Expedia Group (NASDAQ:EXPE) PT Raised to $175.00 at BTIG Research

Expedia Group (NASDAQ:EXPE) had its price objective increased by BTIG Research from $150.00 to $175.00 in a report issued on Friday morning, Benzinga reports. They currently have a buy rating on the online travel company’s stock.

A number of other analysts have also weighed in on the stock. Benchmark reiterated a buy rating and issued a $180.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Wedbush increased their price target on Expedia Group from $125.00 to $130.00 and gave the stock a neutral rating in a research report on Friday, August 9th. Piper Sandler reissued a neutral rating and issued a $140.00 price objective (down previously from $145.00) on shares of Expedia Group in a report on Friday, August 9th. StockNews.com upgraded Expedia Group from a buy rating to a strong-buy rating in a research note on Thursday, September 26th. Finally, Cantor Fitzgerald reiterated a neutral rating and set a $130.00 price target on shares of Expedia Group in a research report on Monday, September 23rd. Nineteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $149.73.

Expedia Group Trading Down 0.7 %

Shares of Expedia Group stock opened at $148.02 on Friday. The firm’s 50 day simple moving average is $133.37 and its two-hundred day simple moving average is $128.51. The firm has a market capitalization of $20.17 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 0.56 and a beta of 1.79. Expedia Group has a 12-month low of $92.48 and a 12-month high of $160.05. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same period in the prior year, the firm earned $2.34 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. Analysts predict that Expedia Group will post 8.98 EPS for the current year.

Insiders Place Their Bets

In related 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 completion of the sale, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the transaction, the insider now owns 89,960 shares in the company, valued at $11,829,740. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction on Monday, August 19th. The shares were 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 owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The disclosure for this sale can be found here. Insiders have sold a total of 28,019 shares of company stock valued at $3,888,391 in the last 90 days. 8.07% of the stock is owned by insiders.

Institutional Investors Weigh In On Expedia Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. ORG Partners LLC raised its position in Expedia Group by 4,525.0% in the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after purchasing an additional 181 shares during the period. University of Texas Texas AM Investment Managment Co. acquired a new position in Expedia Group in the fourth quarter valued at about $26,000. Innealta Capital LLC acquired a new position in Expedia Group in the second quarter valued at about $27,000. Blue Trust Inc. boosted its stake in Expedia Group by 93.8% during the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after buying an additional 105 shares during the period. Finally, Crewe Advisors LLC acquired a new stake in shares of Expedia Group during the first quarter valued at about $40,000. 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.