Expedia Group (NASDAQ:EXPE) Upgraded to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Expedia Group (NASDAQ:EXPE) from a buy rating to a strong-buy rating in a report issued on Tuesday, BidAskClub reports.

A number of other brokerages also recently commented on EXPE. Standpoint Research assumed coverage on shares of Expedia Group in a research report on Tuesday, July 16th. They set a buy rating and a $180.00 price objective for the company. Jefferies Financial Group set a $40.00 price objective on shares of Intel and gave the stock a sell rating in a research report on Friday, July 26th. Zacks Investment Research downgraded shares of Wix.Com from a hold rating to a sell rating in a research report on Monday, April 8th. Susquehanna Bancshares assumed coverage on shares of Pinterest in a research report on Monday, May 6th. They set a neutral rating and a $35.00 price objective for the company. Finally, DA Davidson restated a buy rating on shares of Bridgewater Bancshares in a research report on Friday, July 26th. Nine analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $150.84.

Shares of NASDAQ:EXPE opened at $135.25 on Tuesday. The firm has a market cap of $20.52 billion, a PE ratio of 28.12, a P/E/G ratio of 1.81 and a beta of 1.08. The stock’s fifty day simple moving average is $132.84. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.76 and a current ratio of 0.76. Expedia Group has a 1-year low of $108.11 and a 1-year high of $144.00.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, July 25th. The online travel company reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.07. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Expedia Group had a net margin of 5.36% and a return on equity of 14.20%. Expedia Group’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 EPS. Analysts anticipate that Expedia Group will post 5.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, August 21st. This is an increase from Expedia Group’s previous quarterly dividend of $0.32. Expedia Group’s dividend payout ratio (DPR) is currently 26.61%.

Several institutional investors and hedge funds have recently made changes to their positions in EXPE. North Star Investment Management Corp. purchased a new position in shares of Expedia Group in the 1st quarter valued at about $25,000. FNY Investment Advisers LLC purchased a new position in shares of Expedia Group in the 2nd quarter valued at about $28,000. Liberty Wealth Management LLC purchased a new position in shares of Expedia Group in the 4th quarter valued at about $32,000. Shine Investment Advisory Services Inc. increased its holdings in shares of Expedia Group by 50.7% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 345 shares of the online travel company’s stock valued at $41,000 after purchasing an additional 116 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Expedia Group in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 81.97% of the company’s stock.

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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