Expedia Group (NASDAQ:EXPE) Price Target Raised to $180.00

Expedia Group (NASDAQ:EXPE) had its price target upped by Wedbush from $130.00 to $180.00 in a research note released on Friday morning,Benzinga reports. Wedbush currently has a neutral rating on the online travel company’s stock.

Several other research firms have also recently weighed in on EXPE. BTIG Research increased their price objective on Expedia Group from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Piper Sandler reiterated a “neutral” rating and set a $140.00 target price (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. UBS Group increased their price target 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. Jefferies Financial Group lifted their price objective on Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, Susquehanna increased their target price on Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Twenty equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $159.88.

Expedia Group Stock Up 3.8 %

EXPE stock opened at $180.76 on Friday. Expedia Group has a 1 year low of $107.25 and a 1 year high of $190.40. The company has a fifty day simple moving average of $149.81 and a 200 day simple moving average of $133.46. The firm has a market cap of $23.53 billion, a PE ratio of 32.28, a PEG ratio of 0.67 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.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share 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 business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the previous year, the company earned $2.34 earnings per share. Expedia Group’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that Expedia Group will post 8.99 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 12,602 shares of the stock in a transaction on Thursday, August 15th. The shares were 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 of the company’s stock, valued at $11,829,740. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the insider now directly owns 89,960 shares in the company, valued at $11,829,740. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were 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 in the company, 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. Over the last three months, insiders sold 48,019 shares of company stock worth $6,958,891. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. raised its stake in shares of Expedia Group by 36.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after purchasing an additional 714,229 shares during the period. Acadian Asset Management LLC increased its position in shares of Expedia Group by 414.4% during the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock valued at $94,512,000 after buying an additional 552,831 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Expedia Group by 1,649.4% in the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after buying an additional 384,305 shares in the last quarter. AustralianSuper Pty Ltd boosted its holdings in Expedia Group by 88.8% in the 2nd quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock valued at $94,903,000 after purchasing an additional 354,389 shares during the period. Finally, Marshall Wace LLP bought a new stake in Expedia Group during the second quarter valued at $39,183,000. 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.