Expedia Group (NASDAQ:EXPE) Price Target Lowered to $310.00 at Wells Fargo & Company

Expedia Group (NASDAQ:EXPE) had its price target lowered by Wells Fargo & Company from $311.00 to $310.00 in a report released on Tuesday, Marketbeat Ratings reports. The brokerage currently has an equal weight rating on the online travel company’s stock.

Several other research analysts have also recently commented on EXPE. Truist Financial reduced their target price on Expedia Group from $252.00 to $246.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Royal Bank Of Canada raised their target price on Expedia Group from $260.00 to $290.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. BTIG Research reaffirmed a “buy” rating and issued a $330.00 target price on shares of Expedia Group in a research report on Monday, March 16th. Robert W. Baird raised their target price on Expedia Group from $280.00 to $282.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, TD Cowen reduced their target price on Expedia Group from $300.00 to $260.00 and set a “hold” rating for the company in a research report on Friday, February 13th. Fourteen equities research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $282.42.

Expedia Group Stock Up 3.5%

EXPE opened at $248.57 on Tuesday. The stock has a market capitalization of $30.46 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 0.73 and a beta of 1.33. Expedia Group has a 1-year low of $144.20 and a 1-year high of $303.80. The business has a 50 day moving average of $226.80 and a 200-day moving average of $245.57. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.75.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, topping the consensus estimate of $3.32 by $0.46. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.Expedia Group’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business earned $2.39 earnings per share. As a group, sell-side analysts anticipate that Expedia Group will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

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

Insider Activity

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction on 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 completion of the transaction, the insider directly owned 102,480 shares of the company’s stock, valued at approximately $22,629,633.60. This trade represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.13% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EXPE. Motiv8 Investments LLC bought a new position in shares of Expedia Group during the fourth quarter valued at $25,000. Entrust Financial LLC bought a new position in shares of Expedia Group during the fourth quarter valued at $26,000. JFS Wealth Advisors LLC lifted its holdings in shares of Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after acquiring an additional 44 shares during the period. Lodestone Wealth Management LLC bought a new position in shares of Expedia Group during the fourth quarter valued at $29,000. Finally, Grey Fox Wealth Advisors LLC bought a new position in shares of Expedia Group during the third quarter valued at $30,000. 90.76% of the stock is owned by institutional investors.

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.