Susquehanna Issues Pessimistic Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE - Free Report) had its price target cut by Susquehanna from $205.00 to $175.00 in a report issued on Monday,Benzinga reports. They currently have a neutral rating on the online travel company's stock.

Several other brokerages also recently weighed in on EXPE. JMP Securities reaffirmed a "market perform" rating on shares of Expedia Group in a research note on Friday, February 7th. Wells Fargo & Company upped their target price on Expedia Group from $143.00 to $149.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Benchmark reduced their target price on Expedia Group from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Cantor Fitzgerald reissued a "neutral" rating and issued a $210.00 price objective (up from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. Finally, Citigroup increased their price objective on Expedia Group from $200.00 to $217.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $186.35.

Expedia Group Price Performance

Shares of EXPE stock traded up $0.45 during trading hours on Monday, hitting $166.66. 1,758,482 shares of the company's stock were exchanged, compared to its average volume of 1,930,761. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The firm has a market cap of $21.48 billion, a P/E ratio of 18.42, a P/E/G ratio of 0.92 and a beta of 1.62. The firm has a 50 day moving average of $160.47 and a two-hundred day moving average of $175.93. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. Sell-side analysts forecast that Expedia Group will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is 18.87%.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the transaction, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This trade represents a 6.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Expedia Group by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company's stock valued at $2,555,424,000 after acquiring an additional 394,147 shares during the period. Norges Bank purchased a new position in Expedia Group during the 4th quarter valued at about $670,565,000. Geode Capital Management LLC boosted its holdings in Expedia Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock valued at $600,750,000 after acquiring an additional 30,163 shares during the period. Alkeon Capital Management LLC boosted its holdings in Expedia Group by 20.2% during the 1st quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company's stock valued at $399,284,000 after acquiring an additional 398,804 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Expedia Group by 6.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock valued at $439,808,000 after purchasing an additional 150,480 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

About Expedia Group

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.