Expedia Group (NASDAQ:EXPE) Price Target Raised to $200.00

Expedia Group (NASDAQ:EXPE) had its target price hoisted by Royal Bank Of Canada from $180.00 to $200.00 in a research report released on Friday,Benzinga reports. They currently have a sector perform rating on the online travel company’s stock.

Other equities analysts also recently issued research reports about the stock. Bank of America boosted their price target on shares of Expedia Group from $211.00 to $240.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company boosted their price target on shares of Expedia Group from $178.00 to $211.00 and gave the company an “equal weight” rating in a report on Friday. Truist Financial reduced their price target on shares of Expedia Group from $175.00 to $168.00 and set a “hold” rating for the company in a report on Tuesday, June 24th. Morgan Stanley boosted their price target on shares of Expedia Group from $150.00 to $165.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Finally, Wall Street Zen raised shares of Expedia Group from a “hold” rating to a “buy” rating in a report on Monday, July 28th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.44.

Expedia Group Stock Performance

Expedia Group stock opened at $195.26 on Friday. The company has a market cap of $24.82 billion, a PE ratio of 23.93, a P/E/G ratio of 0.93 and a beta of 1.61. The company has a fifty day moving average price of $176.65 and a two-hundred day moving average price of $172.67. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.73. Expedia Group has a 12 month low of $125.50 and a 12 month high of $213.00.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.13 by $0.11. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the company posted $3.51 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Research analysts expect that Expedia Group will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, August 28th. Expedia Group’s payout ratio is presently 18.87%.

Institutional Trading of Expedia Group

Several institutional investors and hedge funds have recently bought and sold shares of EXPE. Brighton Jones LLC acquired a new stake in Expedia Group during the 4th quarter worth about $408,000. Wellington Management Group LLP grew its stake in Expedia Group by 34.4% during the 4th quarter. Wellington Management Group LLP now owns 14,055 shares of the online travel company’s stock valued at $2,619,000 after acquiring an additional 3,595 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Expedia Group by 0.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 183,513 shares of the online travel company’s stock valued at $34,194,000 after acquiring an additional 977 shares in the last quarter. FMR LLC grew its stake in Expedia Group by 6.5% during the 4th quarter. FMR LLC now owns 1,303,532 shares of the online travel company’s stock valued at $242,887,000 after acquiring an additional 79,372 shares in the last quarter. Finally, Bank of Nova Scotia grew its stake in Expedia Group by 122.4% during the 4th quarter. Bank of Nova Scotia now owns 16,457 shares of the online travel company’s stock valued at $3,066,000 after acquiring an additional 9,056 shares in the last quarter. 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.