Expedia Group (NASDAQ:EXPE) Stock Keeps Buy Rating at BTIG Research

BTIG Research restated their buy rating on shares of Expedia Group (NASDAQ:EXPE) in a research note released on Tuesday,Benzinga reports. The brokerage currently has a $400.00 price target on the online travel company’s stock.

EXPE has been the subject of several other reports. Cantor Fitzgerald increased their price target on shares of Expedia Group from $255.00 to $310.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Wells Fargo & Company upped their price objective on shares of Expedia Group from $303.00 to $307.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. The Goldman Sachs Group set a $370.00 target price on shares of Expedia Group in a research note on Thursday, August 6th. Jefferies Financial Group boosted their price target on Expedia Group from $300.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Morgan Stanley downgraded Expedia Group from an “equal weight” rating to an “underweight” rating and set a $235.00 price target on the stock. in a research note on Wednesday, September 16th. Eighteen analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $316.18.

Expedia Group Stock Performance

Expedia Group stock opened at $260.07 on Tuesday. Expedia Group has a fifty-two week low of $185.34 and a fifty-two week high of $342.00. The stock’s 50 day simple moving average is $297.71 and its two-hundred day simple moving average is $262.35. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $31.21 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.63 and a beta of 1.36.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating analysts’ consensus estimates of $5.22 by $0.54. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.17 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.24 EPS. As a group, analysts expect that Expedia Group will post 17.26 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 27th. Expedia Group’s dividend payout ratio (DPR) is presently 11.97%.

Insider Transactions at Expedia Group

In other news, Director Craig Jacobson sold 3,133 shares of Expedia Group stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total value of $1,029,253.16. Following the completion of the sale, the director directly owned 29,832 shares in the company, valued at $9,800,408.64. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Dzielak sold 1,004 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $335.00, for a total transaction of $336,340.00. Following the transaction, the insider directly owned 104,331 shares of the company’s stock, valued at $34,950,885. The trade was a 0.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,950 shares of company stock worth $3,881,995 over the last three months. 5.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. First Bancorp Inc ME bought a new position in Expedia Group in the second quarter valued at about $28,000. Elevation Wealth Partners LLC grew its stake in shares of Expedia Group by 272.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock valued at $46,000 after purchasing an additional 131 shares during the period. Cache Advisors LLC purchased a new stake in shares of Expedia Group during the 1st quarter valued at about $48,000. CENTRAL TRUST Co increased its position in shares of Expedia Group by 1,147.1% during the 1st quarter. CENTRAL TRUST Co now owns 212 shares of the online travel company’s stock valued at $49,000 after purchasing an additional 195 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of Expedia Group by 1,618.8% in the 1st quarter. Sound Income Strategies LLC now owns 275 shares of the online travel company’s stock worth $63,000 after purchasing an additional 259 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its platforms support the search, comparison and booking of lodging, air travel, car rentals, cruises, vacation packages, activities and other travel-related offerings.

The company operates a portfolio of consumer brands that includes Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these brands, Expedia Group serves individual travelers, property owners, travel suppliers and business partners across markets in North America, Europe, Asia-Pacific and other international regions.

Expedia Group traces its origins to Expedia, which was established within Microsoft in 1996 and became an independent public company in 1999.