Expedia Group (NASDAQ:EXPE) Given New $187.00 Price Target at Barclays

Expedia Group (NASDAQ:EXPE) had its target price lifted by equities researchers at Barclays from $166.00 to $187.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the online travel company’s stock. Barclays‘s price target would indicate a potential downside of 7.59% from the company’s previous close.

Other analysts have also issued reports about the company. Wedbush raised their target price on Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Jefferies Financial Group raised their price objective on Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. B. Riley reaffirmed a “buy” rating and set a $235.00 target price (up from $220.00) on shares of Expedia Group in a research note on Friday. BTIG Research lifted their target price on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Expedia Group presently has an average rating of “Moderate Buy” and an average target price of $186.68.

Expedia Group Stock Up 17.3 %

NASDAQ EXPE traded up $29.80 on Friday, hitting $202.37. The stock had a trading volume of 9,358,660 shares, compared to its average volume of 2,021,084. Expedia Group has a 52-week low of $107.25 and a 52-week high of $205.12. The business’s fifty day moving average price is $182.07 and its 200 day moving average price is $159.92. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $25.97 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 0.77 and a beta of 1.82.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. Equities research analysts anticipate that Expedia Group will post 8.76 earnings per share for the current year.

Insider Buying and Selling at Expedia Group

In related news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the sale, the chief accounting officer now owns 11,187 shares in the company, valued at $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the sale, the insider now owns 85,250 shares in the company, valued at $15,345,000. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,951 shares of company stock valued at $5,174,510 over the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

Several institutional investors have recently made changes to their positions in the stock. Clare Market Investments LLC bought a new position in shares of Expedia Group in the 4th quarter valued at approximately $319,000. Independent Advisor Alliance lifted its holdings in shares of Expedia Group by 26.5% during the 4th quarter. Independent Advisor Alliance now owns 2,370 shares of the online travel company’s stock worth $442,000 after acquiring an additional 497 shares during the period. Daiwa Securities Group Inc. boosted its stake in Expedia Group by 5.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 18,236 shares of the online travel company’s stock valued at $3,398,000 after buying an additional 926 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Expedia Group by 16.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,188 shares of the online travel company’s stock valued at $6,184,000 after purchasing an additional 4,705 shares during the last quarter. Finally, Simplicity Wealth LLC acquired a new stake in shares of Expedia Group in the 4th quarter valued at $244,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.