Expedia Group (NASDAQ:EXPE) Price Target Cut to $320.00 by Analysts at Citic Securities

Expedia Group (NASDAQ:EXPE) had its target price cut by Citic Securities from $337.00 to $320.00 in a report issued on Friday morning,MarketScreener reports. They currently have a buy rating on the online travel company’s stock.

EXPE has been the subject of a number of other reports. Argus reduced their price target on shares of Expedia Group from $345.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft set a $244.00 target price on Expedia Group in a research note on Friday, February 13th. Wells Fargo & Company dropped their price target on Expedia Group from $310.00 to $307.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Morgan Stanley lifted their price target on Expedia Group from $270.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Finally, Mizuho dropped their price target on Expedia Group from $270.00 to $245.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $285.15.

Expedia Group Stock Up 0.3%

EXPE opened at $217.73 on Friday. The company has a fifty day moving average price of $238.81 and a 200-day moving average price of $249.39. The firm has a market capitalization of $26.68 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 0.68 and a beta of 1.30. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group has a one year low of $156.05 and a one year high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 EPS. Equities research analysts expect that Expedia Group will post 16.64 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.9%. Expedia Group’s payout ratio is 16.90%.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the completion of the sale, the insider directly owned 102,480 shares in the company, valued at $22,629,633.60. This represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 9.81% of the stock is currently owned by insiders.

Institutional Trading of Expedia Group

Several institutional investors have recently added to or reduced their stakes in EXPE. Norges Bank purchased a new stake in Expedia Group during the fourth quarter valued at about $861,979,000. Wellington Management Group LLP boosted its position in Expedia Group by 24,899.5% during the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after buying an additional 1,801,232 shares during the period. AQR Capital Management LLC boosted its position in Expedia Group by 25.0% during the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock valued at $779,275,000 after buying an additional 728,063 shares during the period. First Trust Advisors LP boosted its position in Expedia Group by 104.1% during the first quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after buying an additional 607,698 shares during the period. Finally, Deutsche Bank AG boosted its position in Expedia Group by 55.0% during the fourth quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock valued at $364,363,000 after buying an additional 456,176 shares during the period. 90.76% of the stock is currently owned by hedge funds and other 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.