BTIG Research Raises Expedia Group (NASDAQ:EXPE) Price Target to $175.00

Expedia Group (NASDAQ:EXPE) had its price objective increased by BTIG Research from $150.00 to $175.00 in a report released on Friday morning, Benzinga reports. They currently have a buy rating on the online travel company’s stock.

Several other equities analysts have also recently commented on the stock. Benchmark reissued a buy rating and issued a $180.00 price target on shares of Expedia Group in a research report on Friday, August 9th. Cantor Fitzgerald reiterated a neutral rating and issued a $130.00 target price on shares of Expedia Group in a report on Monday, September 23rd. UBS Group cut their price target on Expedia Group from $140.00 to $137.00 and set a neutral rating on the stock in a report on Friday, August 9th. StockNews.com upgraded Expedia Group from a buy rating to a strong-buy rating in a research note on Thursday, September 26th. Finally, 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 note on Friday, August 9th. Nineteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $149.73.

Expedia Group Price Performance

EXPE opened at $148.02 on Friday. The stock’s 50-day moving average price is $133.37 and its 200 day moving average price is $128.51. Expedia Group has a 12-month low of $92.48 and a 12-month high of $160.05. The firm has a market cap of $20.17 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 0.56 and a beta of 1.79. 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 (NASDAQ:EXPE) last issued its quarterly earnings results 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 business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 earnings per share. As a group, sell-side analysts expect that Expedia Group will post 8.98 earnings per share for the current year.

Insider Activity at Expedia Group

In other Expedia Group news, 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 transaction of $1,657,163.00. Following the transaction, the insider now owns 89,960 shares of the company’s stock, valued at $11,829,740. The transaction was disclosed in a filing with the SEC, which is available at this link. In other 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 value of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 12,602 shares of the 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 sale, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The disclosure for this sale can be found here. Insiders sold a total of 28,019 shares of company stock valued at $3,888,391 in the last three months. 8.07% of the stock is currently owned by company insiders.

Institutional Trading of Expedia Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ValueAct Holdings L.P. purchased a new position in Expedia Group during the 4th quarter worth $645,346,000. Pacer Advisors Inc. raised its holdings in Expedia Group by 36.8% during the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after purchasing an additional 714,229 shares in the last quarter. Acadian Asset Management LLC lifted its position in Expedia Group by 414.4% in the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock valued at $94,512,000 after purchasing an additional 552,831 shares during the period. Point72 Asset Management L.P. boosted its holdings in Expedia Group by 1,649.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock valued at $51,354,000 after purchasing an additional 384,305 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings in Expedia Group by 88.8% in the 2nd quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock valued at $94,903,000 after purchasing an additional 354,389 shares in the last quarter. 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.