Expedia Group (NASDAQ:EXPE) had its price objective upped by equities researchers at Jefferies Financial Group from $145.00 to $175.00 in a report released on Tuesday, The Fly reports. The brokerage presently has a “hold” rating on the online travel company’s stock. Jefferies Financial Group’s target price suggests a potential upside of 1.91% from the company’s current price. Jefferies Financial Group also issued estimates for Expedia Group’s FY2022 earnings at $4.95 EPS.
Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Expedia Group from a “sell” rating to a “hold” rating and set a $154.00 target price on the stock in a research report on Tuesday, February 9th. Argus upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a research report on Thursday, February 25th. Credit Suisse Group lifted their target price on Expedia Group from $136.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, February 11th. Wells Fargo & Company upgraded Expedia Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $110.00 to $180.00 in a report on Friday, January 22nd. Finally, BTIG Research lifted their price objective on shares of Expedia Group from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, January 15th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Expedia Group presently has a consensus rating of “Hold” and an average target price of $145.81.
NASDAQ:EXPE opened at $171.72 on Tuesday. The company has a market cap of $24.70 billion, a price-to-earnings ratio of -10.99 and a beta of 1.74. Expedia Group has a 1 year low of $55.23 and a 1 year high of $187.93. The stock’s 50 day simple moving average is $171.31 and its two-hundred day simple moving average is $134.60. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.20 and a quick ratio of 1.19.
In related news, Director Susan C. Athey sold 1,462 shares of Expedia Group stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $177.66, for a total transaction of $259,738.92. Following the transaction, the director now directly owns 1,992 shares of the company’s stock, valued at $353,898.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 668 shares of the business’s stock in a transaction that occurred on Wednesday, February 17th. The stock was sold at an average price of $146.52, for a total transaction of $97,875.36. Following the completion of the transaction, the chief accounting officer now directly owns 8,093 shares of the company’s stock, valued at approximately $1,185,786.36. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crescent Capital Consulting LLC bought a new stake in Expedia Group during the fourth quarter valued at about $26,000. Sterling Investment Advisors Ltd. grew its position in shares of Expedia Group by 400.0% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 250 shares of the online travel company’s stock worth $33,000 after buying an additional 200 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Expedia Group during the 4th quarter worth approximately $38,000. Arkadios Wealth Advisors purchased a new stake in Expedia Group during the fourth quarter valued at approximately $38,000. Finally, Oxler Private Wealth LLC purchased a new stake in Expedia Group during the fourth quarter valued at approximately $49,000. 95.71% of the stock is owned by hedge funds and other institutional investors.
Expedia Group Company Profile
Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.
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