Brokerages Set Expedia Group, Inc. (NASDAQ:EXPE) Price Target at $314.27

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have been assigned an average recommendation of “Hold” from the thirty-nine research firms that are presently covering the firm, Marketbeat reports. Twenty-one research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $314.2727.

A number of analysts have issued reports on the company. BMO Capital Markets reaffirmed a “market perform” rating and issued a $285.00 target price on shares of Expedia Group in a report on Friday, August 7th. Morgan Stanley upped their price target on Expedia Group from $290.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Citic Securities reduced their price objective on Expedia Group from $337.00 to $320.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Wells Fargo & Company raised their price objective on shares of Expedia Group from $303.00 to $307.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, Wall Street Zen lowered shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $321.63 on Friday. The company’s 50 day moving average is $280.28 and its 200-day moving average is $247.88. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. Expedia Group has a 12 month low of $185.34 and a 12 month high of $335.00. The firm has a market cap of $38.60 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 0.79 and a beta of 1.22.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, topping the consensus estimate of $5.22 by $0.54. The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.24 EPS. Equities analysts anticipate that Expedia Group will post 17.15 EPS for the current year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a yield of 0.6%. Expedia Group’s dividend payout ratio is 11.97%.

Insiders Place Their Bets

In other news, Director Craig A. Jacobson sold 3,133 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 2,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $330.50, for a total value of $661,000.00. Following the transaction, the insider owned 105,335 shares in the company, valued at $34,813,217.50. This represents a 1.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,588 shares of company stock worth $4,849,769 in the last ninety days. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Windacre Partnership LLC lifted its holdings in shares of Expedia Group by 9.2% during the 3rd quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock worth $787,049,000 after acquiring an additional 309,900 shares during the period. AQR Capital Management LLC increased its stake in Expedia Group by 25.0% in the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock valued at $779,275,000 after acquiring an additional 728,063 shares during the period. Invesco Ltd. increased its stake in Expedia Group by 8.0% in the third quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock valued at $667,507,000 after acquiring an additional 230,176 shares during the period. Norges Bank acquired a new position in Expedia Group in the fourth quarter worth about $861,979,000. Finally, Wellington Management Group LLP raised its position in Expedia Group by 24,899.5% in the third 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 in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.