Expedia Group (NASDAQ:EXPE) Reaches New 12-Month High – Here’s What Happened

Expedia Group, Inc. (NASDAQ:EXPE)’s share price reached a new 52-week high on Thursday . The company 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EXPE shares. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday. BTIG Research raised their price target on shares of Expedia Group from $150.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 27th. TD Cowen cut shares of Expedia Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $130.00 to $150.00 in a report on Wednesday, September 25th. Piper Sandler restated a “neutral” rating and set a $140.00 target price (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Finally, Wedbush boosted their target price on Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Nineteen equities research 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.com, the company currently has a consensus rating of “Hold” and an average price target of $150.85.

Expedia Group Stock Up 5.0 %

The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. The company has a fifty day simple moving average of $139.87 and a two-hundred day simple moving average of $129.70. The firm has a market capitalization of $21.58 billion, a PE ratio of 29.85, a PEG ratio of 0.60 and a beta of 1.79.

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

Insiders Place Their Bets

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the transaction, the director now owns 208,505 shares in the company, valued at approximately $31,319,536.05. This represents 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, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the sale, the director now owns 208,505 shares in the company, valued at approximately $31,319,536.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the transaction, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,019 shares of company stock valued at $5,390,191. 8.07% of the stock is currently owned by corporate insiders.

Institutional Trading of Expedia Group

Large investors have recently made changes to their positions in the business. Pacer Advisors Inc. boosted its holdings in Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after purchasing an additional 714,229 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Expedia Group by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock valued at $132,851,000 after acquiring an additional 135,973 shares during the period. Clearbridge Investments LLC boosted its position in Expedia Group by 3.1% in the 1st quarter. Clearbridge Investments LLC now owns 971,327 shares of the online travel company’s stock worth $133,800,000 after purchasing an additional 29,294 shares in the last quarter. AustralianSuper Pty Ltd grew its stake in shares of Expedia Group by 88.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after purchasing an additional 354,389 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in shares of Expedia Group by 414.4% during the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock valued at $94,512,000 after purchasing an additional 552,831 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.