Expedia Group (NASDAQ:EXPE) Price Target Raised to $156.00 at UBS Group

Expedia Group (NASDAQ:EXPE) had its price target upped by UBS Group from $137.00 to $156.00 in a report released on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the online travel company’s stock.

A number of other research firms have also commented on EXPE. Jefferies Financial Group increased their price target on Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday. Truist Financial initiated coverage on Expedia Group in a research report on Friday, September 6th. They set a “hold” rating and a $148.00 price target on the stock. Wedbush increased their price target on Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. 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. Finally, TD Cowen lowered Expedia Group from a “buy” rating to a “hold” rating and increased their price objective for the company from $130.00 to $150.00 in a research report on Wednesday, September 25th. Nineteen equities research 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $152.15.

Expedia Group Trading Down 1.8 %

EXPE stock opened at $158.36 on Wednesday. Expedia Group has a 1-year low of $92.48 and a 1-year high of $164.65. The firm has a market cap of $21.58 billion, a P/E ratio of 29.66, a P/E/G ratio of 0.60 and a beta of 1.79. The business’s 50 day moving average is $143.19 and its 200-day moving average is $130.70. 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 released its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same period in the prior year, the company posted $2.34 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Equities analysts anticipate that Expedia Group will post 8.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 5,417 shares of the firm’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 sale, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the 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 completion of the transaction, the insider now owns 89,960 shares in the company, valued at approximately $11,829,740. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Dzielak sold 5,417 shares of the 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 transaction, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,019 shares of company stock valued at $5,390,191. 8.07% of the stock is owned by company insiders.

Hedge Funds Weigh In On Expedia Group

A number of large investors have recently added to or reduced their stakes in EXPE. DoubleLine ETF Adviser LP bought a new position in shares of Expedia Group in the 2nd quarter valued at about $465,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of 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 valued at $47,302,000 after acquiring an additional 6,432 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of 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 in the last quarter. Swedbank AB grew its holdings in shares of Expedia Group by 5.0% in the 2nd quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock valued at $21,302,000 after acquiring an additional 8,026 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Expedia Group by 33.7% in the 1st quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock valued at $1,092,000 after acquiring an additional 1,996 shares in the last quarter. Institutional investors 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.