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

Expedia Group (NASDAQ:EXPE) had its price target upped by investment analysts at BTIG Research from $150.00 to $175.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the online travel company’s stock. BTIG Research’s target price would suggest a potential upside of 17.38% from the stock’s current price.

A number of other analysts have also recently weighed in on EXPE. Wells Fargo & Company dropped their target price on shares of Expedia Group from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Cantor Fitzgerald reissued a “neutral” rating and issued a $130.00 target price on shares of Expedia Group in a report on Monday, September 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $140.00 target price on shares of Expedia Group in a report on Friday, August 9th. Citigroup raised their price target on Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, UBS Group lowered their price objective on Expedia Group from $140.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Nineteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $149.73.

Expedia Group Stock Up 0.4 %

NASDAQ:EXPE opened at $149.09 on Friday. 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 capitalization of $20.32 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 0.56 and a beta of 1.79. Expedia Group has a one year low of $92.48 and a one year high of $160.05. The stock has a 50-day simple moving average of $133.10 and a 200 day simple moving average of $128.53.

Expedia Group (NASDAQ:EXPE) last issued its earnings results 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. The company had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.34 EPS. Sell-side analysts predict that Expedia Group will post 8.98 EPS for the current fiscal year.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group 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 in the company, valued at $11,379,487.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Robert J. Dzielak sold 12,602 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the transaction, the insider now owns 89,960 shares in the company, valued at approximately $11,829,740. The transaction was disclosed in a 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 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 approximately $11,379,487.80. The disclosure for this sale can be found here. Company insiders own 8.07% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. ValueAct Holdings L.P. acquired a new position in Expedia Group in the 4th quarter worth approximately $645,346,000. Pacer Advisors Inc. grew its holdings in shares of Expedia Group by 36.8% during the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after buying an additional 714,229 shares in the last quarter. Lyrical Asset Management LP raised its position in Expedia Group by 0.8% during the fourth quarter. Lyrical Asset Management LP now owns 1,796,068 shares of the online travel company’s stock valued at $272,625,000 after buying an additional 13,792 shares during the period. Fisher Asset Management LLC raised its position in Expedia Group by 4.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,439,448 shares of the online travel company’s stock valued at $218,494,000 after buying an additional 59,352 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in 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 worth $132,851,000 after acquiring an additional 135,973 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

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.