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

Expedia Group (NASDAQ:EXPE) had its target price hoisted by equities researchers at UBS Group from $137.00 to $156.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the online travel company’s stock. UBS Group’s target price points to a potential downside of 2.77% from the stock’s previous close.

Other research analysts also recently issued reports about the company. StockNews.com upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Susquehanna raised their price target on Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $140.00 price target on shares of Expedia Group in a research note on Friday, August 9th. Wedbush raised their price target on Expedia Group from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company raised their price target on Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Nineteen 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 an average rating of “Hold” and an average price target of $152.15.

Expedia Group Stock Up 1.3 %

NASDAQ:EXPE opened at $160.45 on Wednesday. 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 company has a market cap of $21.87 billion, a PE ratio of 30.05, a PEG ratio of 0.60 and a beta of 1.79. Expedia Group has a 52-week low of $92.48 and a 52-week high of $164.65. The stock has a 50-day simple moving average of $143.19 and a 200 day simple moving average of $130.70.

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%. Expedia Group’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $2.34 earnings per share. On average, sell-side analysts expect that Expedia Group will post 8.98 EPS for the current fiscal year.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the completion of the transaction, the director now directly owns 208,505 shares of the company’s stock, valued at $31,319,536.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the completion of the transaction, the director now directly owns 208,505 shares of the company’s stock, valued at $31,319,536.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. This 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 in the last three months. Corporate insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. increased its stake in shares of Expedia Group by 36.8% in the 2nd 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 increased its stake in shares of Expedia Group by 14.8% in 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 purchasing an additional 135,973 shares during the last quarter. Clearbridge Investments LLC increased 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 last quarter. AustralianSuper Pty Ltd increased 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 last quarter. Finally, Acadian Asset Management LLC increased 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 purchasing an additional 552,831 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

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.