Expedia Group Inc (EXPE) Receives $145.77 Average Price Target from Brokerages

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Expedia Group Inc (NASDAQ:EXPE) has received a consensus rating of “Buy” from the thirty-three research firms that are covering the stock, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $145.77.

A number of equities research analysts recently commented on the company. Barclays dropped their price objective on Expedia Group from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Friday, October 26th. Zacks Investment Research downgraded Expedia Group from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. SunTrust Banks restated a “buy” rating and issued a $180.00 price target on shares of Expedia Group in a report on Tuesday, October 16th. BidaskClub upgraded Expedia Group from a “sell” rating to a “hold” rating in a report on Friday, November 30th. Finally, Morgan Stanley downgraded Expedia Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $150.00 to $125.00 in a report on Wednesday, January 9th.

In related news, Director Dara Khosrowshahi sold 50,000 shares of the firm’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $125.17, for a total transaction of $6,258,500.00. Following the sale, the director now owns 462,910 shares of the company’s stock, valued at approximately $57,942,444.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lance A. Soliday sold 1,749 shares of the firm’s stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $116.70, for a total value of $204,108.30. Following the sale, the insider now directly owns 6,393 shares in the company, valued at approximately $746,063.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,030 shares of company stock worth $6,853,966. Corporate insiders own 20.96% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in Expedia Group by 1,515.8% in the 3rd quarter. Renaissance Technologies LLC now owns 1,264,388 shares of the online travel company’s stock valued at $164,977,000 after buying an additional 1,186,138 shares in the last quarter. Boston Partners increased its position in Expedia Group by 72.6% in the 4th quarter. Boston Partners now owns 1,321,220 shares of the online travel company’s stock valued at $148,835,000 after buying an additional 555,640 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Expedia Group by 1,374.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 502,384 shares of the online travel company’s stock valued at $65,551,000 after buying an additional 468,319 shares in the last quarter. Winslow Capital Management LLC increased its position in Expedia Group by 25.2% in the 3rd quarter. Winslow Capital Management LLC now owns 1,930,406 shares of the online travel company’s stock valued at $251,880,000 after buying an additional 389,022 shares in the last quarter. Finally, Standard Life Aberdeen plc increased its position in Expedia Group by 167.0% in the 4th quarter. Standard Life Aberdeen plc now owns 549,745 shares of the online travel company’s stock valued at $62,875,000 after buying an additional 343,814 shares in the last quarter. 80.65% of the stock is currently owned by institutional investors.

NASDAQ EXPE traded up $0.12 on Friday, reaching $126.75. The company had a trading volume of 162,531 shares, compared to its average volume of 1,683,129. The company has a market capitalization of $18.90 billion, a PE ratio of 26.32, a P/E/G ratio of 1.51 and a beta of 1.04. The company has a current ratio of 0.64, a quick ratio of 0.70 and a debt-to-equity ratio of 0.66. Expedia Group has a 52 week low of $99.07 and a 52 week high of $139.77.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 7th. The online travel company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.50. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.55 billion. Expedia Group had a return on equity of 12.96% and a net margin of 3.62%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 earnings per share. As a group, sell-side analysts predict that Expedia Group will post 5.49 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Thursday, March 7th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $1.28 dividend on an annualized basis and a yield of 1.01%. Expedia Group’s dividend payout ratio (DPR) is presently 26.61%.

About Expedia Group

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

See Also: Fundamental Analysis and Individual Investors

Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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