Expedia Group, Inc. (NASDAQ:EXPE) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts are broadly neutral on Expedia Group: 22 of 40 analysts rate the stock “Hold,” while 18 recommend buying it. The average 12-month price target is approximately $318.71, above the reported share price of $287.86.
• Expedia exceeded quarterly expectations: The company reported $5.76 in earnings per share and $4.32 billion in revenue, surpassing estimates of $5.22 EPS and $4.17 billion in revenue. Revenue increased 14% year over year.
• The company declared a quarterly dividend of $0.48 per share, equivalent to $1.92 annually and a 0.7% yield. Insiders sold 11,950 shares worth approximately $3.88 million over the past 90 days, while institutional investors own 90.76% of the stock.

Shares of Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report) have received an average recommendation of "Hold" from the forty research firms that are currently covering the stock, Marketbeat reports. Twenty-two equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $318.7059.

A number of equities research analysts have commented on EXPE shares. Truist Financial raised their target price on shares of Expedia Group from $246.00 to $309.00 and gave the stock a "hold" rating in a research note on Monday, August 3rd. 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. Wedbush increased their price objective on shares of Expedia Group from $334.00 to $417.00 and gave the stock an "outperform" rating in a research note on Thursday, August 20th. Jefferies Financial Group raised their price objective on shares of Expedia Group from $300.00 to $310.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Finally, TD Cowen upped their target price on shares of Expedia Group from $285.00 to $320.00 and gave the stock a "hold" rating in a report on Friday, August 7th.

Expedia Group Price Performance

NASDAQ EXPE opened at $287.86 on Tuesday. The business's fifty day moving average is $296.86 and its 200 day moving average is $257.62. Expedia Group has a fifty-two week low of $185.34 and a fifty-two week high of $342.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $34.55 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 0.69 and a beta of 1.25.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, topping analysts' consensus estimates of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The business had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.17 billion. During the same quarter in the prior year, the business posted $4.24 earnings per share. The business's quarterly revenue was up 14.0% on a year-over-year basis. Sell-side analysts predict that Expedia Group will post 17.15 earnings per share for the current year.

Expedia Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 27th. Expedia Group's payout ratio is presently 11.97%.

Insider Transactions at Expedia Group

In related news, insider Robert Dzielak sold 3,003 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $315.00, for a total transaction of $945,945.00. Following the completion of the sale, the insider owned 103,829 shares in the company, valued at approximately $32,706,135. This trade represents a 2.81% decrease in their ownership of the stock. The transaction 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 sale, the chief accounting officer directly owned 12,006 shares in the company, valued at $3,885,741.90. This trade represents a 18.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,950 shares of company stock valued at $3,881,995 over the last 90 days. Company insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On Expedia Group

Several hedge funds have recently modified their holdings of EXPE. Independence Bank of Kentucky increased its position in Expedia Group by 0.6% during the 2nd quarter. Independence Bank of Kentucky now owns 5,270 shares of the online travel company's stock valued at $1,348,000 after purchasing an additional 32 shares during the period. Petredis Investment Advisors LLC lifted its position in shares of Expedia Group by 3.2% in the 1st quarter. Petredis Investment Advisors LLC now owns 1,305 shares of the online travel company's stock worth $301,000 after purchasing an additional 40 shares during the period. Beacon Financial Advisory LLC lifted its position in shares of Expedia Group by 3.0% in the 1st quarter. Beacon Financial Advisory LLC now owns 1,628 shares of the online travel company's stock worth $376,000 after purchasing an additional 48 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of Expedia Group by 0.7% during the first quarter. V Square Quantitative Management LLC now owns 7,389 shares of the online travel company's stock valued at $1,706,000 after purchasing an additional 49 shares in the last quarter. Finally, Tucker Asset Management LLC increased its holdings in Expedia Group by 3.1% during the second quarter. Tucker Asset Management LLC now owns 1,666 shares of the online travel company's stock valued at $426,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

About Expedia Group

Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.

The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.

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