Expedia Group (NASDAQ:EXPE) Given Buy Rating at BTIG Research

BTIG Research restated their buy rating on shares of Expedia Group (NASDAQ:EXPE) in a research report report published on Monday morning,Benzinga reports. They currently have a $330.00 target price on the online travel company’s stock.

A number of other brokerages have also recently commented on EXPE. Susquehanna reiterated a “neutral” rating and issued a $240.00 target price on shares of Expedia Group in a report on Tuesday, February 17th. Evercore restated an “outperform” rating on shares of Expedia Group in a report on Monday, February 9th. UBS Group set a $266.00 price objective on shares of Expedia Group in a research note on Friday, February 13th. Citizens Jmp reiterated a “market perform” rating on shares of Expedia Group in a research report on Tuesday, February 17th. Finally, Wall Street Zen raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 4th. Fourteen analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. According to MarketBeat.com, Expedia Group presently has a consensus rating of “Hold” and a consensus price target of $282.42.

Expedia Group Stock Up 2.8%

Shares of NASDAQ EXPE opened at $273.24 on Monday. 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 has a 12-month low of $144.20 and a 12-month high of $303.80. The firm’s 50-day moving average price is $229.00 and its 200-day moving average price is $246.84. The stock has a market capitalization of $33.48 billion, a price-to-earnings ratio of 27.74, a P/E/G ratio of 0.81 and a beta of 1.33.

Expedia Group (NASDAQ:EXPE) last released its quarterly 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. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same quarter last year, the business posted $2.39 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. On average, equities research analysts anticipate that Expedia Group will post 16.69 EPS for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were given a $0.48 dividend. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $1.92 annualized dividend and a yield of 0.7%. Expedia Group’s dividend payout ratio is currently 19.49%.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total value of $1,816,244.50. Following the sale, the insider owned 102,480 shares in the company, valued at $22,629,633.60. This trade represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in Expedia Group during the 4th quarter valued at about $861,979,000. Wellington Management Group LLP grew its stake in Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after acquiring an additional 1,801,232 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Expedia Group by 25.0% during the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after acquiring an additional 728,063 shares during the period. First Trust Advisors LP raised its stake in shares of Expedia Group by 594.0% during the fourth quarter. First Trust Advisors LP now owns 583,830 shares of the online travel company’s stock valued at $165,405,000 after acquiring an additional 499,706 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Expedia Group by 55.0% during the fourth quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock valued at $364,363,000 after acquiring an additional 456,176 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

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.