Expedia Group (NASDAQ:EXPE) Given New $340.00 Price Target at Argus

Expedia Group (NASDAQ:EXPE) had its target price lifted by Argus from $300.00 to $340.00 in a research report sent to investors on Monday,MarketScreener reports. Argus currently has a buy rating on the online travel company’s stock.

EXPE has been the topic of a number of other reports. B. Riley increased their price target on Expedia Group from $260.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft increased their target price on Expedia Group from $185.00 to $235.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Oppenheimer raised their target price on Expedia Group from $250.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. BTIG Research lifted their price target on Expedia Group from $250.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Wells Fargo & Company increased their price objective on shares of Expedia Group from $212.00 to $272.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and twenty-four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $271.91.

Expedia Group Price Performance

NASDAQ:EXPE opened at $286.82 on Monday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.74 and a current ratio of 0.74. The company has a 50-day moving average of $255.01 and a 200-day moving average of $218.46. Expedia Group has a 52 week low of $130.01 and a 52 week high of $292.42. The company has a market capitalization of $35.14 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.30 and a beta of 1.44.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, beating the consensus estimate of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the previous year, the firm earned $6.13 EPS. Expedia Group’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities research analysts anticipate that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, November 19th. Expedia Group’s payout ratio is currently 15.31%.

Insider Transactions at Expedia Group

In related news, Director Madhumita Moina Banerjee sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $258.00, for a total transaction of $258,000.00. Following the completion of the transaction, the director owned 2,916 shares in the company, valued at approximately $752,328. The trade was a 25.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $271.55, for a total transaction of $814,650.00. Following the completion of the sale, the director owned 30,858 shares in the company, valued at approximately $8,379,489.90. This trade represents a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,849 shares of company stock worth $1,283,270 in the last three months. Insiders own 9.13% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in Expedia Group in the second quarter valued at about $663,882,000. Wellington Management Group LLP raised its position in shares of Expedia Group by 24,899.5% during the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after purchasing an additional 1,801,232 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Expedia Group by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock valued at $492,152,000 after purchasing an additional 1,473,386 shares in the last quarter. LSV Asset Management grew its position in shares of Expedia Group by 497.0% in the 2nd quarter. LSV Asset Management now owns 871,837 shares of the online travel company’s stock valued at $147,061,000 after purchasing an additional 725,797 shares during the period. Finally, Alkeon Capital Management LLC grew its position in shares of Expedia Group by 20.2% in the 1st quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company’s stock valued at $399,284,000 after purchasing an additional 398,804 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

About Expedia Group

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.