Expedia Group (NASDAQ:EXPE) Cut to Buy at Wall Street Zen
by Danessa Lincoln · The Markets DailyWall Street Zen lowered shares of Expedia Group (NASDAQ:EXPE – Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.
A number of other equities research analysts have also recently issued reports on EXPE. Deutsche Bank Aktiengesellschaft boosted their price objective on Expedia Group from $185.00 to $235.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Wells Fargo & Company boosted their target price on shares of Expedia Group from $212.00 to $272.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. BNP Paribas assumed coverage on shares of Expedia Group in a research report on Monday, November 24th. They set a “hold” rating for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Expedia Group in a research report on Monday, December 8th. Finally, Citigroup boosted their target price on Expedia Group from $206.00 to $281.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Expedia Group has an average rating of “Hold” and an average price target of $265.78.
Check Out Our Latest Analysis on Expedia Group
Expedia Group Stock Performance
EXPE opened at $283.45 on Friday. The business’s 50-day simple moving average is $240.85 and its 200 day simple moving average is $210.36. Expedia Group has a 52-week low of $130.01 and a 52-week high of $287.48. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $34.73 billion, a PE ratio of 27.12, a PEG ratio of 1.24 and a beta of 1.44.
Expedia Group (NASDAQ:EXPE – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $7.10 by $0.47. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.28 billion. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.13 EPS. As a group, sell-side analysts expect that Expedia Group will post 12.28 earnings per share for the current fiscal year.
Expedia Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were issued a $0.40 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $1.60 annualized dividend and a dividend yield of 0.6%. Expedia Group’s dividend payout ratio is currently 15.31%.
Insider Activity at Expedia Group
In other news, CAO Lance A. Soliday sold 849 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $248.08, for a total value of $210,619.92. Following the completion of the transaction, the chief accounting officer directly owned 11,662 shares of the company’s stock, valued at $2,893,108.96. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $258.00, for a total value of $258,000.00. Following the completion of the transaction, the director directly owned 2,916 shares in the company, valued at approximately $752,328. This represents a 25.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,849 shares of company stock valued at $1,283,270 over the last ninety days. Corporate insiders own 9.13% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of EXPE. Orion Porfolio Solutions LLC boosted its stake in Expedia Group by 0.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 9,814 shares of the online travel company’s stock worth $2,098,000 after purchasing an additional 38 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Expedia Group by 0.9% during the third quarter. Quadrant Capital Group LLC now owns 5,658 shares of the online travel company’s stock worth $1,209,000 after purchasing an additional 48 shares during the period. Bessemer Group Inc. boosted its holdings in Expedia Group by 0.8% in the third quarter. Bessemer Group Inc. now owns 6,201 shares of the online travel company’s stock valued at $1,325,000 after acquiring an additional 52 shares in the last quarter. First Horizon Advisors Inc. increased its position in Expedia Group by 4.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,346 shares of the online travel company’s stock valued at $227,000 after purchasing an additional 55 shares during the period. Finally, Blue Trust Inc. raised its holdings in Expedia Group by 8.0% in the 3rd quarter. Blue Trust Inc. now owns 745 shares of the online travel company’s stock worth $159,000 after purchasing an additional 55 shares in the last quarter. 90.76% of the stock is owned by institutional investors.
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.
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