Expedia Group (NASDAQ:EXPE) Reaches New 52-Week High – Here’s What Happened

Expedia Group, Inc. (NASDAQ:EXPE) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $160.50 and last traded at $160.50, with a volume of 264629 shares changing hands. The stock had previously closed at $150.84.

Wall Street Analyst Weigh In

EXPE has been the topic of several recent analyst reports. StockNews.com upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Barclays decreased their price target 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. Citigroup upped their target price on Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Benchmark reissued a “buy” rating and set a $180.00 price target on shares of Expedia Group in a research note on Friday, August 9th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $140.00 price target on shares of Expedia Group in a report on Friday, August 9th. Nineteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $150.85.

Expedia Group Price Performance

The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $21.75 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 0.60 and a beta of 1.79. The business’s fifty day simple moving average is $141.26 and its 200 day simple moving average is $130.08.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.53 billion. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.34 EPS. On average, research analysts forecast that Expedia Group, Inc. will post 8.98 EPS for the current year.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $11,829,740. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction dated 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 completion of the transaction, the insider now owns 89,960 shares in the company, valued at approximately $11,829,740. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the completion of the sale, the director now directly owns 208,505 shares of the company’s stock, valued at approximately $31,319,536.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,019 shares of company stock valued at $5,390,191 over the last ninety days. 8.07% of the stock is owned by company insiders.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds have recently bought and sold shares of EXPE. Blue Trust Inc. lifted its position in shares of Expedia Group by 296.3% during the third quarter. Blue Trust Inc. now owns 860 shares of the online travel company’s stock valued at $127,000 after purchasing an additional 643 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of Expedia Group by 24.9% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,103 shares of the online travel company’s stock worth $311,000 after buying an additional 419 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Expedia Group by 2.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,163 shares of the online travel company’s stock worth $1,948,000 after buying an additional 331 shares in the last quarter. Bleakley Financial Group LLC lifted its position 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 buying an additional 102 shares in the last quarter. Finally, Walter Public Investments Inc. lifted its position in shares of 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 worth $13,615,000 after buying an additional 2,709 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

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.