Expedia Group (NASDAQ:EXPE) Shares Up 8.7% After Analyst Upgrade

Shares of Expedia Group, Inc. (NASDAQ:EXPE) traded up 8.7% during trading on Friday after BTIG Research raised their price target on the stock from $175.00 to $200.00. BTIG Research currently has a buy rating on the stock. Expedia Group traded as high as $190.40 and last traded at $189.24. 1,524,780 shares traded hands during trading, a decline of 30% from the average session volume of 2,169,300 shares. The stock had previously closed at $174.13.

A number of other brokerages have also issued reports on EXPE. UBS Group boosted their target price on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. 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. JPMorgan Chase & Co. upped their price target on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday. Truist Financial started coverage on shares of Expedia Group in a report on Friday, September 6th. They set a “hold” rating and a $148.00 price objective on the stock. Finally, Susquehanna raised their target price on shares of Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Twenty research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $159.88.

Insider Activity

In related news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction 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 directly owns 89,960 shares in the company, valued at $11,829,740. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert J. Dzielak sold 5,417 shares of the business’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 transaction, the insider now directly 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,019 shares of company stock worth $6,958,891. 6.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Expedia Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Altman Advisors Inc. raised its holdings in Expedia Group by 1.5% in the 3rd quarter. Altman Advisors Inc. now owns 13,484 shares of the online travel company’s stock worth $1,996,000 after purchasing an additional 194 shares during the period. First Horizon Advisors Inc. raised its holdings in Expedia Group by 10.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,344 shares of the online travel company’s stock worth $199,000 after purchasing an additional 129 shares during the period. PNC Financial Services Group Inc. raised its holdings in Expedia Group by 3.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,855 shares of the online travel company’s stock worth $2,051,000 after purchasing an additional 399 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Expedia Group in the 3rd quarter worth about $1,814,000. Finally, Caprock Group LLC raised its holdings in Expedia Group by 33.7% in the 3rd quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock worth $1,508,000 after purchasing an additional 2,569 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Up 3.8 %

The company has a market cap of $23.53 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 0.62 and a beta of 1.78. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. The business has a fifty day moving average of $149.81 and a two-hundred day moving average of $133.47.

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

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.