedia Group, Inc. (NASDAQ:EXPE) saw unusually-strong trading volume on Tuesday . Approximately 1,871,063 shares changed hands during trading, a decline of 3% from the previous session’s volume of 1,930,518 shares.The stock last traded at $164.28 and had previously closed at $165.49.

Analysts Set New Price Targets

EXPE has been the subject of several research reports. StockNews.com cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Friday. JMP Securities reissued a “market perform” rating on shares of Expedia Group in a research report on Friday, February 7th. Truist Financial boosted their target price on shares of Expedia Group from $163.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, March 12th. Oppenheimer dropped their target price on Expedia Group from $230.00 to $210.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Finally, Wells Fargo & Company boosted their price target on shares of Expedia Group from $143.00 to $149.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Expedia Group has an average rating of “Moderate Buy” and an average price target of $186.35.

Expedia Group Price Performance

The firm has a market cap of $21.07 billion, a P/E ratio of 18.07, a PEG ratio of 0.92 and a beta of 1.62. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The firm has a 50-day simple moving average of $160.53 and a 200-day simple moving average of $176.22.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the business posted $0.21 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group’s payout ratio is 18.87%.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the sale, the insider now owns 74,502 shares in the company, valued at approximately $15,325,061.40. This represents a 6.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently made changes to their positions in EXPE. Handelsbanken Fonder AB increased its holdings in shares of Expedia Group by 17.8% in the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company’s stock valued at $5,729,000 after purchasing an additional 4,656 shares in the last quarter. Teamwork Financial Advisors LLC acquired a new position in Expedia Group during the fourth quarter valued at approximately $1,791,000. Clare Market Investments LLC purchased a new stake in Expedia Group during the fourth quarter worth approximately $319,000. Nisa Investment Advisors LLC increased its position in shares of Expedia Group by 17.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company’s stock worth $11,180,000 after acquiring an additional 9,086 shares in the last quarter. Finally, Cigna Investments Inc. New purchased a new position in shares of Expedia Group in the 4th quarter valued at $238,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Company Profile

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.