Expedia Group (NASDAQ:EXPE) Given New $311.00 Price Target at Wells Fargo & Company

Expedia Group (NASDAQ:EXPEFree Report) had its price objective trimmed by Wells Fargo & Company from $315.00 to $311.00 in a research report report published on Wednesday, MarketBeat Ratings reports. The brokerage currently has an equal weight rating on the online travel company’s stock.

A number of other equities analysts have also weighed in on the company. Sanford C. Bernstein decreased their target price on Expedia Group from $256.00 to $253.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 11th. Royal Bank Of Canada lifted their price target on Expedia Group from $260.00 to $290.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 17th. Evercore reissued an “outperform” rating on shares of Expedia Group in a report on Monday, February 9th. BTIG Research restated a “buy” rating and issued a $330.00 price objective on shares of Expedia Group in a research report on Monday, March 16th. Finally, BMO Capital Markets raised their target price on shares of Expedia Group from $250.00 to $255.00 and gave the company a “market perform” rating in a research note on Friday, February 13th. Fourteen research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $282.65.

View Our Latest Analysis on Expedia Group

Expedia Group Stock Down 1.4%

Shares of NASDAQ:EXPE opened at $227.67 on Wednesday. The firm has a fifty day moving average price of $233.07 and a two-hundred day moving average price of $244.80. The company has a market cap of $27.90 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 0.72 and a beta of 1.33. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group has a one year low of $130.01 and a one year high of $303.80.

Expedia Group (NASDAQ:EXPEGet Free Report) last released its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.46. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter in the prior year, the firm posted $2.39 earnings per share. The business’s quarterly revenue was up 11.4% on a year-over-year basis. Analysts anticipate that Expedia Group will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, March 5th. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s dividend payout ratio (DPR) is currently 19.49%.

Insider Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 8,225 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the transaction, the insider directly owned 102,480 shares in the company, valued at approximately $22,629,633.60. This represents a 7.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 9.13% of the company’s stock.

Institutional Trading of Expedia Group

Several hedge funds and other institutional investors have recently bought and sold shares of EXPE. Motiv8 Investments LLC bought a new stake in shares of Expedia Group in the 4th quarter worth approximately $25,000. Entrust Financial LLC bought a new position in shares of Expedia Group during the 4th quarter valued at $26,000. JFS Wealth Advisors LLC raised its position in Expedia Group by 78.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after purchasing an additional 44 shares during the period. Lodestone Wealth Management LLC purchased a new position in Expedia Group in the 4th quarter worth $29,000. Finally, Grey Fox Wealth Advisors LLC bought a new stake in Expedia Group in the third quarter worth $30,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Key Headlines Impacting Expedia Group

Here are the key news stories impacting Expedia Group this week:

About Expedia Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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