Piper Jaffray Companies lowered shares of Expedia Group (NASDAQ:EXPE) from an overweight rating to a neutral rating in a research note published on Thursday, November 7th, Briefing.com Automated Import reports. The brokerage currently has $124.00 price objective on the online travel company’s stock, down from their prior price objective of $160.00.
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EXPE has been the topic of several other reports. Royal Bank of Canada boosted their target price on shares of Expedia Group to $177.00 and gave the stock an outperform rating in a research report on Friday, July 26th. DA Davidson set a $162.00 target price on shares of Expedia Group and gave the stock a buy rating in a research report on Friday, July 26th. Oppenheimer set a $160.00 target price on shares of Expedia Group and gave the stock a buy rating in a research report on Friday, July 26th. Stifel Nicolaus restated a hold rating and set a $135.00 target price on shares of Expedia Group in a research report on Friday, July 26th. Finally, Jefferies Financial Group boosted their target price on shares of Expedia Group from $160.00 to $170.00 and gave the stock a buy rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $142.35.
Shares of EXPE stock traded up $0.09 during trading hours on Thursday, hitting $95.67. The company’s stock had a trading volume of 2,935,400 shares, compared to its average volume of 4,166,717. The company has a 50 day moving average of $129.68 and a 200 day moving average of $128.53. Expedia Group has a 12-month low of $94.10 and a 12-month high of $144.00. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.80. The stock has a market cap of $13.85 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.50 and a beta of 1.09.
Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Wednesday, November 6th. The online travel company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.18). Expedia Group had a net margin of 4.26% and a return on equity of 13.45%. The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the business earned $3.65 earnings per share. The business’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, analysts anticipate that Expedia Group will post 5.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Monday, November 18th. Expedia Group’s dividend payout ratio (DPR) is presently 28.27%.
In related news, insider Lance A. Soliday sold 2,724 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $127.93, for a total value of $348,481.32. Following the completion of the transaction, the insider now owns 8,009 shares of the company’s stock, valued at approximately $1,024,591.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 50,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $132.69, for a total transaction of $6,634,500.00. Following the completion of the transaction, the director now directly owns 477,677 shares of the company’s stock, valued at approximately $63,382,961.13. The disclosure for this sale can be found here. Insiders have sold a total of 111,946 shares of company stock valued at $14,878,704 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. ETRADE Capital Management LLC grew its stake in shares of Expedia Group by 0.4% in the second quarter. ETRADE Capital Management LLC now owns 19,933 shares of the online travel company’s stock worth $2,652,000 after purchasing an additional 79 shares in the last quarter. Crewe Advisors LLC raised its position in Expedia Group by 11.7% in the 2nd quarter. Crewe Advisors LLC now owns 775 shares of the online travel company’s stock valued at $103,000 after purchasing an additional 81 shares during the last quarter. Veritable L.P. raised its position in Expedia Group by 2.4% in the 2nd quarter. Veritable L.P. now owns 3,775 shares of the online travel company’s stock valued at $502,000 after purchasing an additional 88 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Expedia Group by 16.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 651 shares of the online travel company’s stock valued at $88,000 after purchasing an additional 91 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Expedia Group by 27.6% during the third quarter. Parallel Advisors LLC now owns 435 shares of the online travel company’s stock worth $58,000 after acquiring an additional 94 shares during the last quarter. 81.52% of the stock is owned by hedge funds and other 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, 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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