Expedia Group (NASDAQ:EXPE) Price Target Raised to $294.00 at Robert W. Baird

Expedia Group (NASDAQ:EXPE) had its price target hoisted by Robert W. Baird from $290.00 to $294.00 in a research note published on Wednesday, MarketBeat Ratings reports. They currently have an outperform rating on the online travel company’s stock.

A number of other analysts have also recently commented on the company. The Goldman Sachs Group restated a “buy” rating and issued a $330.00 price objective on shares of Expedia Group in a research report on Monday. TD Cowen increased their target price on Expedia Group from $260.00 to $285.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. DA Davidson dropped their price target on shares of Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Argus lifted their price target on shares of Expedia Group from $270.00 to $315.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Citigroup reissued a “neutral” rating on shares of Expedia Group in a report on Monday, May 18th. Seventeen 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.com, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $288.64.

Expedia Group Price Performance

NASDAQ:EXPE opened at $261.08 on Wednesday. Expedia Group has a 52 week low of $174.05 and a 52 week high of $303.80. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. The stock has a market capitalization of $31.99 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 0.70 and a beta of 1.23. The stock’s 50-day moving average price is $242.88 and its 200-day moving average price is $244.06.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.55. The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.Expedia Group’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 EPS. As a group, equities analysts expect that Expedia Group will post 16.98 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, May 28th. Expedia Group’s payout ratio is presently 16.90%.

Insiders Place Their Bets

In related news, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the transaction, the chief accounting officer directly owned 14,083 shares in the company, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the transaction, the insider owned 105,448 shares in the company, valued at $24,569,384. The trade was a 4.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EXPE. Motiv8 Investments LLC purchased a new position in Expedia Group during the fourth quarter worth approximately $25,000. Entrust Financial LLC purchased a new stake in Expedia Group in the 4th quarter valued at $26,000. JFS Wealth Advisors LLC grew its holdings in Expedia Group by 78.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after buying an additional 44 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in shares of Expedia Group in the 4th quarter worth $29,000. Finally, Sunbelt Securities Inc. increased its stake in shares of Expedia Group by 970.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after acquiring an additional 165 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other 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.