Expedia Group (EXPE) – Research Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Expedia Group (NASDAQ: EXPE):

  • 8/1/2018 – Expedia Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $150.00 price target on the stock. According to Zacks, “Expedia reported solid second quarter results wherein both earnings and revenues have exhibited year over year growth owing to its increasing gross bookings. The company’s well performing HomeAway and improving stayed room nights numbers are major positives. Additionally, the company’s strong initiatives toward strengthening footprints in the domestic regions helped in aiding growth to the domestic stayed room nights during the quarter. We believe the company’s strength in Core OTA, Brand Expedia, Hotels.com, Expedia Partner Solutions and Egencia will continue to benefit its market position. The expansion of global lodging portfolio by adding new properties will also continue to aid the lodging revenues of Expedia. However, weakness in Trivago and unfavorable changes in its marketplace are major negatives. Notably, the stock has underperformed the industry it belongs to over a year.”
  • 7/30/2018 – Expedia Group had its price target raised by analysts at Citigroup Inc from $140.00 to $165.00. They now have a “buy” rating on the stock.
  • 7/27/2018 – Expedia Group had its price target raised by analysts at Piper Jaffray Companies from $135.00 to $150.00. They now have an “overweight” rating on the stock.
  • 7/27/2018 – Expedia Group was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating.
  • 7/27/2018 – Expedia Group had its price target raised by analysts at JPMorgan Chase & Co. from $115.00 to $137.00. They now have a “neutral” rating on the stock.
  • 7/27/2018 – Expedia Group had its price target raised by analysts at Wedbush from $117.00 to $133.00. They now have a “hold” rating on the stock.
  • 7/27/2018 – Expedia Group had its price target raised by analysts at Stifel Nicolaus from $122.00 to $136.00. They now have a “hold” rating on the stock.
  • 7/27/2018 – Expedia Group had its “hold” rating reaffirmed by analysts at Benchmark Co.. They wrote, “We don’t think the latter is that important at this stage in the game given the Company’s focus on shifting the business model rather than supply and customer acquisition, with strength in the underlying core business a better indicator of management’s current investment plans. Still, the miss could spark some discussion around the increasingly competitive alternative lodging landscape and HomeAway’s eventual ability to compete head to head with AirBnB, among others, in an expansion process. Alternatively, the revenue upside from the transactional focus helped drive part of the strong EBITDA beat in the quarter, and while we expect management will reinvest upside into phase 2 expansion plans beginning in 2019, evidence that HomeAway could end up with margins closer to the hotel business should drive incremental optimism around the long-term cash flow story.””
  • 7/27/2018 – Expedia Group had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $160.00 price target on the stock.
  • 7/27/2018 – Expedia Group had its price target raised by analysts at Credit Suisse Group AG from $135.00 to $160.00. They now have a “buy” rating on the stock.
  • 7/27/2018 – Expedia Group was given a new $155.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 7/27/2018 – Expedia Group was given a new $160.00 price target on by analysts at DA Davidson. They now have a “buy” rating on the stock.
  • 7/27/2018 – Expedia Group had its price target raised by analysts at KeyCorp from $140.00 to $165.00. They now have a “buy” rating on the stock.
  • 7/19/2018 – Expedia Group was given a new $150.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 7/2/2018 – Expedia Group had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc..
  • 6/21/2018 – Expedia Group had its price target raised by analysts at Wells Fargo & Co from $130.00 to $160.00. They now have an “outperform” rating on the stock.

EXPE opened at $131.71 on Thursday. The firm has a market capitalization of $19.91 billion, a P/E ratio of 35.41, a PEG ratio of 1.87 and a beta of 1.37. Expedia Group Inc has a 1 year low of $98.52 and a 1 year high of $154.24. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.67.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, July 26th. The online travel company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.83. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a return on equity of 9.48% and a net margin of 2.54%. The company’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. research analysts expect that Expedia Group Inc will post 4.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 23rd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. This is an increase from Expedia Group’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, August 22nd. Expedia Group’s dividend payout ratio is presently 32.26%.

In other news, Director Craig A. Jacobson sold 3,500 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $133.48, for a total transaction of $467,180.00. Following the completion of the sale, the director now directly owns 31,764 shares in the company, valued at approximately $4,239,858.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lance A. Soliday sold 3,269 shares of the company’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $138.07, for a total value of $451,350.83. Following the sale, the insider now 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 quarter, insiders have sold 8,316 shares of company stock valued at $1,125,813. Corporate insiders own 20.96% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Boyd Watterson Asset Management LLC OH lifted its position in shares of Expedia Group by 10.1% during the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 12,211 shares of the online travel company’s stock valued at $1,468,000 after acquiring an additional 1,125 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in shares of Expedia Group during the 2nd quarter valued at $82,965,000. Norinchukin Bank The lifted its position in shares of Expedia Group by 14.1% during the 1st quarter. Norinchukin Bank The now owns 11,211 shares of the online travel company’s stock valued at $1,238,000 after acquiring an additional 1,384 shares during the period. Korea Investment CORP lifted its position in shares of Expedia Group by 1,048.3% during the 1st quarter. Korea Investment CORP now owns 13,160 shares of the online travel company’s stock valued at $1,453,000 after acquiring an additional 12,014 shares during the period. Finally, Zeke Capital Advisors LLC bought a new stake in shares of Expedia Group during the 2nd quarter valued at $1,477,000. Hedge funds and other institutional investors own 79.56% of the company’s stock.

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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