Expedia Group (NASDAQ:EXPE) Price Target Cut to $245.00 by Analysts at Mizuho

Expedia Group (NASDAQ:EXPE) had its target price trimmed by Mizuho from $270.00 to $245.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the online travel company’s stock.

A number of other research analysts have also recently weighed in on the stock. B. Riley Financial boosted their price objective on shares of Expedia Group from $300.00 to $360.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Citizens Jmp reiterated a “market perform” rating on shares of Expedia Group in a report on Tuesday, February 17th. UBS Group set a $266.00 price objective on shares of Expedia Group in a research note on Friday, February 13th. Evercore restated an “outperform” rating on shares of Expedia Group in a research report on Monday, February 9th. Finally, Wells Fargo & Company reduced their price target on Expedia Group from $329.00 to $315.00 and set an “equal weight” rating on the stock in a report on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $281.74.

Expedia Group Trading Up 0.9%

Shares of NASDAQ EXPE opened at $215.14 on Tuesday. Expedia Group has a 1-year low of $130.01 and a 1-year high of $303.80. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73. The business’s 50 day moving average is $255.67 and its two-hundred day moving average is $241.95. The stock has a market capitalization of $26.36 billion, a P/E ratio of 21.84, a PEG ratio of 0.66 and a beta of 1.41.

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

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.48 per share. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. This represents a $1.92 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, March 5th. Expedia Group’s payout ratio is 16.24%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Spire Wealth Management lifted its position in shares of Expedia Group by 114.3% in the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after purchasing an additional 80 shares during the period. Motiv8 Investments LLC purchased a new stake in Expedia Group during the fourth quarter worth $25,000. Entrust Financial LLC bought a new stake in Expedia Group during the 4th quarter valued at $26,000. JFS Wealth Advisors LLC boosted its position in Expedia Group by 78.6% during the 4th 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 in the last quarter. Finally, Lodestone Wealth Management LLC purchased a new position in shares of Expedia Group in the 4th quarter valued at $29,000. 90.76% of the stock is currently 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.