Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Expedia Group (NASDAQ:EXPE) had its price target upped by stock analysts at JPMorgan Chase & Co. from $135.00 to $170.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the online travel company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 5.95% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group lifted their price target on shares of Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Cantor Fitzgerald reissued a “neutral” rating and issued a $130.00 price target on shares of Expedia Group in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft lowered Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday. Oppenheimer lifted their price objective on Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Susquehanna increased their target price on Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Twenty analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $159.88.

Expedia Group Stock Up 3.8 %

Shares of NASDAQ:EXPE opened at $180.76 on Friday. The firm has a market capitalization of $23.53 billion, a P/E ratio of 32.28, a P/E/G ratio of 0.67 and a beta of 1.78. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a 50 day moving average price of $149.81 and a 200-day moving average price of $133.47. Expedia Group has a 52-week low of $107.25 and a 52-week high of $190.40.

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

Insider Activity

In related news, insider Robert J. Dzielak sold 5,417 shares of the firm’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 transaction, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the business’s 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was 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 directly owns 84,543 shares in the company, valued at $11,379,487.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,019 shares of company stock valued at $6,958,891 in the last quarter. 6.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Innealta Capital LLC purchased a new position in Expedia Group during the second quarter valued at approximately $27,000. Blue Trust Inc. raised its position in shares of Expedia Group by 93.8% during the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 105 shares during the period. Crewe Advisors LLC purchased a new position in shares of Expedia Group during the 1st quarter valued at $40,000. Venturi Wealth Management LLC boosted its holdings in Expedia Group by 709.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after buying an additional 291 shares during the period. Finally, LRI Investments LLC bought a new position in Expedia Group in the 1st quarter worth $48,000. 90.76% of the stock is currently owned by 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.