Expedia Group (NASDAQ:EXPE) Price Target Lowered to $125.00 at Royal Bank of Canada

Expedia Group (NASDAQ:EXPE) had its price objective trimmed by Royal Bank of Canada from $142.00 to $125.00 in a research report released on Wednesday morning, The Fly reports. The firm currently has an outperform rating on the online travel company’s stock.

EXPE has been the subject of a number of other reports. SunTrust Banks restated a buy rating and issued a $172.00 price objective on shares of Expedia Group in a research report on Thursday, November 21st. Raymond James decreased their target price on Expedia Group from $150.00 to $136.00 and set an outperform rating on the stock in a research report on Thursday, November 7th. Barclays reissued a buy rating and issued a $151.00 price target on shares of Expedia Group in a research note on Wednesday, October 16th. JMP Securities lowered shares of Expedia Group from an outperform rating to a market perform rating in a report on Friday, November 8th. Finally, DA Davidson cut shares of Expedia Group from a buy rating to a neutral rating and reduced their price objective for the stock from $162.00 to $130.00 in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $139.46.

Shares of EXPE stock traded up $0.12 during mid-day trading on Wednesday, hitting $105.68. 5,245,536 shares of the stock were exchanged, compared to its average volume of 1,906,222. Expedia Group has a 52-week low of $93.53 and a 52-week high of $144.00. 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 company has a market cap of $14.73 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99. The firm has a fifty day moving average of $116.13 and a 200 day moving average of $126.16.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Wednesday, November 6th. The online travel company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.18). The business had revenue of $3.37 billion during 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%. The business’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 company posted $3.65 EPS. Equities analysts predict that Expedia Group will post 5.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Monday, November 18th. Expedia Group’s dividend payout ratio (DPR) is 28.27%.

In related news, Director Samuel H. Altman purchased 20,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of $98.83 per share, for a total transaction of $1,976,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Lance A. Soliday sold 2,722 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 8,285 shares of the company’s stock, valued at approximately $792,791.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,944 shares of company stock worth $14,790,690. Insiders own 2.10% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Glen Harbor Capital Management LLC grew its holdings in shares of Expedia Group by 7.1% in the second quarter. Glen Harbor Capital Management LLC now owns 33,694 shares of the online travel company’s stock valued at $4,482,000 after purchasing an additional 2,244 shares during the period. Avestar Capital LLC raised its stake in Expedia Group by 11,125.0% during the second quarter. Avestar Capital LLC now owns 1,347 shares of the online travel company’s stock worth $160,000 after purchasing an additional 1,335 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in Expedia Group by 276.8% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,517 shares of the online travel company’s stock valued at $338,000 after purchasing an additional 1,849 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in Expedia Group by 0.9% in the 3rd quarter. New York State Teachers Retirement System now owns 152,203 shares of the online travel company’s stock valued at $20,458,000 after purchasing an additional 1,334 shares during the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co purchased a new stake in shares of Expedia Group in the 3rd quarter valued at approximately $6,721,000. Institutional investors own 92.67% of the company’s stock.

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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