Expedia Group (NASDAQ:EXPE) PT Raised to $175.00 at BTIG Research

Expedia Group (NASDAQ:EXPE) had its target price lifted by stock analysts at BTIG Research from $150.00 to $175.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the online travel company’s stock. BTIG Research’s price objective would suggest a potential upside of 16.91% from the stock’s current price.

EXPE has been the subject of a number of other reports. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Thursday. Susquehanna increased their target price on shares of Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Piper Sandler restated a “neutral” rating and issued a $140.00 price target (down previously from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Citigroup increased their price target on Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Finally, UBS Group cut their price objective on Expedia Group from $140.00 to $137.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Nineteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Expedia Group has an average rating of “Hold” and a consensus target price of $149.73.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE traded up $1.21 on Friday, hitting $149.69. 338,961 shares of the company were exchanged, compared to its average volume of 2,271,672. The firm has a market capitalization of $20.40 billion, a P/E ratio of 28.09, a price-to-earnings-growth 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 has a 1-year low of $92.48 and a 1-year high of $160.05. The stock’s 50 day moving average price is $132.84 and its 200 day moving average price is $128.44.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, beating 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%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.34 EPS. Sell-side analysts predict that Expedia Group will post 8.98 EPS for the current year.

Insider Buying and Selling

In related news, 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 transaction, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction 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. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the sale, the insider now directly owns 89,960 shares of the company’s stock, valued at $11,829,740. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

A number of large investors have recently made changes to their positions in EXPE. Parallel Advisors LLC grew its position in Expedia Group by 7.4% during the fourth quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company’s stock worth $176,000 after buying an additional 80 shares during the period. Private Advisor Group LLC raised its holdings in Expedia Group by 0.4% during the first quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock worth $3,354,000 after purchasing an additional 87 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in Expedia Group by 5.8% during the first quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock worth $221,000 after purchasing an additional 88 shares in the last quarter. Commerce Bank grew its holdings in Expedia Group by 4.3% in the fourth quarter. Commerce Bank now owns 2,304 shares of the online travel company’s stock valued at $350,000 after purchasing an additional 96 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of Expedia Group by 5.1% in the first quarter. Bleakley Financial Group LLC now owns 2,028 shares of the online travel company’s stock valued at $279,000 after buying an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

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.