Truist Financial Issues Positive Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE - Free Report) had its price target increased by Truist Financial from $163.00 to $175.00 in a report published on Wednesday,Benzinga reports. Truist Financial currently has a hold rating on the online travel company's stock.

EXPE has been the topic of several other research reports. JMP Securities reissued a "market perform" rating on shares of Expedia Group in a research note on Friday, February 7th. DA Davidson upped their price target on Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. The Goldman Sachs Group lifted their price objective on Expedia Group from $208.00 to $236.00 and gave the company a "buy" rating in a research note on Friday, January 10th. B. Riley reissued a "buy" rating and issued a $235.00 target price (up from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Finally, Argus raised their price target on Expedia Group from $210.00 to $220.00 and gave the company a "buy" rating in a report on Friday, January 10th. Nineteen investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $193.61.

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Expedia Group Stock Down 3.3 %

EXPE traded down $5.41 on Wednesday, hitting $157.11. The company had a trading volume of 2,166,985 shares, compared to its average volume of 1,896,303. The stock has a fifty day simple moving average of $185.40 and a 200-day simple moving average of $171.29. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $20.24 billion, a P/E ratio of 17.36, a P/E/G ratio of 0.92 and a beta of 1.82. 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 issued its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. As a group, equities analysts expect that Expedia Group will post 12.28 EPS for the current fiscal 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 $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.02%. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. Expedia Group's dividend payout ratio (DPR) is presently 17.68%.

Insider Transactions at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction dated 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 $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,000 shares of company stock worth $4,577,900. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Expedia Group

Several institutional investors and hedge funds have recently made changes to their positions in EXPE. Windacre Partnership LLC lifted its holdings in Expedia Group by 49.5% during the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company's stock valued at $639,994,000 after buying an additional 1,431,500 shares in the last quarter. Norges Bank purchased a new position in shares of Expedia Group during the fourth quarter worth approximately $670,565,000. Pacer Advisors Inc. increased its position in shares of Expedia Group by 22.5% during the third quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company's stock worth $481,170,000 after acquiring an additional 596,510 shares during the period. Geode Capital Management LLC raised its stake in shares of Expedia Group by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock valued at $600,750,000 after acquiring an additional 30,163 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Expedia Group by 6.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock valued at $439,808,000 after purchasing an additional 150,480 shares during the period. 90.76% of the stock is currently owned by institutional investors.

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.