Expedia Group, Inc. (NASDAQ:EXPE) Stock Has Average Target Price of $315.24 According to Analysts

Expedia Group, Inc. (NASDAQ:EXPE) has been assigned an average rating of “Hold” from the forty analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $315.24.

Several equities research analysts have recently commented on EXPE shares. UBS Group boosted their price target on Expedia Group from $322.00 to $351.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 12th. Benchmark upped their price target on Expedia Group from $290.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Piper Sandler reaffirmed a “neutral” rating and issued a $325.00 price objective (up from $245.00) on shares of Expedia Group in a research note on Thursday, August 6th. B. Riley Financial lifted their price objective on Expedia Group from $350.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Jefferies Financial Group lifted their price objective on Expedia Group from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th.

Insider Activity

In other news, Director Craig Jacobson sold 3,133 shares of Expedia Group stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the transaction, the director owned 29,832 shares of the company’s stock, valued at $9,800,408.64. The trade was a 9.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Lance Soliday sold 2,810 shares of Expedia Group stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value of $909,456.50. Following the transaction, the chief accounting officer directly owned 12,006 shares of the company’s stock, valued at $3,885,741.90. This trade represents a 18.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,950 shares of company stock worth $3,881,995 over the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

Hedge funds have recently added to or reduced their stakes in the business. Tilia Fiduciary Partners Inc. raised its position in Expedia Group by 4.4% during the third quarter. Tilia Fiduciary Partners Inc. now owns 9,372 shares of the online travel company’s stock worth $2,468,000 after acquiring an additional 395 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Expedia Group by 49.4% in the third quarter. Sound Income Strategies LLC now owns 1,382 shares of the online travel company’s stock valued at $373,000 after purchasing an additional 457 shares in the last quarter. Riversedge Advisors LLC grew its position in shares of Expedia Group by 29.6% in the third quarter. Riversedge Advisors LLC now owns 3,025 shares of the online travel company’s stock valued at $797,000 after purchasing an additional 691 shares during the last quarter. Wedmont Private Capital grew its position in shares of Expedia Group by 24.8% in the third quarter. Wedmont Private Capital now owns 1,914 shares of the online travel company’s stock valued at $517,000 after purchasing an additional 380 shares during the last quarter. Finally, Cadent Capital Advisors LLC acquired a new stake in shares of Expedia Group in the third quarter valued at approximately $200,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Stock Down 2.1%

EXPE stock opened at $268.47 on Friday. The company has a market cap of $32.22 billion, a P/E ratio of 16.74, a P/E/G ratio of 0.67 and a beta of 1.36. Expedia Group has a 52 week low of $185.34 and a 52 week high of $342.00. The company’s 50-day moving average price is $295.34 and its 200 day moving average price is $263.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21.

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

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th were issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $1.92 annualized dividend and a yield of 0.7%. Expedia Group’s dividend payout ratio is 11.97%.

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.