Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, B. Riley Analyst Says

Key Points

• B. Riley has increased its price target for Expedia Group stock from $222.00 to $260.00, indicating a potential upside of 33.10% from its previous close.
• Expedia Group reported earnings of $4.24 per share, surpassing expectations, with revenue of $3.79 billion for the quarter, a 6.4% increase year-over-year.
• The stock currently holds an average rating of "Moderate Buy" with a consensus target price of $193.85, amidst varying ratings from different analysts.

Expedia Group (NASDAQ:EXPE - Free Report) had its price target lifted by B. Riley from $222.00 to $260.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the online travel company's stock.

EXPE has been the topic of several other reports. Wells Fargo & Company upped their price target on Expedia Group from $149.00 to $178.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. UBS Group upped their price target on Expedia Group from $166.00 to $182.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Morgan Stanley upped their price target on Expedia Group from $150.00 to $165.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Benchmark reissued a "buy" rating on shares of Expedia Group in a research report on Wednesday, July 23rd. Finally, Oppenheimer dropped their price target on Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $203.00.

Expedia Group Stock Up 4.1%

Shares of EXPE traded up $7.65 during trading on Friday, reaching $195.26. The company's stock had a trading volume of 6,966,447 shares, compared to its average volume of 1,580,907. The company has a fifty day moving average of $176.65 and a two-hundred day moving average of $172.70. Expedia Group has a twelve month low of $125.50 and a twelve month high of $213.00. The company has a market cap of $24.82 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 0.93 and a beta of 1.61. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.13 by $0.11. Expedia Group had a return on equity of 53.64% and a net margin of 7.94%. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period in the prior year, the company posted $3.51 EPS. Expedia Group's quarterly revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts predict that Expedia Group will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, August 28th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 0.8%. Expedia Group's dividend payout ratio (DPR) is currently 18.87%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Expedia Group by 2.7% during the first quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company's stock valued at $2,555,424,000 after buying an additional 394,147 shares in the last quarter. Geode Capital Management LLC boosted its stake in Expedia Group by 1.7% during the second quarter. Geode Capital Management LLC now owns 3,414,935 shares of the online travel company's stock valued at $574,364,000 after buying an additional 58,244 shares in the last quarter. Alkeon Capital Management LLC boosted its stake in Expedia Group by 20.2% during the first quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company's stock valued at $399,284,000 after buying an additional 398,804 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Expedia Group by 174.0% in the first quarter. AQR Capital Management LLC now owns 1,444,283 shares of the online travel company's stock valued at $235,592,000 after buying an additional 917,192 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Expedia Group in the first quarter valued at $227,174,000. Institutional investors own 90.76% of the company's stock.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.