Expedia Group (NASDAQ:EXPE) Price Target Raised to $153.00 at Barclays

Expedia Group (NASDAQ:EXPE) had its target price lifted by Barclays from $134.00 to $153.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the online travel company’s stock. Barclays‘s target price would suggest a potential downside of 17.28% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Wedbush upped their price objective on Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a report on Friday. Citigroup upped their price target on Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. increased their price target on Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday. Benchmark boosted their price objective on shares of Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday. Finally, 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. Twenty analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and an average target price of $159.88.

Expedia Group Trading Up 6.2 %

Expedia Group stock traded up $10.83 during trading on Friday, reaching $184.96. 2,818,812 shares of the company were exchanged, compared to its average volume of 2,175,263. Expedia Group has a 52-week low of $107.25 and a 52-week high of $190.40. 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’s 50 day simple moving average is $148.31 and its two-hundred day simple moving average is $132.84. The company has a market capitalization of $24.08 billion, a P/E ratio of 23.80, a PEG ratio of 0.62 and a beta of 1.78.

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 analysts’ consensus estimates of $3.17 by $0.34. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same period in the previous year, the firm earned $2.34 earnings per share. Expedia Group’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts expect that Expedia Group will post 8.99 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction on Monday, August 19th. The stock was 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 of the company’s stock, valued at $11,379,487.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Robert J. Dzielak sold 12,602 shares of the firm’s 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 sale, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of the company’s 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 completion of the transaction, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. This trade represents a 0.00 % decrease in their ownership of the stock. 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 corporate insiders.

Institutional Trading of Expedia Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new position in shares of Expedia Group in the 2nd quarter valued at $27,000. Blue Trust Inc. lifted its position in Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 105 shares during the last quarter. Crewe Advisors LLC acquired a new position in Expedia Group in the first quarter valued at $40,000. LRI Investments LLC purchased a new position in shares of Expedia Group during the first quarter worth about $48,000. Finally, Cedar Wealth Management LLC acquired a new stake in shares of Expedia Group during the first quarter worth about $49,000. Institutional investors and hedge funds 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.