Expedia Group (NASDAQ:EXPE) had its price target lifted by Credit Suisse Group from $135.00 to $160.00 in a report released on Friday, July 27th. Credit Suisse Group currently has a buy rating on the online travel company’s stock.
A number of other analysts have also issued reports on the company. Zacks Investment Research raised Expedia Group from a sell rating to a hold rating in a research note on Wednesday, April 18th. SunTrust Banks reissued a buy rating on shares of Expedia Group in a research note on Monday, July 2nd. BidaskClub raised Expedia Group from a hold rating to a buy rating in a research note on Saturday, April 7th. Royal Bank of Canada reissued a buy rating and set a $141.00 price objective on shares of Expedia Group in a research note on Tuesday, April 24th. Finally, Wedbush started coverage on Expedia Group in a research note on Tuesday, April 3rd. They set a neutral rating and a $117.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $150.99.
Expedia Group traded down $0.85, hitting $131.89, during trading on Friday, according to Marketbeat. The company’s stock had a trading volume of 1,075,488 shares, compared to its average volume of 1,798,676. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $19.86 billion, a PE ratio of 35.45, a P/E/G ratio of 1.87 and a beta of 1.37. Expedia Group has a fifty-two week low of $98.52 and a fifty-two week high of $154.24.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Thursday, August 23rd will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, August 22nd. This is a boost from Expedia Group’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. Expedia Group’s dividend payout ratio is 32.26%.
In other Expedia Group news, Director Susan C. Athey sold 1,547 shares of the stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $133.99, for a total transaction of $207,282.53. Following the completion of the sale, the director now directly owns 1,974 shares of the company’s stock, valued at approximately $264,496.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lance A. Soliday sold 3,269 shares of the stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $138.07, for a total value of $451,350.83. Following the sale, the insider now directly owns 7,143 shares of the company’s stock, valued at $986,234.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,316 shares of company stock valued at $1,125,813. Insiders own 20.96% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in Expedia Group by 2.9% during the 1st quarter. BlackRock Inc. now owns 7,556,157 shares of the online travel company’s stock worth $834,275,000 after purchasing an additional 214,244 shares during the period. Artisan Partners Limited Partnership boosted its holdings in Expedia Group by 324.7% in the second quarter. Artisan Partners Limited Partnership now owns 5,445,867 shares of the online travel company’s stock valued at $654,539,000 after acquiring an additional 4,163,557 shares during the last quarter. First Pacific Advisors LLC boosted its holdings in Expedia Group by 9.3% in the first quarter. First Pacific Advisors LLC now owns 2,909,233 shares of the online travel company’s stock valued at $321,208,000 after acquiring an additional 247,413 shares during the last quarter. First Trust Advisors LP boosted its holdings in Expedia Group by 7.7% in the second quarter. First Trust Advisors LP now owns 1,827,633 shares of the online travel company’s stock valued at $219,663,000 after acquiring an additional 130,021 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in Expedia Group by 197.5% in the first quarter. Neuberger Berman Group LLC now owns 1,441,064 shares of the online travel company’s stock valued at $159,108,000 after acquiring an additional 956,715 shares during the last quarter. 79.56% of the stock is owned by institutional investors.
About Expedia Group
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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