Expedia Group (NASDAQ:EXPE) Sets New 12-Month High - Here's Why

Key Points

• Expedia Group shares reached a new 52-week high, trading as high as $335.06 and closing well above the prior session’s $321.63. The company’s market capitalization is approximately $40.05 billion.
• Expedia exceeded quarterly expectations, reporting $5.76 in adjusted EPS versus $5.22 expected and revenue of $4.32 billion versus $4.17 billion forecast; revenue increased 14% year over year.
• Despite the earnings beat, analyst sentiment remains cautious, with a consensus “Hold” rating and average price target of $315.94. Expedia also declared a $0.48 quarterly dividend, while insiders have sold shares totaling nearly $4.85 million over the past 90 days.

Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $335.06 and last traded at $334.0680, with a volume of 175018 shares trading hands. The stock had previously closed at $321.63.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EXPE. Deutsche Bank Aktiengesellschaft cut their price objective on Expedia Group from $244.00 to $230.00 and set a "hold" rating on the stock in a report on Monday, May 18th. Citigroup reissued a "neutral" rating on shares of Expedia Group in a research note on Wednesday, August 12th. TD Cowen raised their price objective on shares of Expedia Group from $285.00 to $320.00 and gave the company a "hold" rating in a report on Friday, August 7th. Citic Securities lowered 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. Finally, Morgan Stanley lifted their price objective on Expedia Group from $290.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 30th. Eighteen analysts have rated the stock with a Buy rating and twenty-one have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Expedia Group has a consensus rating of "Hold" and a consensus target price of $315.94.

Expedia Group Price Performance

The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. The business has a 50-day moving average price of $280.28 and a two-hundred day moving average price of $247.88. The company has a market capitalization of $40.05 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 0.79 and a beta of 1.22.

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, beating analysts' consensus estimates of $5.22 by $0.54. The firm had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The business's revenue was up 14.0% on a year-over-year basis. During the same period last year, the company earned $4.24 earnings per share. As a group, research analysts anticipate that Expedia Group, Inc. will post 17.15 EPS for the current year.

Expedia Group Dividend Announcement

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

Insider Activity at Expedia Group

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 of the company's stock, valued at approximately $24,569,384. This represents a 4.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Craig A. Jacobson sold 3,133 shares of the firm's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total value of $1,029,253.16. Following the transaction, the director owned 29,832 shares in the company, valued at approximately $9,800,408.64. This trade represents a 9.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,588 shares of company stock valued at $4,849,769 over the last 90 days. Insiders own 5.20% of the company's stock.

Institutional Trading of Expedia Group

Several institutional investors and hedge funds have recently made changes to their positions in EXPE. Motiv8 Investments LLC bought a new stake in Expedia Group in the 4th quarter worth about $25,000. Entrust Financial LLC purchased a new position in shares of Expedia Group in the 4th quarter worth approximately $26,000. First Bancorp Inc ME bought a new position in shares of Expedia Group in the second quarter valued at approximately $28,000. DV Equities LLC purchased a new stake in shares of Expedia Group during the fourth quarter valued at approximately $46,000. Finally, Elevation Wealth Partners LLC lifted its holdings in Expedia Group by 272.9% during the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock worth $46,000 after acquiring an additional 131 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

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