Expedia Group, Inc. (NASDAQ:EXPE) Receives Average Recommendation of “Hold” from Analysts

Expedia Group, Inc. (NASDAQ:EXPE) has been given a consensus recommendation of “Hold” by the thirty-nine analysts that are presently covering the stock, Marketbeat Ratings reports. Twenty-three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $284.4242.

Several research analysts recently issued reports on EXPE shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a research report on Monday. DA Davidson dropped their price target on shares of Expedia Group from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. TD Cowen increased their price target on shares of Expedia Group from $260.00 to $285.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Benchmark dropped their price target on shares of Expedia Group from $310.00 to $290.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Finally, BMO Capital Markets increased their price target on shares of Expedia Group from $250.00 to $255.00 and gave the stock a “market perform” rating in a research report on Friday, February 13th.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 8,225 shares of the 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 completion of the transaction, the insider owned 102,480 shares of the company’s stock, valued at $22,629,633.60. This represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EXPE. CI Investments Inc. raised its stake in shares of Expedia Group by 1,735.0% in the third quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock valued at $9,025,000 after acquiring an additional 39,922 shares during the last quarter. Convergence Investment Partners LLC bought a new position in shares of Expedia Group in the third quarter valued at approximately $1,001,000. Rakuten Investment Management Inc. bought a new position in shares of Expedia Group in the third quarter valued at approximately $1,063,000. National Pension Service raised its stake in shares of Expedia Group by 6.7% in the third quarter. National Pension Service now owns 248,328 shares of the online travel company’s stock valued at $53,080,000 after acquiring an additional 15,611 shares during the last quarter. Finally, Savant Capital LLC raised its stake in shares of Expedia Group by 13.9% in the third quarter. Savant Capital LLC now owns 39,700 shares of the online travel company’s stock valued at $8,486,000 after acquiring an additional 4,853 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Up 0.0%

NASDAQ EXPE opened at $215.00 on Wednesday. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a 50-day simple moving average of $237.39 and a 200 day simple moving average of $249.47. Expedia Group has a twelve month low of $156.05 and a twelve month high of $303.80. The stock has a market cap of $26.35 billion, a PE ratio of 18.93, a PEG ratio of 0.67 and a beta of 1.30.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share 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 business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the company earned $0.40 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. On average, research analysts forecast that Expedia Group will post 16.64 EPS for the current year.

Expedia Group Dividend Announcement

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

Expedia Group Company Profile

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.