Expedia Group (NASDAQ:EXPE) Lifted to Buy at Argus

Argus upgraded shares of Expedia Group (NASDAQ:EXPE) from a hold rating to a buy rating in a report released on Wednesday, BenzingaRatingsTable reports. Argus currently has $160.00 target price on the online travel company’s stock.

EXPE has been the subject of a number of other research reports. Citigroup set a $140.00 price objective on Expedia Group and gave the company a hold rating in a research note on Friday, July 26th. Piper Jaffray Companies lowered their price objective on Expedia Group from $165.00 to $160.00 and set an overweight rating for the company in a research note on Friday, May 3rd. Zacks Investment Research lowered Expedia Group from a buy rating to a hold rating in a research note on Monday, April 8th. Telsey Advisory Group set a $125.00 price objective on Expedia Group and gave the company a hold rating in a research note on Friday, May 3rd. Finally, ValuEngine upgraded Expedia Group from a hold rating to a buy rating in a research note on Tuesday, July 2nd. Ten research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $152.43.

NASDAQ EXPE traded down $2.24 during mid-day trading on Wednesday, reaching $129.17. 2,416,655 shares of the company’s stock traded hands, compared to its average volume of 1,835,942. Expedia Group has a 1-year low of $108.11 and a 1-year high of $144.00. The firm’s fifty day simple moving average is $133.28. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $19.54 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, July 25th. The online travel company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.07. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the firm earned $1.45 EPS. Expedia Group’s quarterly revenue was up 9.5% on a year-over-year basis. Equities analysts expect that Expedia Group will post 5.76 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be given a $0.34 dividend. This is a positive change from Expedia Group’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, August 21st. This represents a $1.36 annualized dividend and a dividend yield of 1.05%. Expedia Group’s dividend payout ratio (DPR) is presently 26.61%.

In other news, Director Susan C. Athey sold 2,425 shares of Expedia Group stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $134.59, for a total value of $326,380.75. Following the completion of the transaction, the director now owns 1,462 shares in the company, valued at approximately $196,770.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 20.96% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. North Star Investment Management Corp. acquired a new position in Expedia Group during the 1st quarter valued at approximately $25,000. FNY Investment Advisers LLC acquired a new position in Expedia Group during the 2nd quarter valued at approximately $28,000. Liberty Wealth Management LLC acquired a new position in Expedia Group during the 4th quarter valued at approximately $32,000. Shine Investment Advisory Services Inc. boosted its position in Expedia Group by 50.7% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 345 shares of the online travel company’s stock valued at $41,000 after purchasing an additional 116 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new position in Expedia Group during the 2nd quarter valued at approximately $41,000. Institutional investors own 81.97% of the company’s stock.

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, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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