Expedia Group (NASDAQ:EXPE) Downgraded by Wall Street Zen to Buy

Wall Street Zen downgraded shares of Expedia Group (NASDAQ:EXPEFree Report) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.

Several other research firms have also issued reports on EXPE. Bank of America upped their price target on shares of Expedia Group from $303.00 to $306.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Zacks Research lowered shares of Expedia Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Argus cut their price target on shares of Expedia Group from $345.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Citizens Jmp restated a “market perform” rating on shares of Expedia Group in a research report on Tuesday, February 17th. Finally, DA Davidson cut their price target on shares of Expedia Group from $294.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Fourteen analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $282.74.

Read Our Latest Report on Expedia Group

Expedia Group Stock Up 1.4%

EXPE opened at $251.84 on Friday. The stock has a market cap of $30.86 billion, a PE ratio of 25.57, a P/E/G ratio of 0.77 and a beta of 1.30. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.75. Expedia Group has a 52 week low of $148.55 and a 52 week high of $303.80. The business’s fifty day simple moving average is $234.89 and its 200 day simple moving average is $248.70.

Expedia Group (NASDAQ:EXPEGet Free Report) last posted its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.46. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same period in the prior year, the business posted $2.39 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. As a group, research analysts expect that Expedia Group will post 16.64 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.8%. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, March 5th. Expedia Group’s dividend payout ratio (DPR) is 19.49%.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the completion of the sale, the insider directly owned 102,480 shares in the company, valued at $22,629,633.60. This trade represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 9.13% of the stock is owned by company insiders.

Institutional Trading of Expedia Group

Several institutional investors and hedge funds have recently bought and sold shares of EXPE. CI Investments Inc. lifted its holdings in shares of Expedia Group by 1,735.0% during the third quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock valued at $9,025,000 after purchasing an additional 39,922 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in shares of Expedia Group during the third quarter valued at approximately $1,063,000. Convergence Investment Partners LLC purchased a new position in shares of Expedia Group during the third quarter valued at approximately $1,001,000. Railway Pension Investments Ltd lifted its holdings in shares of Expedia Group by 19.6% during the third quarter. Railway Pension Investments Ltd now owns 115,200 shares of the online travel company’s stock valued at $24,624,000 after purchasing an additional 18,900 shares during the last quarter. Finally, Savant Capital LLC lifted its holdings in shares of Expedia Group by 13.9% during the third quarter. Savant Capital LLC now owns 39,700 shares of the online travel company’s stock valued at $8,486,000 after purchasing an additional 4,853 shares during the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

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Expedia Group Company Profile

(Get Free Report)

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.

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