Expedia Group (NASDAQ:EXPE) Price Target Raised to $205.00

Expedia Group (NASDAQ:EXPE) had its target price upped by DA Davidson from $190.00 to $205.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the online travel company’s stock.

A number of other equities analysts have also recently issued reports on the company. BTIG Research increased their target price on Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Baird R W upgraded Expedia Group to a “strong-buy” rating in a report on Wednesday, November 27th. JMP Securities restated a “market perform” rating on shares of Expedia Group in a research note on Monday, December 16th. JPMorgan Chase & Co. raised their price target on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group boosted their price objective on shares of Expedia Group from $208.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Nineteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $187.93.

Expedia Group Trading Up 17.3 %

NASDAQ:EXPE opened at $202.37 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The business’s 50-day simple moving average is $182.42 and its 200-day simple moving average is $160.59. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $205.12. The stock has a market capitalization of $25.97 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82.

Expedia Group (NASDAQ:EXPE) last announced its quarterly 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 55.42%. Sell-side analysts expect that Expedia Group will post 10.75 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 0.79%. Expedia Group’s dividend payout ratio (DPR) is 17.68%.

Insider Activity

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total value of $1,851,500.00. Following the transaction, the director now directly owns 168,505 shares of the company’s stock, valued at $31,198,700.75. This represents a 5.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total value of $1,273,930.00. Following the transaction, the chief accounting officer now owns 11,187 shares in the company, valued at $2,035,922.13. The trade was a 38.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,951 shares of company stock valued at $5,174,510. 6.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EXPE. Windacre Partnership LLC raised its position in shares of Expedia Group by 49.5% in the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after buying an additional 1,431,500 shares in the last quarter. Pacer Advisors Inc. increased its stake in Expedia Group by 22.5% during the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock worth $481,170,000 after acquiring an additional 596,510 shares during the period. Alkeon Capital Management LLC raised its holdings in Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after acquiring an additional 498,934 shares in the last quarter. KBC Group NV lifted its position in shares of Expedia Group by 326.9% during the 4th quarter. KBC Group NV now owns 293,482 shares of the online travel company’s stock valued at $54,685,000 after acquiring an additional 224,732 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of Expedia Group by 9.4% during the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after purchasing an additional 144,579 shares in the last quarter. 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.