Analysts Set Expedia Group, Inc. (NASDAQ:EXPE) Price Target at $186.35

Expedia Group, Inc. (NASDAQ:EXPE) has earned a consensus recommendation of “Hold” from the thirty-one brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seventeen have given a hold recommendation, ten have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $186.35.

A number of research firms have recently issued reports on EXPE. B. Riley reiterated a “buy” rating and set a $235.00 price objective (up from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. The Goldman Sachs Group dropped their target price on Expedia Group from $219.00 to $183.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Citigroup lifted their price target on Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Truist Financial boosted their price target on Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, March 12th. Finally, Bank of America raised their price objective on Expedia Group from $205.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, May 9th.

Expedia Group Price Performance

Shares of EXPE stock opened at $165.83 on Wednesday. Expedia Group has a twelve month low of $109.26 and a twelve month high of $207.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The stock has a fifty day simple moving average of $159.32 and a two-hundred day simple moving average of $175.48. The stock has a market capitalization of $21.08 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 0.92 and a beta of 1.62.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. On average, analysts predict that Expedia Group will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. Expedia Group’s dividend payout ratio is currently 18.87%.

Institutional Trading of Expedia Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its holdings in shares of Expedia Group by 17.8% in the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company’s stock valued at $5,729,000 after buying an additional 4,656 shares during the period. Clare Market Investments LLC purchased a new position in Expedia Group during the fourth quarter valued at approximately $319,000. Cigna Investments Inc. New purchased a new position in Expedia Group during the fourth quarter valued at approximately $238,000. Jones Financial Companies Lllp raised its position in Expedia Group by 53.4% during the fourth quarter. Jones Financial Companies Lllp now owns 4,870 shares of the online travel company’s stock valued at $907,000 after acquiring an additional 1,696 shares in the last quarter. Finally, Groupama Asset Managment purchased a new position in Expedia Group during the fourth quarter valued at approximately $1,308,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.