Expedia Group (NASDAQ:EXPE) Price Target Raised to $200.00 at Benchmark

Expedia Group (NASDAQ:EXPE) had its target price hoisted by research analysts at Benchmark from $180.00 to $200.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the online travel company’s stock. Benchmark’s price objective points to a potential upside of 7.59% from the stock’s current price.

Other analysts also recently issued reports about the company. Bank of America lifted their price objective on Expedia Group from $144.00 to $166.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Jefferies Financial Group boosted their price target on shares of Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a research report on Monday, October 7th. TD Cowen cut shares of Expedia Group from a “buy” rating to a “hold” rating and raised their price target for the company from $130.00 to $150.00 in a report on Wednesday, September 25th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $140.00 price target on shares of Expedia Group in a report on Friday, August 9th. Twenty analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $153.31.

Expedia Group Trading Up 6.8 %

Shares of Expedia Group stock traded up $11.76 on Friday, hitting $185.89. 455,385 shares of the company traded hands, compared to its average volume of 2,164,372. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. The company has a market cap of $24.20 billion, a PE ratio of 32.99, a PEG ratio of 0.62 and a beta of 1.78. The stock’s 50 day moving average price is $148.31 and its 200-day moving average price is $132.84. Expedia Group has a 52 week low of $107.25 and a 52 week high of $187.21.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, beating 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 analyst estimates of $3.53 billion. During the same period in the previous year, the company posted $2.34 EPS. Expedia Group’s revenue was up 6.0% on a year-over-year basis. Equities research analysts predict that Expedia Group will post 8.99 EPS for the current year.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now directly 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 the SEC website. In other news, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 84,543 shares in the company, valued at approximately $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. Insiders have sold a total of 48,019 shares of company stock valued at $6,958,891 over the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

A number of large investors have recently modified their holdings of the stock. Empirical Finance LLC raised its position in shares of Expedia Group by 3.2% during the 1st quarter. Empirical Finance LLC now owns 5,101 shares of the online travel company’s stock worth $703,000 after acquiring an additional 157 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Expedia Group by 17.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,988 shares of the online travel company’s stock valued at $549,000 after purchasing an additional 579 shares during the period. LSV Asset Management purchased a new position in Expedia Group during the 1st quarter worth $8,361,000. Oppenheimer Asset Management Inc. lifted its position in Expedia Group by 36.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,037 shares of the online travel company’s stock valued at $1,796,000 after purchasing an additional 3,496 shares during the period. Finally, Forsta AP Fonden boosted its stake in shares of Expedia Group by 7.8% in the first quarter. Forsta AP Fonden now owns 37,500 shares of the online travel company’s stock valued at $5,166,000 after buying an additional 2,700 shares in the last quarter. 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.