Expedia Group (NASDAQ:EXPE - Get Free Report) had its price target raised by investment analysts at Bank of America from $205.00 to $211.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the online travel company's stock. Bank of America's price target suggests a potential upside of 24.69% from the stock's current price.
Several other research analysts have also weighed in on the stock. B. Riley reissued a "buy" rating and set a $235.00 price objective (up previously from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Wedbush reiterated a "neutral" rating on shares of Expedia Group in a research report on Tuesday, April 15th. The Goldman Sachs Group lifted their price target on shares of Expedia Group from $208.00 to $236.00 and gave the stock a "buy" rating in a report on Friday, January 10th. DA Davidson lifted their target price on shares of Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Finally, BMO Capital Markets increased their target price on shares of Expedia Group from $165.00 to $190.00 and gave the stock a "market perform" rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Expedia Group has a consensus rating of "Moderate Buy" and a consensus target price of $187.88.
View Our Latest Stock Report on Expedia Group
Expedia Group Stock Down 0.1%
NASDAQ:EXPE traded down $0.15 on Friday, hitting $169.22. 2,065,873 shares of the company's stock traded hands, compared to its average volume of 1,940,043. The firm has a 50-day moving average price of $160.92 and a 200-day moving average price of $175.87. Expedia Group has a 1 year low of $107.25 and a 1 year high of $207.73. The company has a market cap of $21.81 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87.
Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the company earned $0.21 earnings per share. The firm's revenue was up 3.4% on a year-over-year basis. Equities analysts anticipate that Expedia Group will post 12.28 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the transaction, the insider now owns 74,502 shares in the company, valued at approximately $15,325,061.40. This trade represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.80% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of EXPE. Minot DeBlois Advisors LLC purchased a new stake in shares of Expedia Group in the 4th quarter valued at about $27,000. SRH Advisors LLC purchased a new position in Expedia Group during the fourth quarter worth about $28,000. Sava Infond d.o.o. acquired a new stake in Expedia Group in the fourth quarter valued at about $28,000. McClarren Financial Advisors Inc. purchased a new stake in Expedia Group in the 1st quarter valued at approximately $28,000. Finally, Atlas Capital Advisors Inc. acquired a new position in Expedia Group during the 1st quarter worth approximately $28,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.
Expedia Group Company Profile
(
Get Free Report)
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.
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