Expedia Group, Inc. (NASDAQ:EXPE) Receives Consensus Recommendation of “Hold” from Brokerages

Expedia Group, Inc. (NASDAQ:EXPE) has received a consensus rating of “Hold” from the thirty-one ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and three have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $186.35.

A number of equities analysts have recently commented on the stock. Hsbc Global Res raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. HSBC raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 price objective on the stock in a research note on Friday, February 7th. DA Davidson raised their target price on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. The Goldman Sachs Group decreased their target price on shares of Expedia Group from $219.00 to $183.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Finally, Bank of America raised their target price on shares of Expedia Group from $205.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, May 9th.

Expedia Group Stock Up 3.8%

Shares of Expedia Group stock opened at $164.99 on Wednesday. Expedia Group has a 52-week low of $107.25 and a 52-week high of $207.73. The company has a 50 day moving average of $159.91 and a 200 day moving average of $175.78. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $20.97 billion, a P/E ratio of 18.23, a P/E/G ratio of 0.92 and a beta of 1.62.

Expedia Group (NASDAQ:EXPE) last issued 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 company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. As a group, research analysts forecast that Expedia Group will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a $0.40 dividend. 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 0.97%. Expedia Group’s dividend payout ratio is presently 18.87%.

Hedge Funds Weigh In On Expedia Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Atomi Financial Group Inc. purchased a new stake in Expedia Group during the fourth quarter valued at about $229,000. Janney Montgomery Scott LLC grew its position in Expedia Group by 6.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 37,485 shares of the online travel company’s stock valued at $6,985,000 after purchasing an additional 2,272 shares in the last quarter. Brighton Jones LLC bought a new stake in Expedia Group in the fourth quarter worth approximately $408,000. RFG Advisory LLC bought a new stake in Expedia Group in the fourth quarter worth approximately $251,000. Finally, Blue Trust Inc. grew its position in Expedia Group by 23.0% in the fourth quarter. Blue Trust Inc. now owns 1,058 shares of the online travel company’s stock worth $197,000 after acquiring an additional 198 shares in the last quarter. Institutional investors 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.