Expedia Group Inc (NASDAQ:EXPE) shares gapped up before the market opened on Tuesday after Oppenheimer raised their price target on the stock from to . The stock had previously closed at $121.55, but opened at $122.80. Expedia Group shares last traded at $121.70, with a volume of 200,090 shares changing hands.
A number of other research firms have also issued reports on EXPE. DA Davidson lowered Expedia Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $162.00 to $130.00 in a report on Thursday, November 7th. BidaskClub cut Expedia Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 29th. SunTrust Banks reaffirmed a “buy” rating and set a $168.00 price target on shares of Expedia Group in a report on Thursday, February 13th. Wells Fargo & Co lowered shares of Expedia Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, Credit Suisse Group boosted their price objective on shares of Expedia Group from $159.00 to $161.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating and ten have assigned a buy rating to the company. Expedia Group has a consensus rating of “Hold” and an average price target of $139.00.
In other news, Director Samuel H. Altman acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average cost of $98.83 per share, with a total value of $1,976,600.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jon T. Gieselman acquired 2,393 shares of Expedia Group stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average cost of $105.68 per share, with a total value of $252,892.24. Insiders purchased 45,463 shares of company stock valued at $4,739,508 in the last quarter. Company insiders own 2.10% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Intact Investment Management Inc. raised its holdings in shares of Expedia Group by 100.0% in the fourth quarter. Intact Investment Management Inc. now owns 3,200 shares of the online travel company’s stock worth $346,000 after acquiring an additional 1,600 shares during the last quarter. Psagot Investment House Ltd. purchased a new stake in shares of Expedia Group in the fourth quarter valued at $5,438,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Expedia Group by 117.2% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,487 shares of the online travel company’s stock valued at $790,000 after acquiring an additional 4,040 shares during the last quarter. Melvin Capital Management LP acquired a new stake in shares of Expedia Group during the fourth quarter valued at $162,210,000. Finally, Kovitz Investment Group Partners LLC increased its position in Expedia Group by 19.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 494,415 shares of the online travel company’s stock worth $53,466,000 after purchasing an additional 78,896 shares in the last quarter. Institutional investors own 87.51% of the company’s stock.
The firm’s 50 day moving average is $111.14 and its two-hundred day moving average is $119.76. The stock has a market cap of $17.79 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 1.70 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.75 and a debt-to-equity ratio of 0.85.
Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 13th. The online travel company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.37. Expedia Group had a net margin of 4.68% and a return on equity of 13.15%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.76 billion. As a group, equities analysts expect that Expedia Group Inc will post 5.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Monday, March 9th. Expedia Group’s dividend payout ratio is presently 27.70%.
About Expedia Group (NASDAQ:EXPE)
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
