JPMorgan Chase & Co. Issues Pessimistic Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE - Free Report) had its price objective cut by JPMorgan Chase & Co. from $205.00 to $170.00 in a report issued on Tuesday,Benzinga reports. They currently have a neutral rating on the online travel company's stock.

Several other research firms have also weighed in on EXPE. Truist Financial raised their price objective on Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a research note on Wednesday, March 12th. Barclays raised their price target on shares of Expedia Group from $166.00 to $187.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. DA Davidson upped their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Wedbush restated a "neutral" rating and issued a $215.00 target price (up previously from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Finally, BMO Capital Markets upped their price target on shares of Expedia Group from $165.00 to $190.00 and gave the stock a "market perform" rating in a report on Monday, February 10th. Nineteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $191.43.

Expedia Group Price Performance

EXPE stock traded up $1.01 during mid-day trading on Tuesday, hitting $150.53. The stock had a trading volume of 3,123,988 shares, compared to its average volume of 2,006,310. The firm has a fifty day simple moving average of $177.47 and a 200 day simple moving average of $175.02. The firm has a market capitalization of $19.40 billion, a P/E ratio of 16.63, a P/E/G ratio of 0.92 and a beta of 1.65. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group has a 52 week low of $107.25 and a 52 week high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data 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 52.41%. As a group, research analysts forecast that Expedia Group will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.06%. This is a boost from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 6th. Expedia Group's dividend payout ratio (DPR) is presently 17.68%.

Insider Buying and Selling at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total value of $1,697,900.00. Following the transaction, the director now directly owns 158,505 shares in the company, valued at $26,912,563.95. This trade represents a 5.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 5,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, the insider now owns 74,502 shares of the company's stock, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently made changes to their positions in EXPE. Greenleaf Trust lifted its position in Expedia Group by 2.5% in the 4th quarter. Greenleaf Trust now owns 2,520 shares of the online travel company's stock valued at $470,000 after acquiring an additional 61 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Expedia Group by 14.8% in the fourth quarter. UMB Bank n.a. now owns 489 shares of the online travel company's stock valued at $91,000 after purchasing an additional 63 shares in the last quarter. Signet Financial Management LLC boosted its position in shares of Expedia Group by 0.3% during the fourth quarter. Signet Financial Management LLC now owns 25,499 shares of the online travel company's stock valued at $4,751,000 after buying an additional 74 shares during the last quarter. Metis Global Partners LLC grew its holdings in Expedia Group by 1.8% during the fourth quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company's stock worth $773,000 after buying an additional 74 shares in the last quarter. Finally, Diametric Capital LP lifted its stake in Expedia Group by 1.6% during the 4th quarter. Diametric Capital LP now owns 4,737 shares of the online travel company's stock valued at $883,000 after acquiring an additional 74 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

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.