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

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have received a consensus rating of “Hold” from the thirty-one analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seventeen have given a hold recommendation, ten have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $187.19.

Several research firms recently commented on EXPE. Benchmark dropped their target price on Expedia Group from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Truist Financial decreased their target price on shares of Expedia Group from $175.00 to $168.00 and set a “hold” rating for the company in a research note on Tuesday, June 24th. The Goldman Sachs Group reduced their price objective on shares of Expedia Group from $219.00 to $183.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Cantor Fitzgerald reissued a “neutral” rating and set a $170.00 price objective on shares of Expedia Group in a research note on Thursday, May 15th. Finally, Piper Sandler cut shares of Expedia Group from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $174.00 to $135.00 in a research note on Friday, May 9th.

Hedge Funds Weigh In On Expedia Group

Institutional investors have recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC acquired a new position in Expedia Group in the 4th quarter worth $27,000. Sava Infond d.o.o. acquired a new position in Expedia Group in the 4th quarter worth $28,000. McClarren Financial Advisors Inc. acquired a new position in Expedia Group in the 1st quarter worth $28,000. Atlas Capital Advisors Inc. acquired a new position in Expedia Group in the 1st quarter worth $28,000. Finally, Prudent Man Investment Management Inc. acquired a new position in Expedia Group in the 4th quarter worth $34,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Trading Down 0.4%

Shares of Expedia Group stock opened at $178.30 on Thursday. Expedia Group has a 1-year low of $110.20 and a 1-year high of $207.73. The stock has a market cap of $22.67 billion, a P/E ratio of 21.03, a P/E/G ratio of 0.86 and a beta of 1.57. The stock’s 50 day simple moving average is $169.44 and its 200-day simple moving average is $172.59. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. Analysts predict that Expedia Group will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were issued a $0.40 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.90%. Expedia Group’s dividend payout ratio is currently 18.87%.

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.