Expedia Group, Inc. (NASDAQ:EXPE) Announces Dividend Increase – $0.40 Per Share

Expedia Group, Inc. (NASDAQ:EXPE) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Thursday, March 6th will be paid a dividend of 0.40 per share by the online travel company on Thursday, March 27th. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. This is an increase from Expedia Group’s previous quarterly dividend of $0.34.

Expedia Group Price Performance

EXPE stock opened at $172.57 on Friday. The firm has a 50 day moving average of $182.31 and a 200-day moving average of $159.83. The firm has a market capitalization of $22.15 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 0.77 and a beta of 1.82. Expedia Group has a 12 month low of $107.25 and a 12 month high of $192.34. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 7.97% and a return on equity of 49.25%. As a group, sell-side analysts predict that Expedia Group will post 8.76 earnings per share for the current fiscal year.

Insider Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the sale, the insider now owns 85,250 shares in the company, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the completion of the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,951 shares of company stock worth $5,174,510 over the last ninety days. 6.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Melius raised Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price target on the stock in a report on Monday, January 6th. Barclays raised their target price on shares of Expedia Group from $153.00 to $166.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Jefferies Financial Group boosted their price target on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. DA Davidson raised their price objective on shares of Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Finally, Robert W. Baird began coverage on shares of Expedia Group in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $225.00 target price for the company. Twenty investment analysts have rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $177.75.

Expedia Group Company Profile

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.