Oppenheimer Lowers Expedia Group (NASDAQ:EXPE) Price Target to $230.00

Expedia Group (NASDAQ:EXPE) had its price objective trimmed by Oppenheimer from $235.00 to $230.00 in a research report report published on Monday,Benzinga reports. They currently have an outperform rating on the online travel company’s stock.

Other analysts have also recently issued reports about the stock. Robert W. Baird began coverage on shares of Expedia Group in a research note on Wednesday, November 27th. They set an “outperform” rating and a $225.00 price objective on the stock. Baird R W raised shares of Expedia Group to a “strong-buy” rating in a research note on Wednesday, November 27th. JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a research note on Friday, February 7th. BMO Capital Markets upped their price objective on shares of Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a research note on Monday, February 10th. Finally, Morgan Stanley upped their price objective on shares of Expedia Group from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Nineteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $193.43.

Expedia Group Stock Performance

NASDAQ EXPE opened at $166.36 on Monday. The stock has a market cap of $21.44 billion, a P/E ratio of 18.38, a PEG ratio of 0.92 and a beta of 1.83. The company’s 50-day simple moving average is $184.55 and its 200 day simple moving average is $172.08. Expedia Group has a twelve month low of $107.25 and a twelve month high of $207.73. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87.

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

Expedia Group Increases Dividend

The firm also recently disclosed 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 a positive change from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 0.96%. The ex-dividend date is Thursday, March 6th. Expedia Group’s dividend payout ratio is currently 17.68%.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total value of $1,851,500.00. Following the completion of the sale, the director now owns 168,505 shares of the company’s stock, valued at approximately $31,198,700.75. This represents a 5.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the company’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 completion of the sale, the insider now directly owns 74,502 shares of the company’s stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,000 shares of company stock valued at $4,577,900. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Large investors have recently made changes to their positions in the stock. Minot DeBlois Advisors LLC bought a new stake in shares of Expedia Group during the fourth quarter worth $27,000. SRH Advisors LLC bought a new stake in shares of Expedia Group during the fourth quarter worth $28,000. Sava Infond d.o.o. bought a new stake in shares of Expedia Group during the fourth quarter worth $28,000. Grove Bank & Trust increased its position in shares of Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after acquiring an additional 142 shares in the last quarter. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of Expedia Group during the fourth quarter worth $34,000. Institutional investors own 90.76% of the company’s stock.

About Expedia Group

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.