Jefferies Financial Group Raises Expedia Group (NASDAQ:EXPE) Price Target to $160.00

Expedia Group (NASDAQ:EXPE) had its price objective lifted by investment analysts at Jefferies Financial Group from $145.00 to $160.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the online travel company’s stock. Jefferies Financial Group’s target price suggests a potential upside of 1.04% from the company’s current price.

EXPE has been the topic of a number of other research reports. Benchmark restated a “buy” rating and set a $180.00 price target on shares of Expedia Group in a research note on Friday, August 9th. DA Davidson restated a “neutral” rating and issued a $135.00 price target on shares of Expedia Group in a research note on Friday, August 9th. TD Cowen cut Expedia Group from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $130.00 to $150.00 in a report on Wednesday, September 25th. Wedbush lifted their price objective on Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, Truist Financial began coverage on Expedia Group in a report on Friday, September 6th. They issued a “hold” rating and a $148.00 price target for the company. Nineteen analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $152.15.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $158.36 on Tuesday. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $21.58 billion, a price-to-earnings ratio of 29.66, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79. The business has a 50-day moving average of $143.19 and a 200 day moving average of $130.70. Expedia Group has a 12 month low of $92.48 and a 12 month high of $164.65.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.53 billion. During the same quarter last year, the company earned $2.34 EPS. Expedia Group’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Expedia Group will post 8.98 earnings per share for the current year.

Insider Buying and Selling at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Robert J. Dzielak sold 5,417 shares of the business’s 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 owns 84,543 shares in the company, valued at $11,379,487.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on 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 completion of the sale, the director now directly owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,019 shares of company stock valued at $5,390,191 in the last three months. 8.07% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Expedia Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mediolanum International Funds Ltd boosted its stake in Expedia Group by 33.3% in the third quarter. Mediolanum International Funds Ltd now owns 67,633 shares of the online travel company’s stock valued at $10,067,000 after acquiring an additional 16,882 shares during the last quarter. Ballentine Partners LLC increased its holdings in Expedia Group by 14.7% during the 3rd quarter. Ballentine Partners LLC now owns 1,860 shares of the online travel company’s stock worth $275,000 after acquiring an additional 239 shares during the period. Heritage Oak Wealth Advisors LLC bought a new position in shares of Expedia Group in the 3rd quarter worth $220,000. Boyd Watterson Asset Management LLC OH increased its holdings in shares of Expedia Group by 2.3% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 9,183 shares of the online travel company’s stock worth $1,359,000 after buying an additional 204 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Expedia Group in the 3rd quarter worth $9,181,000. 90.76% of the stock is 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.