Expedia Group (NASDAQ:EXPE) Price Target Raised to $235.00

Expedia Group (NASDAQ:EXPE) had its target price increased by Oppenheimer from $210.00 to $235.00 in a report published on Friday morning,Benzinga reports. They currently have an outperform rating on the online travel company’s stock.

A number of other research firms have also weighed in on EXPE. Barclays boosted their price objective on Expedia Group from $153.00 to $166.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Melius Research raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Expedia Group in a research note on Tuesday, February 4th. UBS Group raised their price target on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, DA Davidson upped their price objective on Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a report on Friday. Nineteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $187.93.

Expedia Group Trading Up 17.3 %

Shares of EXPE stock opened at $202.37 on Friday. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $205.12. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The stock’s fifty day moving average is $182.42 and its two-hundred day moving average is $160.59. The firm has a market capitalization of $25.97 billion, a P/E ratio of 22.36, a PEG ratio of 0.82 and a beta of 1.82.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 55.42%. Research analysts expect that Expedia Group will post 10.75 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 0.79%. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s payout ratio is currently 17.68%.

Insider Buying and Selling at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of the transaction, the director now directly owns 158,505 shares of the company’s stock, valued at $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the sale, the insider now directly owns 85,250 shares in the company, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,951 shares of company stock valued at $5,174,510. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently bought and sold shares of EXPE. SRH Advisors LLC purchased a new position in shares of Expedia Group during the fourth quarter worth about $28,000. Grove Bank & Trust boosted its position in shares of 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 purchasing an additional 142 shares during the period. Venturi Wealth Management LLC grew its stake in Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after buying an additional 291 shares during the last quarter. Brooklyn Investment Group acquired a new position in Expedia Group during the third quarter worth approximately $51,000. Finally, Golden State Wealth Management LLC purchased a new stake in Expedia Group in the fourth quarter valued at approximately $72,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.