Expedia Group’s (EXPE) “Hold” Rating Reiterated at Wells Fargo & Co

Wells Fargo & Co reaffirmed their hold rating on shares of Expedia Group (NASDAQ:EXPE) in a report issued on Monday morning, AnalystRatings.com reports.

EXPE has been the subject of a number of other reports. Royal Bank of Canada cut their target price on Expedia Group from $143.00 to $113.00 and set an outperform rating for the company in a research note on Wednesday, March 11th. They noted that the move was a valuation call. Citigroup started coverage on Expedia Group in a research note on Friday, March 6th. They issued a buy rating and a $130.00 target price for the company. SunTrust Banks cut their target price on Expedia Group from $172.00 to $140.00 and set a buy rating for the company in a research note on Thursday, March 19th. Goldman Sachs Group lowered Expedia Group from a buy rating to a neutral rating and cut their target price for the company from $140.00 to $120.00 in a research note on Thursday, January 30th. Finally, Benchmark upgraded Expedia Group from a hold rating to a buy rating and set a $155.00 target price for the company in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twelve have given a buy rating to the company’s stock. Expedia Group has an average rating of Hold and a consensus target price of $125.89.

Shares of EXPE stock opened at $64.41 on Monday. Expedia Group has a 12 month low of $40.76 and a 12 month high of $144.00. The firm has a market cap of $9.22 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00. The stock has a 50 day moving average of $92.60 and a 200-day moving average of $111.61. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.85.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, February 13th. The online travel company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.37. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.76 billion. Expedia Group had a return on equity of 13.15% and a net margin of 4.68%. As a group, equities analysts predict that Expedia Group will post 1.9 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Monday, March 9th. Expedia Group’s dividend payout ratio (DPR) is 27.70%.

In other Expedia Group news, CAO Lance A. Soliday sold 2,722 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $122.19, for a total value of $332,601.18. Following the sale, the chief accounting officer now directly owns 6,476 shares in the company, valued at $791,302.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

A number of large investors have recently made changes to their positions in EXPE. Citizens Financial Group Inc RI grew its holdings in shares of Expedia Group by 1,041.7% during the fourth quarter. Citizens Financial Group Inc RI now owns 274 shares of the online travel company’s stock worth $30,000 after purchasing an additional 250 shares during the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Expedia Group by 2,614.5% during the third quarter. Voloridge Investment Management LLC now owns 69,708 shares of the online travel company’s stock worth $9,369,000 after purchasing an additional 67,140 shares during the last quarter. Nomura Holdings Inc. grew its holdings in shares of Expedia Group by 0.3% during the third quarter. Nomura Holdings Inc. now owns 328,765 shares of the online travel company’s stock worth $44,051,000 after purchasing an additional 1,111 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co bought a new stake in shares of Expedia Group during the third quarter worth $6,721,000. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Expedia Group by 10.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 126,001 shares of the online travel company’s stock worth $13,626,000 after purchasing an additional 12,148 shares during the last quarter. Hedge funds and other institutional investors own 95.72% of the company’s stock.

Expedia Group Company Profile

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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