Expedia Group (NASDAQ:EXPE) had its target price trimmed by Jefferies Financial Group from $170.00 to $145.00 in a research report sent to investors on Thursday morning, The Fly reports. The firm currently has an average rating on the online travel company’s stock.
Several other research firms have also recently commented on EXPE. Stifel Nicolaus reiterated a hold rating and set a $135.00 target price on shares of Expedia Group in a research note on Friday, July 26th. SunTrust Banks set a $188.00 target price on shares of Expedia Group and gave the company a buy rating in a research note on Friday, September 13th. Cowen upped their target price on shares of Expedia Group from $155.00 to $165.00 and gave the company an outperform rating in a research note on Friday, July 26th. Morgan Stanley upped their target price on shares of Expedia Group from $135.00 to $140.00 and gave the company an equal weight rating in a research note on Wednesday, July 31st. Finally, ValuEngine cut shares of Expedia Group from a buy rating to a hold rating in a research note on Thursday, August 1st. Twenty analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $142.35.
NASDAQ:EXPE traded down $2.25 during trading hours on Thursday, hitting $99.07. 5,832,139 shares of the company traded hands, compared to its average volume of 1,751,787. The stock has a market capitalization of $20.20 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 1.68 and a beta of 1.09. Expedia Group has a twelve month low of $97.05 and a twelve month high of $144.00. The firm has a 50-day moving average of $132.67 and a 200 day moving average of $129.13. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.71.
Expedia Group (NASDAQ:EXPE) last released its earnings results on Wednesday, November 6th. The online travel company reported $3.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.18). The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.57 billion. Expedia Group had a net margin of 5.36% and a return on equity of 14.20%. Expedia Group’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.65 earnings per share. Equities research analysts predict that Expedia Group will post 5.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 19th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Monday, November 18th. Expedia Group’s dividend payout ratio (DPR) is currently 28.27%.
In related news, insider Robert J. Dzielak sold 9,222 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $135.19, for a total transaction of $1,246,722.18. Following the completion of the sale, the insider now owns 36,029 shares in the company, valued at approximately $4,870,760.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lance A. Soliday sold 2,724 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $127.93, for a total transaction of $348,481.32. Following the sale, the insider now owns 8,009 shares of the company’s stock, valued at approximately $1,024,591.37. The disclosure for this sale can be found here. Insiders have sold a total of 111,946 shares of company stock valued at $14,878,704 in the last quarter. 2.10% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Lenox Wealth Advisors LLC increased its position in shares of Expedia Group by 113.3% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 192 shares of the online travel company’s stock worth $26,000 after purchasing an additional 102 shares in the last quarter. WealthStone Inc. acquired a new stake in shares of Expedia Group during the 2nd quarter worth about $27,000. FNY Investment Advisers LLC acquired a new stake in shares of Expedia Group during the 2nd quarter worth about $28,000. Signaturefd LLC grew its holdings in Expedia Group by 75.8% during the 3rd quarter. Signaturefd LLC now owns 276 shares of the online travel company’s stock worth $37,000 after acquiring an additional 119 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in Expedia Group during the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 81.09% of the company’s stock.
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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