Analysts Set Expedia Group, Inc. (NASDAQ:EXPE) Price Target at $148.00

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have been assigned a consensus rating of “Hold” from the twenty-six ratings firms that are presently covering the firm, MarketBeat reports. Eighteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $148.00.

Several brokerages recently issued reports on EXPE. UBS Group decreased their price target on shares of Expedia Group from $140.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Susquehanna raised their target price on shares of Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Piper Sandler reissued a “neutral” rating and issued a $140.00 price target (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Cantor Fitzgerald restated a “neutral” rating and issued a $130.00 price target on shares of Expedia Group in a research note on Monday. Finally, Citigroup lifted their price objective on Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, August 9th.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the transaction, the insider now directly owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new position in Expedia Group in the 2nd quarter worth $1,159,000. New Wave Wealth Advisors LLC bought a new position in shares of Expedia Group in the second quarter worth about $201,000. Teachers Retirement System of The State of Kentucky grew its position in shares of Expedia Group by 22.0% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 170,655 shares of the online travel company’s stock worth $21,501,000 after purchasing an additional 30,744 shares in the last quarter. Delphi Management Inc. MA raised its stake in Expedia Group by 10.6% during the 2nd quarter. Delphi Management Inc. MA now owns 14,125 shares of the online travel company’s stock valued at $1,780,000 after purchasing an additional 1,349 shares during the period. Finally, Aurora Investment Counsel lifted its holdings in Expedia Group by 33.2% in the 2nd quarter. Aurora Investment Counsel now owns 14,644 shares of the online travel company’s stock worth $1,845,000 after purchasing an additional 3,650 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Up 2.7 %

EXPE stock opened at $147.92 on Friday. The company has a market capitalization of $20.16 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 0.51 and a beta of 1.79. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. The business’s 50 day moving average price is $132.34 and its two-hundred day moving average price is $128.18. Expedia Group has a fifty-two week low of $92.48 and a fifty-two week high of $160.05.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.34. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.34 earnings per share. As a group, analysts forecast that Expedia Group will post 8.98 earnings per share for the current fiscal year.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.