Expedia Group (NASDAQ:EXPE) Stock Price Down 4.3% - What's Next?

Key Points

• Expedia shares fell 4.3% to approximately $268.84, on trading volume 88% below the average session volume.
• Analyst sentiment remains mixed: 18 analysts rate the stock a Buy, 21 rate it Hold and one rates it Sell, producing an overall Hold rating and an average price target of $316.79.
• Expedia exceeded quarterly expectations with $5.76 in EPS and $4.32 billion in revenue, while paying a quarterly dividend of $0.48 per share; insiders sold nearly 12,000 shares during the latest quarter.

Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report)'s stock price was down 4.3% on Tuesday . The company traded as low as $275.67 and last traded at $268.8350. 239,360 shares changed hands during trading, a decline of 88% from the average session volume of 2,002,761 shares. The stock had previously closed at $281.02.

Analyst Ratings Changes

EXPE has been the subject of a number of analyst reports. Argus increased their target price on shares of Expedia Group from $270.00 to $315.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. Weiss Ratings upgraded Expedia Group from a "hold (c)" rating to a "buy (b-)" rating in a report on Friday, August 21st. B. Riley Financial lifted their price objective on Expedia Group from $350.00 to $390.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. BTIG Research upped their target price on Expedia Group from $350.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, August 25th. Finally, Susquehanna lifted their price objective on Expedia Group from $250.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Eighteen research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $316.79.

Expedia Group Price Performance

The firm has a fifty day moving average price of $298.67 and a two-hundred day moving average price of $260.15. 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 stock has a market capitalization of $31.94 billion, a P/E ratio of 16.57, a P/E/G ratio of 0.68 and a beta of 1.25.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating the consensus estimate of $5.22 by $0.54. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. Expedia Group's revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted $4.24 EPS. On average, analysts expect that Expedia Group, Inc. will post 17.14 EPS for the current year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, August 27th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, August 27th. Expedia Group's payout ratio is presently 11.97%.

Insiders Place Their Bets

In other Expedia Group news, 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 transaction of $909,456.50. Following the transaction, the chief accounting officer owned 12,006 shares of the company's stock, valued at $3,885,741.90. The trade was a 18.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Dzielak sold 1,004 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $335.00, for a total transaction of $336,340.00. Following the completion of the sale, the insider directly owned 104,331 shares in the company, valued at $34,950,885. This trade represents a 0.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 11,950 shares of company stock valued at $3,881,995. Company insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On Expedia Group

A number of large investors have recently added to or reduced their stakes in EXPE. Tidal Investments LLC raised its stake in shares of Expedia Group by 47.4% during the 2nd quarter. Tidal Investments LLC now owns 32,146 shares of the online travel company's stock worth $8,226,000 after acquiring an additional 10,331 shares in the last quarter. Archford Capital Strategies LLC acquired a new position in shares of Expedia Group during the second quarter worth $255,000. National Pension Service lifted its holdings in shares of Expedia Group by 13.1% during the 2nd quarter. National Pension Service now owns 347,467 shares of the online travel company's stock valued at $88,910,000 after purchasing an additional 40,328 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of Expedia Group by 456.7% in the 2nd quarter. WINTON GROUP Ltd now owns 21,527 shares of the online travel company's stock valued at $5,508,000 after purchasing an additional 17,660 shares during the last quarter. Finally, Capital Analysts LLC lifted its holdings in Expedia Group by 550.0% in the second quarter. Capital Analysts LLC now owns 845 shares of the online travel company's stock valued at $216,000 after acquiring an additional 715 shares during the period. 90.76% of the stock is currently owned by institutional investors.

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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