Analysts Set Expedia Group, Inc. (NASDAQ:EXPE) Price Target at $148.00

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have been given an average recommendation of “Hold” by the twenty-six ratings firms that are currently covering the company, MarketBeat Ratings reports. Eighteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $148.00.

Several equities analysts have commented on the stock. Wells Fargo & Company lowered their price objective on shares of Expedia Group from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $130.00 price target on shares of Expedia Group in a research report on Monday. UBS Group decreased their price objective on Expedia Group from $140.00 to $137.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Wedbush lifted their target price on Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, Citigroup increased their price target on Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, August 9th.

Insider Activity

In other news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Expedia Group news, 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 transaction of $729,128.20. Following the completion of the sale, 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 can be accessed through this link. Also, 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 value of $1,657,163.00. Following the sale, the insider now directly owns 89,960 shares in the company, valued at approximately $11,829,740. The disclosure for this sale can be found here. Company insiders own 8.07% of the company’s stock.

Institutional Trading of Expedia Group

Several hedge funds have recently modified their holdings of EXPE. ORG Partners LLC lifted its position in Expedia Group by 4,525.0% during the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 181 shares during the last quarter. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of Expedia Group during the fourth quarter worth $26,000. Innealta Capital LLC purchased a new stake in shares of Expedia Group during the 2nd quarter valued at $27,000. Blue Trust Inc. boosted its position in shares of Expedia Group by 93.8% in the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after purchasing an additional 105 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new position in Expedia Group during the 1st quarter worth $40,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Trading Up 2.7 %

Shares of Expedia Group stock opened at $147.92 on Friday. Expedia Group has a twelve month low of $92.48 and a twelve month high of $160.05. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. The business has a 50-day moving average price of $132.34 and a 200-day moving average price of $128.18. The firm has a market cap of $20.16 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 0.51 and a beta of 1.79.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.34. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.34 EPS. Equities research analysts anticipate that Expedia Group will post 8.98 EPS for the current fiscal year.

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.