Expedia Group (EXPE) Receives “Buy” Rating from Barclays

Barclays reiterated their buy rating on shares of Expedia Group (NASDAQ:EXPE) in a research note released on Monday, May 6th, AnalystRatings.com reports. The brokerage currently has a $145.00 price target on the online travel company’s stock.

A number of other research firms have also recently issued reports on EXPE. Jefferies Financial Group increased their target price on Expedia Group to $160.00 and gave the stock a buy rating in a research note on Friday, February 8th. BidaskClub raised Expedia Group from a sell rating to a hold rating in a research report on Wednesday, May 1st. Piper Jaffray Companies reduced their price target on Expedia Group from $165.00 to $160.00 and set an overweight rating for the company in a research report on Friday, May 3rd. Needham & Company LLC upped their price target on Expedia Group from $115.00 to $125.00 and gave the stock a buy rating in a research report on Friday, February 8th. Finally, Credit Suisse Group upped their price target on Expedia Group from $145.00 to $150.00 in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $145.55.

NASDAQ EXPE traded up $0.08 during trading hours on Monday, reaching $116.10. 1,195,553 shares of the company’s stock were exchanged, compared to its average volume of 1,617,392. Expedia Group has a one year low of $108.11 and a one year high of $139.77. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $17.07 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 1.64 and a beta of 0.96.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, May 2nd. The online travel company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.34. Expedia Group had a return on equity of 13.41% and a net margin of 3.89%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the prior year, the business earned ($0.36) EPS. Expedia Group’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts predict that Expedia Group will post 5.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 23rd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, May 22nd. Expedia Group’s dividend payout ratio is 26.61%.

A number of institutional investors have recently made changes to their positions in EXPE. LPL Financial LLC lifted its holdings in Expedia Group by 27.0% during the 3rd quarter. LPL Financial LLC now owns 6,885 shares of the online travel company’s stock valued at $898,000 after purchasing an additional 1,462 shares during the last quarter. Kentucky Retirement Systems bought a new position in Expedia Group during the 3rd quarter worth $592,000. Standard Life Aberdeen plc increased its position in Expedia Group by 31.1% during the 3rd quarter. Standard Life Aberdeen plc now owns 205,931 shares of the online travel company’s stock worth $26,870,000 after buying an additional 48,803 shares during the period. Legal & General Group Plc increased its position in Expedia Group by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 555,006 shares of the online travel company’s stock worth $72,417,000 after buying an additional 11,428 shares during the period. Finally, Morgan Stanley increased its position in Expedia Group by 8.9% during the 3rd quarter. Morgan Stanley now owns 1,065,996 shares of the online travel company’s stock worth $139,091,000 after buying an additional 86,901 shares during the period. 82.10% of the stock is owned by institutional investors and hedge funds.

Expedia Group Company Profile

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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