Expedia Group (NASDAQ:EXPE) PT Raised to $156.00

Expedia Group (NASDAQ:EXPE) had its price objective upped by UBS Group from $137.00 to $156.00 in a research report released on Wednesday, Benzinga reports. They currently have a neutral rating on the online travel company’s stock.

Several other research firms have also recently weighed in on EXPE. Truist Financial initiated coverage on shares of Expedia Group in a research note on Friday, September 6th. They issued a “hold” rating and a $148.00 target price for the company. Wells Fargo & Company raised their price objective on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Barclays decreased their price objective on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $140.00 target price on shares of Expedia Group in a research note on Friday, August 9th. Finally, BTIG Research lifted their price target on shares of Expedia Group from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Nineteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Expedia Group has a consensus rating of “Hold” and an average price target of $152.54.

Expedia Group Stock Performance

EXPE opened at $158.39 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. The stock’s 50 day moving average price is $144.30 and its two-hundred day moving average price is $131.07. The firm has a market capitalization of $20.62 billion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 0.63 and a beta of 1.79. Expedia Group has a 12-month low of $92.48 and a 12-month high of $164.65.

Expedia Group (NASDAQ:EXPE) last announced 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 business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. Expedia Group’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $2.34 earnings per share. On average, equities analysts forecast that Expedia Group will post 8.98 earnings per share for the current year.

Insider Activity at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the sale, the director now owns 198,505 shares of the company’s stock, valued at $29,811,480.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the transaction, the director now owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of Expedia Group 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 sale, the insider now directly owns 84,543 shares of the company’s stock, valued at $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. Insiders sold 38,019 shares of company stock valued at $5,390,191 over the last ninety days. 6.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its stake in shares of 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 buying an additional 714,229 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Expedia Group by 14.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock valued at $132,851,000 after acquiring an additional 135,973 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Expedia Group by 3.1% in the 1st quarter. Clearbridge Investments LLC now owns 971,327 shares of the online travel company’s stock valued at $133,800,000 after purchasing an additional 29,294 shares during the period. AustralianSuper Pty Ltd lifted its stake in shares of 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 during the period. Finally, Acadian Asset Management LLC boosted its position 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 worth $94,512,000 after purchasing an additional 552,831 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

About Expedia Group

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.