Credit Suisse Group Boosts Expedia Group (EXPE) Price Target to $150.00
Expedia Group (NASDAQ:EXPE) had its price objective hoisted by Credit Suisse Group from $145.00 to $150.00 in a report issued on Friday morning, The Fly reports.
Other analysts have also recently issued reports about the stock. TheStreet upgraded shares of Expedia Group from a c rating to a b rating in a report on Thursday, October 25th. Deutsche Bank lowered their price target on shares of Expedia Group from $147.00 to $146.00 and set a buy rating on the stock in a report on Tuesday, October 23rd. Oppenheimer set a $155.00 price target on shares of Expedia Group and gave the company a buy rating in a report on Tuesday, October 23rd. Cowen set a $135.00 target price on shares of Expedia Group and gave the stock a buy rating in a research note on Monday, October 22nd. Finally, Zacks Investment Research upgraded shares of Expedia Group from a hold rating to a buy rating and set a $133.00 target price for the company in a research note on Monday, October 22nd. Eleven equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $145.11.
NASDAQ:EXPE opened at $126.63 on Friday. Expedia Group has a fifty-two week low of $99.07 and a fifty-two week high of $139.77. The stock has a market capitalization of $19.52 billion, a PE ratio of 26.33, a PEG 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.
The firm 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. This represents a $1.28 annualized dividend and a yield of 1.01%. The ex-dividend date is Wednesday, March 6th. Expedia Group’s payout ratio is 26.61%.
In other Expedia Group news, insider Lance A. Soliday sold 1,749 shares of Expedia Group stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $116.70, for a total transaction of $204,108.30. Following the completion of the sale, the insider now directly owns 6,393 shares in the company, valued at approximately $746,063.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lance A. Soliday sold 3,281 shares of Expedia Group stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $119.28, for a total transaction of $391,357.68. Following the sale, the insider now owns 7,674 shares of the company’s stock, valued at $915,354.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,030 shares of company stock valued at $6,853,966. Company insiders own 20.96% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Martingale Asset Management L P acquired a new stake in Expedia Group during the 4th quarter valued at approximately $609,000. Advisor Group Inc. increased its holdings in shares of Expedia Group by 3.8% during the 4th quarter. Advisor Group Inc. now owns 24,943 shares of the online travel company’s stock valued at $2,811,000 after purchasing an additional 917 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Expedia Group by 75.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,008 shares of the online travel company’s stock valued at $1,465,000 after purchasing an additional 5,601 shares in the last quarter. AlphaCrest Capital Management LLC purchased a new position in shares of Expedia Group during the 4th quarter valued at approximately $811,000. Finally, Bank of Nova Scotia increased its holdings in shares of Expedia Group by 418.1% during the 4th quarter. Bank of Nova Scotia now owns 125,581 shares of the online travel company’s stock valued at $14,145,000 after purchasing an additional 101,341 shares in the last quarter. Institutional investors and hedge funds own 80.65% of the company’s stock.
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.
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