Expedia Group (NASDAQ:EXPE) Price Target Raised to $200.00

Expedia Group (NASDAQ:EXPE) had its target price upped by equities researchers at Benchmark from $180.00 to $200.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the online travel company’s stock. Benchmark’s price objective suggests a potential upside of 7.59% from the stock’s previous close.

EXPE has been the topic of a number of other research reports. BTIG Research increased their target price on Expedia Group from $150.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 27th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $130.00 price objective on shares of Expedia Group in a research note on Monday, October 7th. Piper Sandler restated a “neutral” rating and set a $140.00 target price (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Jefferies Financial Group increased their price target on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Barclays dropped their price target on shares of Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Twenty investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $153.31.

Expedia Group Stock Performance

Expedia Group stock traded up $11.76 during midday trading on Friday, reaching $185.89. 455,385 shares of the company traded hands, compared to its average volume of 2,164,372. Expedia Group has a 12 month low of $107.25 and a 12 month high of $187.21. 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 has a 50 day moving average of $148.31 and a two-hundred day moving average of $132.84. The firm has a market capitalization of $24.20 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78.

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

Insider Buying and Selling

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the sale, the director now directly owns 208,505 shares in the company, valued at approximately $31,319,536.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the sale, the director now directly owns 208,505 shares of the company’s stock, valued at $31,319,536.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $729,128.20. Following the sale, the insider now owns 84,543 shares in the company, valued at approximately $11,379,487.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,019 shares of company stock worth $6,958,891. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Empirical Finance LLC lifted its holdings in shares of Expedia Group by 3.2% in the 1st quarter. Empirical Finance LLC now owns 5,101 shares of the online travel company’s stock worth $703,000 after acquiring an additional 157 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Expedia Group by 17.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,988 shares of the online travel company’s stock worth $549,000 after purchasing an additional 579 shares during the last quarter. LSV Asset Management purchased a new position in shares of Expedia Group during the first quarter valued at approximately $8,361,000. Oppenheimer Asset Management Inc. grew its stake in shares of Expedia Group by 36.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 13,037 shares of the online travel company’s stock valued at $1,796,000 after buying an additional 3,496 shares during the last quarter. Finally, Forsta AP Fonden raised its holdings in shares of Expedia Group by 7.8% in the first quarter. Forsta AP Fonden now owns 37,500 shares of the online travel company’s stock worth $5,166,000 after buying an additional 2,700 shares during the period. 90.76% 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 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.