Expedia Group (NASDAQ:EXPE) Price Target Raised to $294.00

Expedia Group (NASDAQ:EXPE) had its target price boosted by Robert W. Baird from $290.00 to $294.00 in a research report report published on Wednesday morning, MarketBeat reports. They currently have an outperform rating on the online travel company’s stock.

Other analysts have also issued research reports about the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $255.00 target price on shares of Expedia Group in a research report on Monday. Jefferies Financial Group upped their price target on shares of Expedia Group from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft dropped their price target on Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Morgan Stanley boosted their price objective on Expedia Group from $270.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Finally, Dbs Bank raised Expedia Group from a “hold” rating to a “moderate buy” rating in a report on Monday, May 11th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. According to data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and a consensus price target of $288.64.

Expedia Group Stock Up 0.9%

EXPE stock opened at $259.94 on Wednesday. The stock has a market capitalization of $31.85 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 0.68 and a beta of 1.23. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group has a 12 month low of $174.05 and a 12 month high of $303.80. The firm has a 50-day moving average price of $244.54 and a 200-day moving average price of $243.99.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company posted $0.40 EPS. As a group, equities research analysts anticipate that Expedia Group will post 16.98 EPS for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. Expedia Group’s payout ratio is currently 16.90%.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the sale, the insider directly owned 105,448 shares in the company, valued at $24,569,384. This represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the transaction, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Windacre Partnership LLC boosted its holdings in Expedia Group by 9.2% in the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock valued at $787,049,000 after acquiring an additional 309,900 shares during the last quarter. AQR Capital Management LLC raised its holdings in Expedia Group by 25.0% during the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after purchasing an additional 728,063 shares during the last quarter. Invesco Ltd. raised its holdings in Expedia Group by 8.0% during the 3rd quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock worth $667,507,000 after purchasing an additional 230,176 shares during the last quarter. Norges Bank acquired a new position in shares of Expedia Group in the 4th quarter worth approximately $861,979,000. Finally, Wellington Management Group LLP lifted its position in shares of Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after purchasing an additional 1,801,232 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Company Profile

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.