BMO Capital Markets Issues Positive Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its price target increased by BMO Capital Markets from $165.00 to $190.00 in a report released on Monday,Benzinga reports. The firm presently has a “market perform” rating on the online travel company’s stock. BMO Capital Markets’ price target would indicate a potential downside of 7.36% from the stock’s current price.

Several other research analysts have also issued reports on EXPE. Melius Research raised Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Argus upped their price objective on shares of Expedia Group from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. The Goldman Sachs Group lifted their target price on shares of Expedia Group from $208.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. StockNews.com downgraded Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Wells Fargo & Company boosted their price objective on Expedia Group from $168.00 to $199.00 and gave the company an “equal weight” rating in a research note on Friday. Nineteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $189.54.

Expedia Group Stock Up 1.3 %

Shares of NASDAQ EXPE opened at $205.10 on Monday. Expedia Group has a 12 month low of $107.25 and a 12 month high of $205.12. The company has a market cap of $26.32 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 0.82 and a beta of 1.82. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The stock has a 50-day moving average price of $182.42 and a two-hundred day moving average price of $160.81.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a return on equity of 55.42% and a net margin of 9.01%. As a group, analysts forecast that Expedia Group will post 10.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the business’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 value of $351,180.00. Following the completion of the transaction, the insider now owns 85,250 shares of the company’s stock, valued at $15,345,000. The trade was a 2.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the completion of the transaction, the director now directly owns 158,505 shares in the company, valued at $26,912,563.95. The trade was a 5.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,951 shares of company stock valued at $5,174,510. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. CWM LLC raised its holdings in Expedia Group by 12.1% during the 3rd quarter. CWM LLC now owns 7,865 shares of the online travel company’s stock valued at $1,164,000 after buying an additional 849 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Expedia Group by 1,353.9% in the third quarter. Exchange Traded Concepts LLC now owns 1,105 shares of the online travel company’s stock worth $164,000 after buying an additional 1,029 shares in the last quarter. Walter Public Investments Inc. boosted its position in Expedia Group by 3.0% during the 3rd quarter. Walter Public Investments Inc. now owns 91,981 shares of the online travel company’s stock valued at $13,615,000 after acquiring an additional 2,709 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Expedia Group by 5.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 2,076 shares of the online travel company’s stock worth $307,000 after acquiring an additional 102 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Expedia Group by 2.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,163 shares of the online travel company’s stock valued at $1,948,000 after purchasing an additional 331 shares during the period. Hedge funds and other 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.