Expedia Group, Inc. (NASDAQ:EXPE) Receives $148.75 Consensus Target Price from Analysts

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have received an average recommendation of “Hold” from the twenty-four research firms that are presently covering the company, MarketBeat Ratings reports. Sixteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $148.75.

Several research firms have recently weighed in on EXPE. UBS Group reduced their price objective on Expedia Group from $140.00 to $137.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. BTIG Research reduced their price target on shares of Expedia Group from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. HSBC dropped their price objective on shares of Expedia Group from $166.00 to $132.00 and set a “hold” rating for the company in a research report on Tuesday, May 7th. Wedbush upped their price target on shares of Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Finally, DA Davidson reissued a “neutral” rating and issued a $135.00 price objective on shares of Expedia Group in a research report on Friday, August 9th.

Expedia Group Stock Performance

Shares of EXPE stock opened at $139.09 on Monday. The firm has a market capitalization of $18.96 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 0.55 and a beta of 1.78. The company has a 50 day moving average price of $129.08 and a 200 day moving average price of $128.00. Expedia Group has a one year low of $92.48 and a one year high of $160.05. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76.

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, topping 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 business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same period in the prior year, the firm posted $2.34 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that Expedia Group will post 8.91 EPS for the current year.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the 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 sale, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The sale was disclosed in a 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 business’s stock in a transaction that occurred on 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of the company’s 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. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Amalgamated Bank lifted its position in Expedia Group by 22.3% in the 4th quarter. Amalgamated Bank now owns 47,184 shares of the online travel company’s stock valued at $7,162,000 after purchasing an additional 8,595 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Expedia Group by 115.8% during the fourth quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock valued at $5,967,000 after buying an additional 21,095 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of Expedia Group by 80.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 16,338 shares of the online travel company’s stock worth $2,480,000 after buying an additional 7,270 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Expedia Group by 1.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock worth $47,302,000 after buying an additional 6,432 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Expedia Group by 18.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock valued at $21,333,000 after acquiring an additional 23,939 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.