Expedia Group (NASDAQ:EXPE) Reaches New 1-Year High on Analyst Upgrade

Expedia Group, Inc. (NASDAQ:EXPE)’s stock price reached a new 52-week high on Tuesday after Sanford C. Bernstein raised their price target on the stock from $210.00 to $256.00. Sanford C. Bernstein currently has a market perform rating on the stock. Expedia Group traded as high as $292.53 and last traded at $292.5450, with a volume of 108607 shares changing hands. The stock had previously closed at $287.47.

EXPE has been the topic of several other research reports. Citigroup lifted their target price on shares of Expedia Group from $206.00 to $281.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. DA Davidson restated a “neutral” rating and set a $294.00 target price on shares of Expedia Group in a research report on Thursday, December 11th. Oppenheimer upped their price target on Expedia Group from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Benchmark lifted their target price on shares of Expedia Group from $265.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Susquehanna upped their price objective on Expedia Group from $200.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and twenty-four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $276.84.

Insider Activity at Expedia Group

In related news, Director Craig A. Jacobson sold 3,000 shares of Expedia Group 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 of the company’s stock, valued at approximately $8,379,489.90. This trade represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 849 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $248.08, for a total transaction of $210,619.92. Following the transaction, the chief accounting officer owned 11,662 shares in the company, valued at approximately $2,893,108.96. This trade represents a 6.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,849 shares of company stock valued at $1,283,270 over the last 90 days. 9.13% of the stock is currently owned by corporate insiders.

Institutional Trading of Expedia Group

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in Expedia Group in the 2nd quarter worth $663,882,000. Wellington Management Group LLP grew its position in shares of Expedia Group by 24,899.5% in the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after purchasing an additional 1,801,232 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Expedia Group by 102.0% in the second 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 during the last quarter. LSV Asset Management increased its stake in shares of Expedia Group by 497.0% in the second quarter. LSV Asset Management now owns 871,837 shares of the online travel company’s stock worth $147,061,000 after purchasing an additional 725,797 shares during the period. Finally, Voloridge Investment Management LLC lifted its position in shares of Expedia Group by 465.6% during the 3rd quarter. Voloridge Investment Management LLC now owns 452,867 shares of the online travel company’s stock worth $96,800,000 after purchasing an additional 372,798 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Performance

The stock has a market cap of $36.66 billion, a P/E ratio of 28.63, a P/E/G ratio of 1.04 and a beta of 1.43. The firm has a 50 day moving average of $262.73 and a two-hundred day moving average of $223.67. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.74 and a current ratio of 0.74.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, topping 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 company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the previous year, the business posted $6.13 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.60 dividend on an annualized basis and a yield of 0.5%. Expedia Group’s dividend payout ratio is 15.31%.

Expedia Group Company Profile

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.