Expedia Group Inc (NASDAQ:EXPE) – Equities research analysts at Oppenheimer raised their Q2 2019 earnings estimates for Expedia Group in a research report issued on Sunday, April 28th, Zacks Investment Research reports. Oppenheimer analyst J. Kelly now forecasts that the online travel company will post earnings of $1.57 per share for the quarter, up from their prior estimate of $1.49. Oppenheimer also issued estimates for Expedia Group’s Q3 2019 earnings at $3.71 EPS, Q4 2019 earnings at $1.33 EPS, FY2019 earnings at $6.17 EPS and FY2020 earnings at $7.26 EPS.
Other analysts also recently issued reports about the company. BidaskClub upgraded Expedia Group from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd. Barclays reiterated a “buy” rating and set a $145.00 target price on shares of Expedia Group in a research report on Monday. Susquehanna Bancshares reiterated a “neutral” rating and set a $141.00 target price (down from $170.00) on shares of Expedia Group in a research report on Monday. Piper Jaffray Companies cut their target price on Expedia Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Zacks Investment Research upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a research report on Monday, January 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Expedia Group currently has a consensus rating of “Buy” and a consensus price target of $146.90.
NASDAQ:EXPE opened at $123.05 on Tuesday. The firm has a market cap of $18.71 billion, a PE ratio of 25.58, a P/E/G ratio of 1.53 and a beta of 0.96. The company has a quick ratio of 0.64, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. Expedia Group has a fifty-two week low of $108.11 and a fifty-two week high of $139.77.
Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.27) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.61) by $0.34. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.69 billion. Expedia Group had a return on equity of 13.41% and a net margin of 3.89%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.36) EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXPE. North Star Investment Management Corp. bought a new stake in shares of Expedia Group in the 1st quarter valued at about $25,000. Liberty Wealth Management LLC bought a new stake in shares of Expedia Group during the 4th quarter valued at about $32,000. Legacy Bridge LLC bought a new stake in shares of Expedia Group during the 4th quarter valued at about $35,000. JOYN Advisors Inc. boosted its position in shares of Expedia Group by 53.0% during the 4th quarter. JOYN Advisors Inc. now owns 332 shares of the online travel company’s stock valued at $37,000 after purchasing an additional 115 shares in the last quarter. Finally, Rational Advisors LLC bought a new stake in shares of Expedia Group during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 80.32% of the company’s stock.
In other Expedia Group news, insider Mark D. Okerstrom sold 5,531 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $126.66, for a total value of $700,556.46. Following the sale, the insider now owns 70,532 shares in the company, valued at approximately $8,933,583.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Lance A. Soliday sold 1,635 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $124.56, for a total value of $203,655.60. Following the completion of the sale, the chief accounting officer now owns 6,644 shares in the company, valued at approximately $827,576.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,759 shares of company stock valued at $9,536,481. Insiders own 20.96% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 23rd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.04%. Expedia Group’s payout ratio is presently 26.61%.
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.