Royal Bank of Canada Cuts Expedia Group (NASDAQ:EXPE) Price Target to $142.00

Expedia Group (NASDAQ:EXPE) had its target price cut by Royal Bank of Canada to $142.00 in a research report released on Thursday morning, The Fly reports. They currently have an average rating on the online travel company’s stock.

A number of other research analysts also recently weighed in on EXPE. Jefferies Financial Group lowered their target price on Expedia Group from $170.00 to $145.00 and set an average rating on the stock in a report on Thursday. 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 note on Thursday. Standpoint Research initiated coverage on Expedia Group in a research note on Tuesday, July 16th. They set a buy rating and a $180.00 target price on the stock. Piper Jaffray Companies downgraded Expedia Group from an overweight rating to a neutral rating and decreased their target price for the company from $160.00 to $124.00 in a research note on Thursday. Finally, Citigroup set a $140.00 target price on Expedia Group and gave the company a hold rating in a research note on Friday, July 26th. Nineteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $144.52.

EXPE stock traded up $3.03 during midday trading on Thursday, hitting $101.32. The company had a trading volume of 10,007,700 shares, compared to its average volume of 1,732,978. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.71. Expedia Group has a 52 week low of $97.05 and a 52 week high of $144.00. The stock has a market cap of $20.20 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.68 and a beta of 1.09. The stock’s 50 day moving average price is $133.97 and its 200 day moving average price is $129.36.

Expedia Group (NASDAQ:EXPE) last posted its 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). Expedia Group had a net margin of 5.36% and a return on equity of 14.20%. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the company posted $3.65 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. Analysts predict that Expedia Group will post 5.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Monday, November 18th. Expedia Group’s dividend payout ratio (DPR) is 28.27%.

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In other news, insider Lance A. Soliday sold 2,724 shares of Expedia Group stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $127.93, for a total value of $348,481.32. Following the completion of the transaction, the insider now owns 8,009 shares in the company, valued at approximately $1,024,591.37. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 50,000 shares of Expedia Group stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $132.69, for a total value of $6,634,500.00. Following the completion of the transaction, the director now owns 477,677 shares of the company’s stock, valued at approximately $63,382,961.13. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,946 shares of company stock valued at $14,878,704. Company insiders own 2.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Nuveen Asset Management LLC lifted its stake in shares of Expedia Group by 1,704.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 5,557,410 shares of the online travel company’s stock worth $739,303,000 after acquiring an additional 5,249,396 shares during the last quarter. Par Capital Management Inc. increased its position in Expedia Group by 19.4% during the 2nd quarter. Par Capital Management Inc. now owns 9,509,627 shares of the online travel company’s stock valued at $1,265,066,000 after buying an additional 1,545,373 shares in the last quarter. DNB Asset Management AS boosted its holdings in Expedia Group by 2,126.8% in the third quarter. DNB Asset Management AS now owns 1,102,864 shares of the online travel company’s stock worth $148,236,000 after acquiring an additional 1,053,337 shares in the last quarter. Holocene Advisors LP acquired a new stake in Expedia Group in the second quarter worth about $57,957,000. Finally, BlackRock Inc. grew its stake in shares of Expedia Group by 5.2% during the second quarter. BlackRock Inc. now owns 8,223,670 shares of the online travel company’s stock worth $1,093,995,000 after acquiring an additional 407,604 shares during the last quarter. Hedge funds and other institutional investors own 81.09% 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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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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