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

Key Points

• Analyst sentiment is neutral: Expedia Group has a consensus “Hold” rating from 39 analysts, including 22 holds and 17 buys. The average 12-month price target is $314.27.
• Quarterly results exceeded expectations: Expedia reported $5.76 in EPS and $4.32 billion in revenue, surpassing estimates of $5.22 and $4.17 billion, respectively. Revenue increased 14% year over year.
• Shares and ownership activity: The stock opened at $324.17, near its 52-week high of $335.00, while insiders sold 16,588 shares worth approximately $4.85 million over the past 90 days. Institutional investors own 90.76% of the company.

Shares of Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report) have earned an average recommendation of "Hold" from the thirty-nine analysts that are currently covering the company, Marketbeat Ratings reports. Twenty-two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $314.2727.

Several analysts have weighed in on EXPE shares. Evercore reaffirmed an "outperform" rating on shares of Expedia Group in a report on Thursday, August 6th. Bank of America restated a "buy" rating on shares of Expedia Group in a research report on Thursday, August 6th. Cantor Fitzgerald raised their target price on shares of Expedia Group from $255.00 to $310.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Jefferies Financial Group lifted their target price 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, Dbs Bank raised shares of Expedia Group from a "hold" rating to a "moderate buy" rating in a research note on Monday, May 11th.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 2,000 shares of the stock in a transaction on Monday, August 17th. The stock was 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 of the company's stock, valued at $34,813,217.50. This represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Soliday sold 2,810 shares of the firm's stock in a transaction dated 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 owned 12,006 shares in the company, valued at $3,885,741.90. The trade was a 18.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 16,588 shares of company stock valued at $4,849,769. Insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On Expedia Group

Institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC boosted its holdings in shares of Expedia Group by 17.8% during the fourth quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company's stock worth $17,344,000 after purchasing an additional 9,256 shares during the period. Plato Investment Management Ltd bought a new position in Expedia Group during the 2nd quarter valued at approximately $2,562,000. Lombard Odier Asset Management Switzerland SA purchased a new stake in Expedia Group in the 1st quarter worth approximately $910,000. Lmcg Investments LLC grew its position in shares of Expedia Group by 276.0% in the 4th quarter. Lmcg Investments LLC now owns 9,655 shares of the online travel company's stock worth $2,735,000 after buying an additional 7,087 shares during the last quarter. Finally, North Dakota State Investment Board purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $3,027,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Trading Down 0.6%

Expedia Group stock opened at $324.17 on Friday. The stock has a market cap of $38.91 billion, a P/E ratio of 20.21, a PEG ratio of 0.80 and a beta of 1.22. Expedia Group has a fifty-two week low of $185.34 and a fifty-two week high of $335.00. The firm's fifty day moving average price is $278.34 and its 200-day moving average price is $247.56. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (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 company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter last year, the business posted $4.24 earnings per share. The firm's revenue was up 14.0% compared to the same quarter last year. Equities research analysts forecast that Expedia Group will post 17.15 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business 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 dividend of $0.48 per share. The ex-dividend date is Thursday, August 27th. This represents a $1.92 annualized dividend and a dividend yield of 0.6%. Expedia Group's dividend payout ratio (DPR) is 11.97%.

About Expedia Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source