Expedia Group (NASDAQ:EXPE) Receives Buy Rating from BTIG Research

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

EXPE has been the topic of a number of other reports. Mizuho reduced their price target on shares of Expedia Group from $270.00 to $245.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. UBS Group set a $266.00 price objective on Expedia Group in a research report on Friday, February 13th. Wedbush reaffirmed a “neutral” rating and issued a $260.00 target price on shares of Expedia Group in a report on Tuesday, February 17th. Bank of America boosted their target price on Expedia Group from $303.00 to $306.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, Cantor Fitzgerald set a $245.00 price target on Expedia Group in a research note 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $281.65.

Expedia Group Trading Up 1.4%

Shares of EXPE opened at $231.46 on Monday. The firm has a market cap of $28.36 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 0.71 and a beta of 1.41. 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 1 year low of $130.01 and a 1 year high of $303.80. The company has a 50 day simple moving average of $246.57 and a two-hundred day simple moving average of $243.50.

Expedia Group (NASDAQ:EXPE) last released 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. 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 the consensus estimate of $3.41 billion. During the same quarter in the previous year, the firm earned $2.39 earnings per share. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, equities analysts expect that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, March 5th. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. This is a positive change from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s dividend payout ratio is currently 19.49%.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction dated 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 completion of the transaction, the insider owned 102,480 shares in the company, valued at approximately $22,629,633.60. This trade represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 9.13% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC raised its holdings in Expedia Group by 0.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 9,814 shares of the online travel company’s stock valued at $2,098,000 after buying an additional 38 shares during the period. RHS Financial LLC boosted its stake in Expedia Group by 4.0% during the fourth quarter. RHS Financial LLC now owns 1,030 shares of the online travel company’s stock worth $292,000 after buying an additional 40 shares during the period. Geneos Wealth Management Inc. boosted its stake in Expedia Group by 8.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company’s stock worth $161,000 after buying an additional 43 shares during the period. Harbor Investment Advisory LLC increased its position in Expedia Group by 16.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 319 shares of the online travel company’s stock valued at $90,000 after acquiring an additional 44 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its position in 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 last quarter. 90.76% of the stock is currently owned by hedge funds and other 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.