Expedia Group Inc (NASDAQ:EXPE) – Equities researchers at Oppenheimer increased their Q4 2018 earnings estimates for shares of Expedia Group in a report issued on Tuesday, January 29th, according to Zacks Investment Research. Oppenheimer analyst J. Kelly now anticipates that the online travel company will post earnings of $0.98 per share for the quarter, up from their previous forecast of $0.87. Oppenheimer also issued estimates for Expedia Group’s Q1 2019 earnings at ($0.58) EPS, FY2019 earnings at $5.45 EPS and FY2020 earnings at $6.38 EPS.
A number of other analysts have also recently weighed in on EXPE. TheStreet cut Expedia Group from a “b” rating to a “c+” rating in a research report on Wednesday, November 14th. Benchmark reissued a “hold” rating on shares of Expedia Group in a report on Friday, February 8th. Credit Suisse Group boosted their price objective on Expedia Group from $145.00 to $150.00 in a report on Friday, February 8th. BidaskClub raised Expedia Group from a “sell” rating to a “hold” rating in a report on Saturday, October 27th. Finally, Zacks Investment Research reissued a “buy” rating and set a $136.00 price objective on shares of Expedia Group in a report on Tuesday, November 13th. Ten investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Expedia Group has a consensus rating of “Buy” and an average price target of $145.63.
EXPE traded down $1.12 during trading on Friday, reaching $126.98. The company had a trading volume of 1,187,661 shares, compared to its average volume of 1,735,468. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.66. Expedia Group has a 12-month low of $101.37 and a 12-month high of $139.77. The stock has a market capitalization of $18.69 billion, a P/E ratio of 26.40, a P/E/G ratio of 1.59 and a beta of 1.04.
Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 7th. The online travel company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.50. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Expedia Group had a return on equity of 12.96% and a net margin of 3.62%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Thursday, March 7th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 6th. This represents a $1.28 annualized dividend and a dividend yield of 1.01%. Expedia Group’s payout ratio is 26.61%.
In other Expedia Group news, insider Lance A. Soliday sold 1,749 shares of Expedia Group stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $116.70, for a total value of $204,108.30. Following the completion of the sale, the insider now owns 6,393 shares of the company’s stock, valued at approximately $746,063.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 50,000 shares of Expedia Group stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $130.31, for a total transaction of $6,515,500.00. Following the completion of the sale, the director now directly owns 462,910 shares of the company’s stock, valued at approximately $60,321,802.10. The disclosure for this sale can be found here. Insiders have sold 119,977 shares of company stock valued at $15,298,533 over the last quarter. Company insiders own 20.96% of the company’s stock.
A number of large investors have recently bought and sold shares of EXPE. Renaissance Technologies LLC acquired a new stake in Expedia Group during the 2nd quarter worth approximately $9,405,000. Macquarie Group Ltd. grew its holdings in shares of Expedia Group by 18.2% in the second quarter. Macquarie Group Ltd. now owns 2,600 shares of the online travel company’s stock valued at $312,000 after acquiring an additional 400 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Expedia Group by 6,635.9% in the second quarter. Advisors Asset Management Inc. now owns 53,887 shares of the online travel company’s stock valued at $543,000 after acquiring an additional 53,087 shares in the last quarter. FMR LLC grew its holdings in shares of Expedia Group by 8.9% in the second quarter. FMR LLC now owns 912,950 shares of the online travel company’s stock valued at $109,728,000 after acquiring an additional 74,350 shares in the last quarter. Finally, Visionary Asset Management Inc. bought a new position in shares of Expedia Group in the third quarter valued at approximately $295,000. 80.64% 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, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.