Expedia Group (NASDAQ:EXPE) Price Target Lowered to $246.00 at Truist Financial

Expedia Group (NASDAQ:EXPE) had its price objective decreased by Truist Financial from $252.00 to $246.00 in a research report sent to investors on Monday morning, MarketBeat.com reports. Truist Financial currently has a hold rating on the online travel company’s stock.

Several other brokerages have also recently weighed in on EXPE. BTIG Research reaffirmed a “buy” rating and set a $330.00 target price on shares of Expedia Group in a research note on Monday, March 16th. Susquehanna reaffirmed a “neutral” rating and set a $240.00 target price on shares of Expedia Group in a research note on Tuesday, February 17th. Wall Street Zen raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Barclays increased their price target on Expedia Group from $245.00 to $260.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Finally, Zacks Research lowered Expedia Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $282.45.

Expedia Group Trading Up 1.7%

Shares of EXPE stock opened at $229.04 on Monday. The stock has a 50-day simple moving average of $230.26 and a 200 day simple moving average of $244.97. Expedia Group has a fifty-two week low of $130.01 and a fifty-two week high of $303.80. The stock has a market capitalization of $28.07 billion, a P/E ratio of 23.25, a P/E/G ratio of 0.69 and a beta of 1.33. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.75.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share for the quarter, beating 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 business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter last year, the business posted $2.39 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. On average, sell-side analysts expect that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were given a $0.48 dividend. This is a positive change from Expedia Group’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, March 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. Expedia Group’s dividend payout ratio is 19.49%.

Insider Buying and Selling at Expedia Group

In related 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 completion of the transaction, the insider owned 102,480 shares in the company, valued at $22,629,633.60. This trade represents a 7.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On Expedia Group

A number of institutional investors have recently bought and sold shares of EXPE. Motiv8 Investments LLC acquired a new stake in Expedia Group during the 4th quarter worth about $25,000. Entrust Financial LLC acquired a new stake in Expedia Group during the 4th quarter worth about $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 worth $28,000 after acquiring an additional 44 shares during the period. Lodestone Wealth Management LLC acquired a new stake in Expedia Group during the 4th quarter worth about $29,000. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in Expedia Group during the 3rd quarter worth about $30,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.