Expedia Group (NASDAQ:EXPE) Price Target Raised to $160.00

by · The Cerbat Gem

Expedia Group (NASDAQ:EXPE – Get Free Report) had its price target hoisted by research analysts at Jefferies Financial Group from $145.00 to $160.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the online travel company’s stock. Jefferies Financial Group’s price target points to a potential downside of 1.23% from the company’s current price.

Other research analysts have also issued research reports about the stock. Citigroup boosted their target price on shares of Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $140.00 target price on shares of Expedia Group in a research report on Friday, August 9th. Susquehanna boosted their target price on shares of Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. StockNews.com raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Barclays cut their target price on shares of Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Nineteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Expedia Group currently has an average rating of “Hold” and a consensus target price of $151.42.

Read Our Latest Analysis on Expedia Group

Expedia Group Stock Down 0.7 %

EXPE stock opened at $162.00 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. Expedia Group has a 1 year low of $92.48 and a 1 year high of $164.65. The company has a fifty day simple moving average of $141.99 and a 200 day simple moving average of $130.30. The firm has a market cap of $22.08 billion, a PE ratio of 30.34, a PEG ratio of 0.60 and a beta of 1.79.

Expedia Group (NASDAQ:EXPE – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.34. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same quarter in the previous year, the business earned $2.34 EPS. Expedia Group’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that Expedia Group will post 8.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the sale, the insider now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,019 shares of company stock valued at $5,390,191. 8.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Expedia Group

A number of large investors have recently modified their holdings of EXPE. Park Avenue Securities LLC lifted its position in shares of Expedia Group by 37.8% during the first quarter. Park Avenue Securities LLC now owns 2,161 shares of the online travel company’s stock worth $298,000 after purchasing an additional 593 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Expedia Group during the first quarter worth approximately $96,000. Signet Financial Management LLC acquired a new position in shares of Expedia Group during the first quarter worth approximately $3,358,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Expedia Group by 8.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,882 shares of the online travel company’s stock worth $1,912,000 after purchasing an additional 1,065 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its holdings in Expedia Group by 6.9% in the first quarter. Kathmere Capital Management LLC now owns 1,930 shares of the online travel company’s stock valued at $266,000 after buying an additional 124 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.

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