Expedia Group (NASDAQ:EXPE) Sets New 1-Year High – Here’s Why

Expedia Group, Inc. (NASDAQ:EXPE)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $165.86 and last traded at $165.86, with a volume of 50765 shares trading hands. The stock had previously closed at $161.11.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EXPE shares. UBS Group boosted their target price on shares of Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. DA Davidson reaffirmed a “neutral” rating and issued a $135.00 target price on shares of Expedia Group in a research note on Friday, August 9th. Cantor Fitzgerald reissued a “neutral” rating and issued a $130.00 price target on shares of Expedia Group in a report on Monday, October 7th. Susquehanna upped their price target on Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $140.00 price target on shares of Expedia Group in a report on Friday, August 9th. Nineteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Expedia Group has a consensus rating of “Hold” and an average target price of $152.54.

Expedia Group Trading Up 4.2 %

The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. The business’s 50-day moving average is $148.31 and its two-hundred day moving average is $132.84. The firm has a market cap of $22.37 billion, a P/E ratio of 30.69, a P/E/G ratio of 0.62 and a beta of 1.78.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter in the prior year, the business posted $2.34 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. As a group, analysts predict that Expedia Group, Inc. will post 8.99 earnings per share for the current fiscal year.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction 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 directly owns 84,543 shares in the company, valued at $11,379,487.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert J. Dzielak sold 12,602 shares of the firm’s 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 in the company, valued at approximately $11,829,740. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,019 shares of company stock worth $6,958,891. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. ORG Partners LLC boosted its stake in Expedia Group by 4,525.0% in the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after buying an additional 181 shares in the last quarter. Innealta Capital LLC acquired a new stake in Expedia Group in the second quarter valued at approximately $27,000. Blue Trust Inc. increased its holdings in shares of Expedia Group by 93.8% during the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after buying an additional 105 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Expedia Group in the 1st quarter valued at $40,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after acquiring an additional 291 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.