Expedia Group Inc (NASDAQ:EXPE) has been given a consensus rating of “Buy” by the thirty-one research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $147.57.
Several equities research analysts have recently weighed in on EXPE shares. SunTrust Banks reissued a “buy” rating and issued a $180.00 price objective on shares of Expedia Group in a report on Monday, February 4th. Telsey Advisory Group set a $125.00 price objective on Expedia Group and gave the company a “hold” rating in a report on Friday, May 3rd. Vertical Group started coverage on Expedia Group in a report on Thursday, January 31st. They issued a “positive” rating for the company. Bank of America reissued a “buy” rating and issued a $148.00 price objective (up from $142.00) on shares of Expedia Group in a report on Tuesday, February 5th. Finally, Credit Suisse Group increased their price objective on Expedia Group from $145.00 to $150.00 in a report on Friday, February 8th.
In other news, insider Mark D. Okerstrom sold 5,531 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $126.66, for a total value of $700,556.46. Following the completion of the transaction, the insider now owns 70,532 shares in the company, valued at $8,933,583.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 20.96% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Legal & General Group Plc increased its position in Expedia Group by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 555,006 shares of the online travel company’s stock worth $72,417,000 after purchasing an additional 11,428 shares in the last quarter. Morgan Stanley boosted its stake in Expedia Group by 8.9% in the 3rd quarter. Morgan Stanley now owns 1,065,996 shares of the online travel company’s stock worth $139,091,000 after buying an additional 86,901 shares during the last quarter. BTIM Corp. boosted its stake in Expedia Group by 30.3% in the 4th quarter. BTIM Corp. now owns 26,545 shares of the online travel company’s stock worth $2,990,000 after buying an additional 6,175 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Expedia Group by 1.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 42,118 shares of the online travel company’s stock worth $4,745,000 after buying an additional 617 shares during the last quarter. Finally, Landsberg Bennett & Dubbaneh LLC acquired a new stake in Expedia Group in the 4th quarter worth about $242,000. Institutional investors and hedge funds own 94.54% of the company’s stock.
Shares of Expedia Group stock opened at $116.71 on Monday. The company has a market capitalization of $17.29 billion, a price-to-earnings ratio of 24.26, a P/E/G ratio of 1.66 and a beta of 0.96. Expedia Group has a 52 week low of $108.11 and a 52 week high of $139.77. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.72 and a current ratio of 0.72.
Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, May 2nd. The online travel company reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.61) by $0.34. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.69 billion. Expedia Group had a return on equity of 13.41% and a net margin of 3.89%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.36) earnings per share. Analysts anticipate that Expedia Group will post 5.75 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 23rd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, May 22nd. Expedia Group’s payout ratio is 26.61%.
About Expedia Group
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.
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