Expedia Group (NASDAQ:EXPE) PT Set at $188.00 by SunTrust Banks

Expedia Group (NASDAQ:EXPE) received a $188.00 target price from SunTrust Banks in a report issued on Friday, TipRanks reports. The firm currently has a “buy” rating on the online travel company’s stock. SunTrust Banks’ target price suggests a potential upside of 42.10% from the stock’s current price. SunTrust Banks also issued estimates for Expedia Group’s FY2021 earnings at $8.30 EPS, FY2022 earnings at $9.80 EPS and FY2023 earnings at $11.36 EPS.

A number of other equities research analysts have also commented on EXPE. DA Davidson set a $162.00 price objective on Expedia Group and gave the stock a “buy” rating in a research report on Friday, July 26th. Bank of America restated a “buy” rating and set a $160.00 price objective (up from $153.00) on shares of Expedia Group in a research report on Friday, July 26th. UBS Group raised their price objective on Expedia Group to $156.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. ValuEngine lowered Expedia Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley raised their price objective on Expedia Group from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Expedia Group currently has a consensus rating of “Buy” and an average target price of $152.57.

NASDAQ EXPE traded up $0.65 during trading on Friday, reaching $132.30. 760,011 shares of the company’s stock were exchanged, compared to its average volume of 1,229,497. Expedia Group has a fifty-two week low of $108.11 and a fifty-two week high of $144.00. The firm has a market capitalization of $19.70 billion, a PE ratio of 27.51, a P/E/G ratio of 1.69 and a beta of 1.07. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.71. The company’s fifty day simple moving average is $130.50 and its 200-day simple moving average is $126.35.



Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, July 25th. The online travel company reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.07. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the company posted $1.45 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities analysts forecast that Expedia Group will post 5.8 EPS for the current fiscal year.

In related news, Director Dara Khosrowshahi sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $132.98, for a total value of $6,649,000.00. Following the transaction, the director now directly owns 477,677 shares of the company’s stock, valued at approximately $63,521,487.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan C. Athey sold 2,425 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $134.59, for a total value of $326,380.75. Following the completion of the transaction, the director now directly owns 1,462 shares in the company, valued at $196,770.58. The disclosure for this sale can be found here. Insiders have sold a total of 58,449 shares of company stock valued at $7,754,611 over the last ninety days. Company insiders own 20.96% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. ETRADE Capital Management LLC raised its stake in shares of Expedia Group by 0.4% in the 2nd quarter. ETRADE Capital Management LLC now owns 19,933 shares of the online travel company’s stock valued at $2,652,000 after acquiring an additional 79 shares in the last quarter. Crewe Advisors LLC raised its stake in shares of Expedia Group by 11.7% in the 2nd quarter. Crewe Advisors LLC now owns 775 shares of the online travel company’s stock valued at $103,000 after acquiring an additional 81 shares in the last quarter. Veritable L.P. raised its stake in shares of Expedia Group by 2.4% in the 2nd quarter. Veritable L.P. now owns 3,775 shares of the online travel company’s stock valued at $502,000 after acquiring an additional 88 shares in the last quarter. Commonwealth Bank of Australia raised its stake in shares of Expedia Group by 1.0% in the 1st quarter. Commonwealth Bank of Australia now owns 9,706 shares of the online travel company’s stock valued at $1,149,000 after acquiring an additional 100 shares in the last quarter. Finally, Korea Investment CORP raised its stake in shares of Expedia Group by 2.3% in the 2nd quarter. Korea Investment CORP now owns 4,500 shares of the online travel company’s stock valued at $599,000 after acquiring an additional 100 shares in the last quarter. 80.05% of the stock is currently 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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