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

Expedia Group (NASDAQ:EXPE - Free Report) had its price objective reduced by Truist Financial from $175.00 to $168.00 in a research note released on Tuesday,Benzinga reports. Truist Financial currently has a hold rating on the online travel company's stock.

Several other research firms also recently commented on EXPE. Morgan Stanley dropped their price objective on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. cut their price target on Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Piper Sandler lowered Expedia Group from a "neutral" rating to an "underweight" rating and decreased their price objective for the stock from $174.00 to $135.00 in a report on Friday, May 9th. Susquehanna dropped their price objective on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. Finally, Oppenheimer cut their target price on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. One 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 issued a strong buy rating to the stock. According to MarketBeat, Expedia Group has an average rating of "Moderate Buy" and an average price target of $186.08.

Expedia Group Stock Performance

Shares of Expedia Group stock traded up $4.01 during trading hours on Tuesday, hitting $170.81. 1,015,995 shares of the company's stock traded hands, compared to its average volume of 1,905,735. The stock has a market capitalization of $21.71 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 0.79 and a beta of 1.59. Expedia Group has a 12-month low of $110.20 and a 12-month high of $207.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. The company has a fifty day simple moving average of $164.35 and a 200-day simple moving average of $173.40.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). The company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The business's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. Equities research analysts anticipate that Expedia Group will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's payout ratio is currently 18.87%.

Hedge Funds Weigh In On Expedia Group

Large investors have recently modified their holdings of the company. Clare Market Investments LLC bought a new position in Expedia Group during the fourth quarter valued at approximately $319,000. State of Alaska Department of Revenue boosted its stake in shares of Expedia Group by 3.2% in the 1st 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 purchasing an additional 445 shares in the last quarter. Praxis Investment Management Inc. grew its holdings in shares of Expedia Group by 63.5% during the 1st quarter. Praxis Investment Management Inc. now owns 4,610 shares of the online travel company's stock valued at $775,000 after purchasing an additional 1,790 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Expedia Group by 53.4% during the 4th quarter. Jones Financial Companies Lllp now owns 4,870 shares of the online travel company's stock valued at $907,000 after purchasing an additional 1,696 shares during the last quarter. Finally, Groupama Asset Managment bought a new position in shares of Expedia Group during the 4th quarter valued at $1,308,000. 90.76% of the stock is 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.