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Expedia Group (NASDAQ:EXPE) Sets New 52-Week High on Strong Earnings

Expedia Group logo with Retail/Wholesale background

Key Points

  • Expedia Group achieved a new 52-week high of $216.11 following stronger-than-expected quarterly earnings, reporting an EPS of $4.24, exceeding estimates by $0.11.
  • The company declared a quarterly dividend of $0.40 per share, indicating a 0.8% yield and an annualized payout of $1.60.
  • Analysts maintain a consensus rating of "Moderate Buy" on Expedia Group, with a mix of price target adjustments from several financial institutions indicating ongoing optimism about its stock performance.
  • Looking to Export and Analyze Expedia Group Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report)'s share price reached a new 52-week high during trading on Friday after the company announced better than expected quarterly earnings. The company traded as high as $216.11 and last traded at $207.42, with a volume of 83895 shares. The stock had previously closed at $187.61.

The online travel company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.13 by $0.11. The company had revenue of $3.79 billion for the quarter, compared to analysts' expectations of $3.70 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.51 EPS.

Expedia Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, August 28th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Expedia Group's payout ratio is 18.87%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EXPE. Oppenheimer cut their price objective on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group dropped their price objective on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a report on Friday, May 9th. B. Riley boosted their target price on shares of Expedia Group from $222.00 to $260.00 and gave the stock a "buy" rating in a research report on Friday. Barclays lifted their price target on shares of Expedia Group from $190.00 to $197.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, Morgan Stanley raised their target price on Expedia Group from $150.00 to $165.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Expedia Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $193.85.

Read Our Latest Stock Analysis on Expedia Group

Institutional Trading of Expedia Group

A number of institutional investors have recently added to or reduced their stakes in the business. Hunter Associates Investment Management LLC grew its position in Expedia Group by 10.2% during the first quarter. Hunter Associates Investment Management LLC now owns 29,950 shares of the online travel company's stock worth $5,051,000 after buying an additional 2,776 shares in the last quarter. Praxis Investment Management Inc. increased its stake in Expedia Group by 63.5% in the first quarter. Praxis Investment Management Inc. now owns 4,610 shares of the online travel company's stock valued at $775,000 after acquiring an additional 1,790 shares during the period. Monument Capital Management acquired a new stake in Expedia Group in the 1st quarter valued at $2,261,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Expedia Group by 19.0% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,838 shares of the online travel company's stock worth $2,662,000 after acquiring an additional 2,534 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Expedia Group by 3.2% during the first quarter. State of Alaska Department of Revenue now owns 14,451 shares of the online travel company's stock valued at $2,429,000 after acquiring an additional 445 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Up 5.0%

The firm has a fifty day moving average price of $176.06 and a 200 day moving average price of $172.61. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $25.04 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 0.88 and a beta of 1.61.

About Expedia Group

(Get Free Report)

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.

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