Expedia Group (NASDAQ:EXPE - Free Report) had its price objective lowered by Truist Financial from $175.00 to $168.00 in a report published on Tuesday morning,Benzinga reports. Truist Financial currently has a hold rating on the online travel company's stock.
A number of other brokerages have also recently issued reports on EXPE. Piper Sandler cut shares of Expedia Group from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $174.00 to $135.00 in a research report on Friday, May 9th. Cantor Fitzgerald reissued a "neutral" rating and set a $170.00 price objective on shares of Expedia Group in a research report on Thursday, May 15th. Morgan Stanley decreased their target price on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group cut their price target on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Bank of America raised their price target on shares of Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of "Moderate Buy" and an average target price of $186.08.
Read Our Latest Analysis on Expedia Group
Expedia Group Trading Up 2.1%
Shares of NASDAQ EXPE traded up $3.40 during midday trading on Tuesday, reaching $169.22. The company had a trading volume of 1,750,764 shares, compared to its average volume of 1,904,370. The stock has a market cap of $21.51 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. Expedia Group has a one year low of $110.20 and a one year high of $207.73. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The firm's fifty day moving average price is $163.42 and its 200-day moving average price is $173.65.
Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The firm had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. The business's revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts anticipate that Expedia Group will post 12.28 earnings per share for the current year.
Expedia Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Expedia Group's dividend payout ratio is currently 18.87%.
Institutional Investors Weigh In On Expedia Group
A number of hedge funds have recently bought and sold shares of the business. Minot DeBlois Advisors LLC purchased a new stake in shares of Expedia Group during the 4th quarter valued at about $27,000. Sava Infond d.o.o. bought a new stake in Expedia Group during the fourth quarter worth approximately $28,000. McClarren Financial Advisors Inc. purchased a new stake in Expedia Group during the first quarter valued at approximately $28,000. Atlas Capital Advisors Inc. bought a new stake in shares of Expedia Group in the 1st quarter valued at approximately $28,000. Finally, Prudent Man Investment Management Inc. bought a new position in shares of Expedia Group during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 90.76% of the company's stock.
About Expedia Group
(
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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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