Oppenheimer Issues Positive Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its price objective hoisted by Oppenheimer from $155.00 to $210.00 in a research report sent to investors on Friday,Benzinga reports. The firm currently has an outperform rating on the online travel company’s stock.

A number of other equities analysts also recently weighed in on the company. DA Davidson reissued a “neutral” rating and set a $135.00 price target on shares of Expedia Group in a research report on Friday, August 9th. Piper Sandler reaffirmed a “neutral” rating and issued a $140.00 target price (down previously from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $140.00 target price on shares of Expedia Group in a research report on Friday, August 9th. UBS Group upped their target price on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Barclays reduced their price target on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Twenty analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $159.88.

Expedia Group Stock Up 3.8 %

EXPE traded up $6.63 on Friday, hitting $180.76. 4,871,457 shares of the company were exchanged, compared to its average volume of 1,550,834. Expedia Group has a 12 month low of $107.25 and a 12 month high of $190.40. The company 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 debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s fifty day moving average is $149.81 and its 200-day moving average is $133.47.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results 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. The firm 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 business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.34 earnings per share. Equities research analysts predict that Expedia Group will post 8.99 EPS for the current fiscal year.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group 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 transaction, the insider now owns 89,960 shares of the company’s stock, valued at $11,829,740. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the transaction, the director now directly owns 208,505 shares in the company, valued at approximately $31,319,536.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,019 shares of company stock valued at $6,958,891. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EXPE. Pacer Advisors Inc. grew its stake in Expedia Group by 36.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after buying an additional 714,229 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Expedia Group by 414.4% during the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock valued at $94,512,000 after purchasing an additional 552,831 shares in the last quarter. Point72 Asset Management L.P. grew its position in 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 acquiring an additional 384,305 shares in the last quarter. AustralianSuper Pty Ltd grew its position in Expedia Group by 88.8% in the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after acquiring an additional 354,389 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Expedia Group in the second quarter worth $39,183,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

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.