Expedia Group (NASDAQ:EXPE) Price Target Raised to $345.00 at Argus

Expedia Group (NASDAQ:EXPE) had its price target lifted by Argus from $340.00 to $345.00 in a research report sent to investors on Friday morning,MarketScreener reports. Argus currently has a buy rating on the online travel company’s stock.

A number of other brokerages have also commented on EXPE. Royal Bank Of Canada lifted their price objective on Expedia Group from $260.00 to $290.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. CICC Research upgraded Expedia Group from a “market perform” rating to an “outperform” rating and set a $271.00 price target on the stock in a research report on Monday, November 10th. Cantor Fitzgerald increased their target price on Expedia Group from $220.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. The Goldman Sachs Group increased their price target on shares of Expedia Group from $253.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Expedia Group from $225.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and twenty-four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $288.32.

Expedia Group Trading Down 3.1%

Shares of EXPE stock opened at $285.11 on Friday. The firm has a market capitalization of $34.94 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a fifty day moving average of $274.27 and a two-hundred day moving average of $229.93. Expedia Group has a 1 year low of $130.01 and a 1 year high of $303.80.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates of $7.10 by $0.47. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.28 billion. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the business earned $6.13 earnings per share. As a group, research analysts expect that Expedia Group will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, November 19th. Expedia Group’s dividend payout ratio is presently 15.31%.

Insiders Place Their Bets

In related news, Director Madhumita Moina Banerjee sold 1,000 shares of Expedia Group stock in a transaction on Monday, December 1st. The stock was sold at an average price of $258.00, for a total value of $258,000.00. Following the completion of the sale, the director owned 2,916 shares of the company’s stock, valued at $752,328. The trade was a 25.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Lance A. Soliday sold 849 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $248.08, for a total transaction of $210,619.92. Following the completion of the transaction, the chief accounting officer owned 11,662 shares in the company, valued at $2,893,108.96. This trade represents a 6.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 4,849 shares of company stock worth $1,283,270. 9.13% of the stock is owned by corporate insiders.

Institutional Trading of Expedia Group

A number of large investors have recently made changes to their positions in the business. Spire Wealth Management lifted its position in shares of Expedia Group by 114.3% during the second quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock valued at $25,000 after buying an additional 80 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in Expedia Group by 78.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. GFG Capital LLC purchased a new stake in Expedia Group in the 2nd quarter worth approximately $29,000. Lodestone Wealth Management LLC purchased a new position in Expedia Group in the fourth quarter valued at $29,000. Finally, Grey Fox Wealth Advisors LLC purchased a new position in Expedia Group during the third quarter worth approximately $30,000. 90.76% of the stock is currently owned by institutional investors.

About Expedia Group

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.