Expedia Group (NASDAQ:EXPE) Stock Gets Price Target Trim from Jefferies Financial Group

Expedia Group (NASDAQ:EXPE) had its price objective reduced by Jefferies Financial Group from $350.00 to $325.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the online travel company’s stock.

A number of other equities analysts have also issued reports on EXPE. Melius Research set a $355.00 target price on shares of Expedia Group in a research report on Tuesday, October 20th. BTIG Research reaffirmed a “buy” rating and issued a $400.00 target price on shares of Expedia Group in a report on Thursday, November 5th. Barclays assumed coverage on shares of Expedia Group in a research report on Thursday, November 5th. They issued an “equal weight” rating and a $310.00 price target for the company. 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 report on Wednesday, September 16th. Finally, Wall Street Zen cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Fifteen analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $316.00.

Expedia Group Stock Up 2.4%

Shares of NASDAQ EXPE opened at $259.79 on Monday. The stock has a market cap of $31.18 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 0.60 and a beta of 1.39. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.62. Expedia Group has a 52-week low of $185.34 and a 52-week high of $342.00. The business has a 50-day moving average price of $278.24 and a 200 day moving average price of $259.23.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Wednesday, November 4th. The online travel company reported $9.39 EPS for the quarter, topping the consensus estimate of $8.85 by $0.54. Expedia Group had a return on equity of 91.03% and a net margin of 12.98%. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the previous year, the company posted $7.57 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. Equities research analysts forecast that Expedia Group will post 17.37 earnings per share for the current year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, November 18th. Expedia Group’s dividend payout ratio (DPR) is presently 11.21%.

Insider Buying and Selling

In other Expedia Group news, insider Robert Dzielak sold 1,004 shares of Expedia Group stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $335.00, for a total value of $336,340.00. Following the transaction, the insider directly owned 104,331 shares in the company, valued at approximately $34,950,885. This trade represents a 0.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Lance Soliday sold 2,810 shares of Expedia Group stock in a transaction that occurred on Tuesday, August 18th. The shares were 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 in the company, valued at $3,885,741.90. This trade represents a 18.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,814 shares of company stock valued at $1,906,796 over the last ninety days. 5.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Expedia Group

Several hedge funds have recently modified their holdings of EXPE. Valley National Advisers Inc. increased its stake in Expedia Group by 900.0% in the 3rd quarter. Valley National Advisers Inc. now owns 100 shares of the online travel company’s stock valued at $26,000 after buying an additional 90 shares during the period. Team Financial Group LLC acquired a new stake in shares of Expedia Group in the 3rd quarter worth $26,000. First Bancorp Inc ME acquired a new stake in shares of Expedia Group in the 2nd quarter worth $28,000. Jacobi Capital Management LLC purchased a new stake in shares of Expedia Group in the third quarter valued at about $44,000. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of Expedia Group by 272.9% in the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock valued at $46,000 after acquiring an additional 131 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Company Profile

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.