BTIG Research Forecasts Strong Price Appreciation for Expedia Group (NASDAQ:EXPE) Stock

by · The Cerbat Gem

Expedia Group (NASDAQ:EXPE – Get Free Report) had its price objective increased by investment analysts at BTIG Research from $175.00 to $200.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the online travel company’s stock. BTIG Research’s target price would suggest a potential upside of 10.64% from the company’s current price.

A number of other analysts have also recently issued reports on EXPE. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 1st. Bank of America increased their target price on Expedia Group from $144.00 to $166.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Wells Fargo & Company increased their target price on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Piper Sandler reissued a “neutral” rating and set a $140.00 target price (down from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Finally, TD Cowen downgraded Expedia Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $130.00 to $150.00 in a research report on Wednesday, September 25th. Twenty equities research analysts have rated the stock with a hold rating and eight have given a 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 $159.88.

Read Our Latest Stock Report on EXPE

Expedia Group Trading Up 3.8 %

Shares of EXPE stock traded up $6.63 on Friday, reaching $180.76. The company had a trading volume of 4,871,457 shares, compared to its average volume of 1,550,834. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. The stock has a market cap of $23.53 billion, a PE ratio of 32.28, a PEG ratio of 0.67 and a beta of 1.78. The company has a 50-day moving average of $149.81 and a 200-day moving average of $133.47. Expedia Group has a 12 month low of $107.25 and a 12 month high of $190.40.

Expedia Group (NASDAQ:EXPE – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. The company had revenue of $3.56 billion during 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%. Expedia Group’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.34 EPS. On average, equities analysts forecast that Expedia Group will post 8.99 earnings per share for the current year.

Insider Activity

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the business’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 sale, the insider now owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the business’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 completion of the transaction, the insider now 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 legal filing with the SEC, which is available at the SEC website. Also, insider Robert J. Dzielak sold 12,602 shares of the business’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 transaction, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,019 shares of company stock valued at $6,958,891. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its position in shares of Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after purchasing an additional 714,229 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Expedia Group by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock worth $132,851,000 after acquiring an additional 135,973 shares during the last quarter. Clearbridge Investments LLC raised its stake in Expedia Group by 3.1% during the first quarter. Clearbridge Investments LLC now owns 971,327 shares of the online travel company’s stock worth $133,800,000 after purchasing an additional 29,294 shares during the period. AustralianSuper Pty Ltd raised its stake in Expedia Group by 8.5% during the third quarter. AustralianSuper Pty Ltd now owns 817,592 shares of the online travel company’s stock worth $121,020,000 after purchasing an additional 64,332 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of Expedia Group by 414.4% in the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock valued at $94,512,000 after acquiring an additional 552,831 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

About Expedia Group

(Get Free Report)

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.

See Also