Expedia Group, Inc. (NASDAQ:EXPE) Stock Has Average Target Price of $312.61 According to Brokerages

Expedia Group, Inc. (NASDAQ:EXPE – Get Free Report) has been given an average rating of “Hold” by the thirty-six brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nineteen have assigned a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $316.45.

Several equities analysts have commented on EXPE shares. Morgan Stanley downgraded shares of Expedia Group from an “equal weight” rating to an “underweight” rating and set a $235.00 price target for the company. in a research note on Wednesday, September 16th. The Goldman Sachs Group reiterated a “buy” rating and issued a $320.00 price objective on shares of Expedia Group in a research note on Thursday, November 5th. Cantor Fitzgerald increased their price objective on Expedia Group from $310.00 to $320.00 and gave the company a “neutral” rating in a research note on Thursday, November 5th. Jefferies Financial Group decreased their target price on Expedia Group from $350.00 to $325.00 and set a “buy” rating for the company in a report on Monday. Finally, Weiss Ratings cut Expedia Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday.

View Our Latest Analysis on Expedia Group

Expedia Group Stock Down 2.1%

Shares of EXPE opened at $253.77 on Wednesday. The stock has a market capitalization of $30.46 billion, a PE ratio of 14.81, a P/E/G ratio of 0.62 and a beta of 1.39. Expedia Group has a 1 year low of $185.34 and a 1 year high of $342.00. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.77 and a current ratio of 0.77. The company’s 50-day simple moving average is $279.13 and its 200-day simple moving average is $259.28.

Expedia Group (NASDAQ:EXPE – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The online travel company reported $9.39 earnings per share for the quarter, beating analysts’ consensus estimates of $8.85 by $0.54. Expedia Group had a net margin of 12.98% and a return on equity of 91.03%. The firm had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter in the previous year, the business posted $7.57 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts forecast that Expedia Group will post 17.37 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 18th. Expedia Group’s dividend payout ratio (DPR) is presently 11.21%.

Insider Transactions at Expedia Group

In related news, Director Craig Jacobson sold 3,133 shares of the company’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 sale, the director directly owned 29,832 shares in the company, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lance Soliday sold 2,810 shares of the firm’s 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 completion of the sale, the chief accounting officer directly owned 12,006 shares in the company, valued at approximately $3,885,741.90. This trade represents a 18.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 8,947 shares of company stock valued at $2,936,050. 5.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently modified their holdings of EXPE. Bank of New York Mellon Corp acquired a new stake in Expedia Group in the second quarter valued at $166,203,000. First Trust Advisors LP increased its holdings in shares of Expedia Group by 104.1% in the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after acquiring an additional 607,698 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Expedia Group by 67.7% in the 2nd quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock valued at $199,622,000 after acquiring an additional 314,984 shares during the last quarter. SEB Asset Management AB acquired a new stake in shares of Expedia Group during the 1st quarter worth about $53,254,000. Finally, KBC Group NV raised its position in shares of Expedia Group by 201.3% during the 1st quarter. KBC Group NV now owns 276,150 shares of the online travel company’s stock worth $63,761,000 after acquiring an additional 184,507 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Expedia Group

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About Expedia Group

(Get Free Report)

Expedia Group, Inc. is an online travel company that connects travelers with lodging, flights, rental cars, cruises, vacation packages and activities. Its consumer-facing brands include Expedia, Hotels.com and Vrbo, which specializes in vacation rentals. The company also provides travel technology and booking services to business partners. Founded in 1996 as a division of Microsoft, Expedia became an independent public company in 1999. It serves travelers and lodging partners in markets around the world through its websites and mobile apps.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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