Expedia Group (NASDAQ:EXPE) Research Coverage Started at Rosenblatt Securities

Rosenblatt Securities initiated coverage on shares of Expedia Group (NASDAQ:EXPE) in a research note released on Tuesday morning, Marketbeat reports. The firm issued a neutral rating and a $360.00 price objective on the online travel company’s stock.

A number of other equities research analysts have also weighed in on EXPE. Morgan Stanley upped their target price on shares of Expedia Group from $290.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. UBS Group boosted their price objective on Expedia Group from $322.00 to $351.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Piper Sandler reissued a “neutral” rating and issued a $325.00 price objective (up from $245.00) on shares of Expedia Group in a research note on Thursday, August 6th. BTIG Research raised their target price on Expedia Group from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Finally, Dbs Bank upgraded Expedia Group from a “hold” rating to a “moderate buy” rating in a report on Monday, May 11th. Eighteen investment analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $318.71.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $303.14 on Tuesday. The firm’s 50-day moving average price is $294.15 and its 200-day moving average price is $253.52. Expedia Group has a 1-year low of $185.34 and a 1-year high of $342.00. The firm has a market capitalization of $36.38 billion, a P/E ratio of 18.90, a P/E/G ratio of 0.75 and a beta of 1.25. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating the consensus estimate of $5.22 by $0.54. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the business posted $4.24 EPS. Equities research analysts anticipate that Expedia Group will post 17.15 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group’s dividend payout ratio is presently 11.97%.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 2,810 shares of Expedia Group stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the transaction, the chief accounting officer owned 12,006 shares of the company’s stock, valued at $3,885,741.90. This trade represents a 18.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Dzielak sold 1,004 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $335.00, for a total value of $336,340.00. Following the completion of the transaction, the insider owned 104,331 shares in the company, valued at $34,950,885. The trade was a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 11,950 shares of company stock valued at $3,881,995. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of Expedia Group

A number of hedge funds have recently bought and sold shares of EXPE. Independence Bank of Kentucky grew its stake in Expedia Group by 0.6% in the 2nd quarter. Independence Bank of Kentucky now owns 5,270 shares of the online travel company’s stock valued at $1,348,000 after purchasing an additional 32 shares during the period. Petredis Investment Advisors LLC boosted its holdings in shares of Expedia Group by 3.2% in the 1st quarter. Petredis Investment Advisors LLC now owns 1,305 shares of the online travel company’s stock worth $301,000 after buying an additional 40 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Expedia Group by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 2,225 shares of the online travel company’s stock worth $630,000 after buying an additional 47 shares during the last quarter. Beacon Financial Advisory LLC boosted its holdings in shares of Expedia Group by 3.0% in the 1st quarter. Beacon Financial Advisory LLC now owns 1,628 shares of the online travel company’s stock worth $376,000 after buying an additional 48 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its position in Expedia Group by 0.7% during the first quarter. V Square Quantitative Management LLC now owns 7,389 shares of the online travel company’s stock valued at $1,706,000 after buying an additional 49 shares during the period. 90.76% of the stock is currently owned by institutional investors.

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.