Expedia Group (NASDAQ:EXPE) Given New $175.00 Price Target at Truist Financial

Expedia Group (NASDAQ:EXPE) had its price target boosted by Truist Financial from $163.00 to $175.00 in a research note released on Wednesday,Benzinga reports. Truist Financial currently has a hold rating on the online travel company’s stock.

EXPE has been the topic of a number of other research reports. HSBC upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 price objective on the stock in a research note on Friday, February 7th. Hsbc Global Res raised Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. Cantor Fitzgerald reissued a “neutral” rating and issued a $210.00 price objective (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Wells Fargo & Company upped their target price on Expedia Group from $168.00 to $199.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group upped their target price on Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a report on Friday, January 10th. Nineteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $193.61.

Expedia Group Price Performance

EXPE stock opened at $162.52 on Wednesday. Expedia Group has a 52-week low of $107.25 and a 52-week high of $207.73. The stock’s fifty day simple moving average is $185.96 and its 200-day simple moving average is $171.38. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $20.94 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 0.92 and a beta of 1.82.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. Equities research analysts expect that Expedia Group will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, March 6th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. Expedia Group’s dividend payout ratio (DPR) is currently 17.68%.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the sale, the insider now directly owns 74,502 shares in the company, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following the sale, the director now owns 158,505 shares of the company’s stock, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,000 shares of company stock valued at $4,577,900. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several hedge funds have recently bought and sold shares of the business. Minot DeBlois Advisors LLC acquired a new stake in shares of Expedia Group in the fourth quarter valued at about $27,000. SRH Advisors LLC bought a new stake in shares of Expedia Group in the fourth quarter valued at about $28,000. Sava Infond d.o.o. bought a new stake in shares of Expedia Group in the fourth quarter valued at about $28,000. Grove Bank & Trust lifted its stake in shares of Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after buying an additional 142 shares during the period. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of Expedia Group in the fourth quarter valued at about $34,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.