Expedia Group (NASDAQ:EXPE) Upgraded at TD Cowen

TD Cowen upgraded shares of Expedia Group (NASDAQ:EXPE) to a hold rating in a research note released on Monday morning,Zacks reports.

Other research analysts have also recently issued research reports about the stock. Rosenblatt Securities started coverage on shares of Expedia Group in a report on Tuesday, September 1st. They issued a “neutral” rating and a $360.00 target price for the company. Susquehanna lifted their price target on shares of Expedia Group from $250.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Truist Financial upped their price objective on shares of Expedia Group from $246.00 to $309.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Finally, Citigroup restated a “neutral” rating on shares of Expedia Group in a research report on Wednesday, August 12th. Eighteen analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Expedia Group presently has an average rating of “Hold” and an average price target of $316.79.

Expedia Group Price Performance

Expedia Group stock opened at $286.97 on Monday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. Expedia Group has a 52 week low of $185.34 and a 52 week high of $342.00. The stock has a market capitalization of $34.44 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 0.72 and a beta of 1.25. The stock has a fifty day moving average of $297.86 and a 200-day moving average of $258.73.

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

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group’s dividend payout ratio (DPR) is presently 11.97%.

Insider Transactions at Expedia Group

In other news, CAO Lance Soliday sold 2,810 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value of $909,456.50. Following the completion of the transaction, the chief accounting officer owned 12,006 shares of the company’s stock, valued at $3,885,741.90. This represents a 18.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Craig Jacobson sold 3,133 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the transaction, the director owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. This trade represents a 9.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 11,950 shares of company stock worth $3,881,995. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several large investors have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Expedia Group during the fourth quarter worth $861,979,000. Deutsche Bank AG increased its holdings in Expedia Group by 55.0% in the fourth quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock valued at $364,363,000 after purchasing an additional 456,176 shares during the period. First Trust Advisors LP raised its position in Expedia Group by 104.1% during the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock worth $275,112,000 after purchasing an additional 607,698 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Expedia Group by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,190,874 shares of the online travel company’s stock worth $274,948,000 after purchasing an additional 17,378 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Expedia Group by 13.3% during the 1st quarter. Pacer Advisors Inc. now owns 1,069,524 shares of the online travel company’s stock worth $246,942,000 after buying an additional 125,749 shares during the period. Institutional investors own 90.76% of the company’s stock.

About Expedia Group

Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.

The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.