Expedia Group (NASDAQ:EXPE) Price Target Raised to $190.00

Expedia Group (NASDAQ:EXPE) had its price target upped by BMO Capital Markets from $165.00 to $190.00 in a report published on Monday,Benzinga reports. The firm currently has a market perform rating on the online travel company’s stock.

Other analysts also recently issued reports about the company. Wedbush reaffirmed a “neutral” rating and set a $215.00 price target (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. JMP Securities restated a “market perform” rating on shares of Expedia Group in a research note on Friday, February 7th. Jefferies Financial Group increased their price target on shares of Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Melius Research upgraded shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Oppenheimer increased their target price on shares of Expedia Group from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Nineteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.64.

Expedia Group Stock Up 2.7 %

Shares of NASDAQ:EXPE opened at $202.61 on Monday. The firm has a market capitalization of $26.00 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82. Expedia Group has a 1 year low of $107.25 and a 1 year high of $207.73. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The firm’s 50-day moving average is $183.05 and its two-hundred day moving average is $161.87.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) 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 55.42%. Analysts predict that Expedia Group will post 10.75 EPS for the current year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.79%. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, March 6th.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the sale, the insider now directly owns 85,250 shares of the company’s stock, valued at $15,345,000. This represents a 2.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the completion of the sale, the director now owns 158,505 shares of the company’s stock, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,951 shares of company stock valued at $3,900,580. Insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

Institutional investors have recently bought and sold shares of the stock. SRH Advisors LLC acquired a new stake in shares of Expedia Group during the 4th quarter worth about $28,000. Sava Infond d.o.o. bought a new stake in Expedia Group during the fourth quarter worth about $28,000. Grove Bank & Trust grew its stake in Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after buying an additional 142 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new stake in shares of Expedia Group during the fourth quarter worth approximately $34,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Expedia Group by 709.8% in the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after acquiring an additional 291 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

About Expedia Group

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.