Expedia Group (NASDAQ:EXPE) Trading Up 16.5% – What’s Next?

by · The Cerbat Gem

Expedia Group, Inc. (NASDAQ:EXPE – Get Free Report) shares traded up 16.5% during mid-day trading on Wednesday . The company traded as high as $153.24 and last traded at $159.12. 1,537,348 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 1,978,451 shares. The stock had previously closed at $136.63.

Analyst Upgrades and Downgrades

Several analysts recently commented on EXPE shares. BMO Capital Markets lifted their target price on shares of Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. JMP Securities restated a “market perform” rating on shares of Expedia Group in a report on Friday, February 7th. Susquehanna increased their target price on Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. The Goldman Sachs Group boosted their price target on Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Benchmark reiterated a “buy” rating and set a $200.00 price objective on shares of Expedia Group in a research report on Tuesday, February 4th. Nineteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $191.43.

Check Out Our Latest Research Report on Expedia Group

Expedia Group Trading Up 0.7 %

The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $19.40 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. The firm’s fifty day moving average is $177.47 and its 200-day moving average is $175.02.

Expedia Group (NASDAQ:EXPE – Get Free Report) 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 analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. Equities analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a $0.40 dividend. The ex-dividend date was Thursday, March 6th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 1.06%. Expedia Group’s payout ratio is 17.68%.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the transaction, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. The trade was a 6.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the completion of the sale, the director now owns 158,505 shares of the company’s stock, valued at $26,912,563.95. The trade was a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its holdings in shares of Expedia Group by 17.8% during the fourth quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company’s stock valued at $5,729,000 after acquiring an additional 4,656 shares in the last quarter. Teamwork Financial Advisors LLC acquired a new stake in Expedia Group in the 4th quarter valued at $1,791,000. Clare Market Investments LLC bought a new stake in Expedia Group during the 4th quarter valued at $319,000. Nisa Investment Advisors LLC raised its holdings in Expedia Group by 17.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company’s stock worth $11,180,000 after buying an additional 9,086 shares during the last quarter. Finally, Cigna Investments Inc. New bought a new position in shares of Expedia Group in the fourth quarter valued at $238,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Company Profile

(Get Free Report)

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.

Featured Stories