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

Expedia Group (NASDAQ:EXPE) had its price objective raised by Benchmark from $180.00 to $200.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the online travel company’s stock.

Several other analysts also recently issued reports on the stock. Bank of America boosted their target price on shares of Expedia Group from $144.00 to $166.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Royal Bank of Canada reiterated a “sector perform” rating and set a $140.00 price target on shares of Expedia Group in a report on Friday, August 9th. BTIG Research increased their price objective on Expedia Group from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Barclays lowered their target price on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft downgraded Expedia Group from a “buy” rating to a “hold” rating in a report on Friday. Twenty investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $159.88.

Expedia Group Trading Up 3.8 %

Shares of EXPE opened at $180.76 on Friday. The business’s 50-day moving average price is $149.81 and its 200 day moving average price is $133.46. 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 stock has a market capitalization of $23.53 billion, a P/E ratio of 32.28, a P/E/G ratio of 0.67 and a beta of 1.78. Expedia Group has a 1-year low of $107.25 and a 1-year high of $190.40.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.34. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $2.34 earnings per share. Analysts expect that Expedia Group will post 8.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction dated 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 directly 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 SEC, which is accessible through this hyperlink. Also, 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 transaction of $729,128.20. Following the completion of the transaction, the insider now directly owns 84,543 shares in the company, valued at $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 48,019 shares of company stock valued at $6,958,891. 6.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

Several large investors have recently bought and sold shares of EXPE. Pacer Advisors Inc. grew its holdings in Expedia Group by 36.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after acquiring an additional 714,229 shares during the period. Acadian Asset Management LLC boosted its position in shares of Expedia Group by 414.4% in the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock worth $94,512,000 after purchasing an additional 552,831 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of Expedia Group by 1,649.4% during 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 purchasing an additional 384,305 shares during the period. AustralianSuper Pty Ltd increased its holdings 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 valued at $94,903,000 after purchasing an additional 354,389 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Expedia Group in the second quarter valued at about $39,183,000. 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.