Expedia Group (NASDAQ:EXPE) Price Target Raised to $290.00

Expedia Group (NASDAQ:EXPE) had its price objective lifted by Morgan Stanley from $270.00 to $290.00 in a research note released on Friday morning, Marketbeat.com reports. The brokerage currently has an equal weight rating on the online travel company’s stock.

A number of other research firms also recently issued reports on EXPE. Wells Fargo & Company dropped their target price on shares of Expedia Group from $329.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Friday, February 13th. Sanford C. Bernstein decreased their price target on shares of Expedia Group from $256.00 to $253.00 and set a “market perform” rating for the company in a research note on Wednesday, March 11th. UBS Group set a $266.00 price objective on shares of Expedia Group in a research report on Friday, February 13th. DA Davidson decreased their target price on Expedia Group from $294.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Finally, Cantor Fitzgerald set a $245.00 price target on Expedia Group in a research note on Friday, February 13th. Thirteen analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $282.29.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $225.81 on Friday. Expedia Group has a 1 year low of $130.01 and a 1 year high of $303.80. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73. The business’s 50-day moving average is $235.95 and its 200-day moving average is $244.82. The company has a market capitalization of $27.67 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 0.70 and a beta of 1.41.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, topping the consensus estimate of $3.32 by $0.46. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The firm’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.39 earnings per share. Equities research analysts predict that Expedia Group will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 5th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s payout ratio is 19.49%.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the completion of the sale, the insider directly owned 102,480 shares of the company’s stock, valued at approximately $22,629,633.60. The trade was a 7.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.13% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Institutional investors have recently bought and sold shares of the stock. Motiv8 Investments LLC purchased a new position in Expedia Group during the 4th quarter worth $25,000. Entrust Financial LLC bought a new position in shares of Expedia Group during the fourth quarter valued at about $26,000. JFS Wealth Advisors LLC boosted its holdings in Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after purchasing an additional 44 shares during the last quarter. Lodestone Wealth Management LLC bought a new stake in Expedia Group in the 4th quarter worth about $29,000. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in Expedia Group in the 3rd quarter valued at about $30,000. Institutional investors own 90.76% of the company’s stock.

About Expedia Group

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.