Expedia Group (NASDAQ:EXPE) Price Target Raised to $205.00 at DA Davidson

Expedia Group (NASDAQ:EXPE) had its price target increased by equities research analysts at DA Davidson from $190.00 to $205.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the online travel company’s stock. DA Davidson’s price target would suggest a potential upside of 18.79% from the stock’s previous close.

Several other equities research analysts have also commented on the company. Wells Fargo & Company reduced their price objective on Expedia Group from $172.00 to $168.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Oppenheimer raised their target price on shares of Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of Expedia Group in a report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Morgan Stanley increased their target price on shares of Expedia Group from $180.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Nineteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.25.

Expedia Group Price Performance

EXPE stock opened at $172.57 on Friday. The company has a market cap of $22.15 billion, a P/E ratio of 22.21, a PEG ratio of 0.77 and a beta of 1.82. The firm has a 50-day moving average of $182.07 and a 200 day moving average of $159.92. Expedia Group has a 1 year low of $107.25 and a 1 year high of $192.34. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (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%. On average, sell-side analysts forecast that Expedia Group will post 8.76 EPS for the current year.

Insider Transactions at Expedia Group

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EXPE. SRH Advisors LLC purchased a new stake in Expedia Group during the fourth quarter valued at about $28,000. Grove Bank & Trust grew its holdings in shares of Expedia Group by 676.2% during the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 142 shares in the last quarter. Venturi Wealth Management LLC increased its position in Expedia Group by 709.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after purchasing an additional 291 shares during the last quarter. Brooklyn Investment Group bought a new position in Expedia Group during the third quarter valued at approximately $51,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Expedia Group during the 4th quarter valued at $72,000. 90.76% of the stock is 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.