Expedia Group, Inc. (NASDAQ:EXPE) Receives $148.79 Consensus Target Price from Brokerages

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have been given an average rating of “Hold” by the twenty-three analysts that are covering the stock, Marketbeat reports. Fifteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $147.70.

Several research analysts recently issued reports on EXPE shares. BMO Capital Markets restated a “market perform” rating and set a $145.00 price objective on shares of Expedia Group in a research report on Wednesday, May 15th. Benchmark restated a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research report on Tuesday, July 2nd. Mizuho cut their price objective on Expedia Group from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Wells Fargo & Company boosted their price target on Expedia Group from $137.00 to $140.00 and gave the company an “equal weight” rating in a report on Tuesday, July 9th. Finally, HSBC cut their price target on Expedia Group from $166.00 to $132.00 and set a “hold” rating for the company in a report on Tuesday, May 7th.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $112.12 on Thursday. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.79. Expedia Group has a 12 month low of $92.48 and a 12 month high of $160.05. The firm has a market capitalization of $15.28 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 0.46 and a beta of 1.78. The business’s 50 day simple moving average is $124.56 and its 200-day simple moving average is $130.42.

Insider Buying and Selling

In related news, Director Craig A. Jacobson sold 6,722 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total transaction of $757,636.62. Following the completion of the sale, the director now directly owns 32,620 shares of the company’s stock, valued at approximately $3,676,600.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total value of $757,636.62. Following the completion of the transaction, the director now directly owns 32,620 shares of the company’s stock, valued at approximately $3,676,600.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 544 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $113.38, for a total transaction of $61,678.72. Following the completion of the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The disclosure for this sale can be found here. 8.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new stake in shares of Expedia Group in the 4th quarter valued at about $538,000. UMB Bank n.a. raised its stake in Expedia Group by 84.7% during the fourth quarter. UMB Bank n.a. now owns 654 shares of the online travel company’s stock worth $99,000 after acquiring an additional 300 shares during the period. GAM Holding AG raised its stake in Expedia Group by 1.2% during the fourth quarter. GAM Holding AG now owns 48,825 shares of the online travel company’s stock worth $7,411,000 after acquiring an additional 560 shares during the period. KRS Capital Management LLC acquired a new stake in Expedia Group during the fourth quarter worth about $212,000. Finally, International Assets Investment Management LLC raised its stake in Expedia Group by 115.8% during the fourth quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock worth $5,967,000 after acquiring an additional 21,095 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

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.