BTIG Research Issues Positive Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its price objective upped by BTIG Research from $175.00 to $200.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the online travel company’s stock. BTIG Research’s price target would indicate a potential upside of 8.13% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $140.00 price target on shares of Expedia Group in a research note on Friday, August 9th. Truist Financial began coverage on shares of Expedia Group in a research report on Friday, September 6th. They set a “hold” rating and a $148.00 target price on the stock. Piper Sandler reiterated a “neutral” rating and set a $140.00 price target (down previously from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Benchmark upped their target price on shares of Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Friday. Finally, StockNews.com raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Friday, November 1st. Twenty 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $159.88.

Expedia Group Price Performance

Shares of EXPE stock traded up $10.83 during trading hours on Friday, reaching $184.96. 2,818,812 shares of the company were exchanged, compared to its average volume of 2,175,263. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $190.40. 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 stock’s fifty day moving average is $148.31 and its two-hundred day moving average is $132.84. The company has a market cap of $24.08 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 0.62 and a beta of 1.78.

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

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now owns 89,960 shares of the company’s stock, valued at $11,829,740. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the sale, the insider now directly owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,019 shares of company stock valued at $6,958,891 over the last 90 days. 6.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in Expedia Group in the 2nd quarter valued at about $27,000. Blue Trust Inc. increased its position in shares of Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after purchasing an additional 105 shares during the period. Crewe Advisors LLC bought a new position in shares of Expedia Group in the first quarter worth $40,000. LRI Investments LLC acquired a new position in Expedia Group in the first quarter valued at about $48,000. Finally, Cedar Wealth Management LLC bought a new stake in Expedia Group during the first quarter worth about $49,000. Institutional investors own 90.76% of the company’s stock.

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.