Expedia Group (NASDAQ:EXPE) Given New $100.00 Price Target at Mizuho

Expedia Group (NASDAQ:EXPE) had its price objective cut by Mizuho from $115.00 to $100.00 in a report released on Monday, The Fly reports.

Several other research analysts have also recently commented on EXPE. TheStreet cut Expedia Group from a b rating to a c+ rating in a research report on Monday, November 18th. SunTrust Banks restated a buy rating and issued a $172.00 price objective on shares of Expedia Group in a research note on Thursday, November 21st. Barclays restated a buy rating and issued a $151.00 price objective on shares of Expedia Group in a research note on Wednesday, October 16th. Oppenheimer downgraded shares of Expedia Group from an outperform rating to a market perform rating and reduced their price objective for the stock from $160.00 to $110.00 in a report on Monday, November 11th. Finally, Raymond James decreased their target price on shares of Expedia Group from $150.00 to $136.00 and set an outperform rating on the stock in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and ten have issued a buy rating to the stock. Expedia Group currently has a consensus rating of Hold and an average target price of $140.17.

Shares of EXPE opened at $100.75 on Monday. The stock’s 50-day moving average price is $117.53 and its 200 day moving average price is $126.33. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $14.73 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 1.61 and a beta of 0.99. Expedia Group has a 12-month low of $93.53 and a 12-month high of $144.00.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Wednesday, November 6th. The online travel company reported $3.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.18). The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.57 billion. Expedia Group had a return on equity of 13.45% and a net margin of 4.26%. Expedia Group’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.65 EPS. Equities research analysts expect that Expedia Group will post 5.04 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 19th will be paid a $0.34 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.36 dividend on an annualized basis and a yield of 1.35%. Expedia Group’s payout ratio is presently 28.27%.

In other news, CAO Lance A. Soliday sold 2,722 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $95.69, for a total value of $260,468.18. Following the completion of the transaction, the chief accounting officer now owns 8,285 shares of the company’s stock, valued at approximately $792,791.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 9,222 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $135.19, for a total transaction of $1,246,722.18. Following the completion of the sale, the insider now owns 36,029 shares of the company’s stock, valued at approximately $4,870,760.51. The disclosure for this sale can be found here. Insiders have sold a total of 111,944 shares of company stock worth $14,790,690 in the last three months. 2.10% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Kenmare Capital Partners L.L.C. raised its position in shares of Expedia Group by 25.6% during the third quarter. Kenmare Capital Partners L.L.C. now owns 53,044 shares of the online travel company’s stock worth $7,130,000 after purchasing an additional 10,817 shares during the period. Metropolitan Life Insurance Co NY increased its stake in Expedia Group by 14.3% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 26,851 shares of the online travel company’s stock worth $3,609,000 after purchasing an additional 3,361 shares in the last quarter. Man Group plc increased its stake in Expedia Group by 16.6% during the 3rd quarter. Man Group plc now owns 1,582,879 shares of the online travel company’s stock worth $212,755,000 after purchasing an additional 225,821 shares in the last quarter. Voloridge Investment Management LLC increased its stake in Expedia Group by 2,614.5% during the 3rd 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 in the last quarter. Finally, Bank of Hawaii raised its holdings in Expedia Group by 6.5% during the 3rd quarter. Bank of Hawaii now owns 12,086 shares of the online travel company’s stock worth $1,624,000 after buying an additional 735 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

About Expedia Group

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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