Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, Truist Financial Analyst Says

Expedia Group (NASDAQ:EXPE) had its price objective raised by Truist Financial from $163.00 to $175.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a hold rating on the online travel company’s stock.

Several other equities analysts have also recently commented on EXPE. Morgan Stanley increased their target price on Expedia Group from $180.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. B. Riley reiterated a “buy” rating and set a $235.00 target price (up from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Cantor Fitzgerald reiterated a “neutral” rating and set a $210.00 target price (up from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. Citigroup increased their target price on Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Finally, JMP Securities reiterated a “market perform” rating on shares of Expedia Group in a research note on Friday, February 7th. Nineteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $193.61.

Expedia Group Stock Up 3.2 %

Shares of NASDAQ:EXPE opened at $162.11 on Wednesday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. Expedia Group has a 1 year low of $107.25 and a 1 year high of $207.73. The stock has a market capitalization of $20.89 billion, a P/E ratio of 17.91, a PEG ratio of 0.92 and a beta of 1.82. The stock has a 50-day simple moving average of $184.92 and a 200-day simple moving average of $171.46.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. Equities analysts forecast that Expedia Group will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.40 dividend. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Thursday, March 6th. Expedia Group’s payout ratio is presently 17.68%.

Insider Buying and Selling

In other news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the sale, the director now owns 158,505 shares in the company, valued at $26,912,563.95. The trade was a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $4,577,900 in the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EXPE. Minot DeBlois Advisors LLC acquired a new position in Expedia Group in the 4th quarter valued at approximately $27,000. SRH Advisors LLC acquired a new position in Expedia Group in the 4th quarter valued at approximately $28,000. Sava Infond d.o.o. acquired a new position in Expedia Group in the 4th quarter valued at approximately $28,000. Grove Bank & Trust increased its stake in Expedia Group by 676.2% in the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after buying an additional 142 shares during the period. Finally, Prudent Man Investment Management Inc. acquired a new position in Expedia Group in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.