Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, Barclays Analyst Says

Expedia Group (NASDAQ:EXPE) had its price objective increased by investment analysts at Barclays from $134.00 to $153.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the online travel company’s stock. Barclays‘s price target would suggest a potential downside of 15.36% from the company’s current price.

Several other equities analysts also recently weighed in on the company. Benchmark raised their target price on Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Friday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a research note on Monday, October 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $140.00 price target on shares of Expedia Group in a research note on Friday, August 9th. Citigroup upped their price objective on shares of Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Finally, Wedbush raised their target price on shares of Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday. Twenty analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $159.88.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $180.76 on Friday. 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 firm has a market cap of $23.53 billion, a PE ratio of 32.28, a PEG ratio of 0.67 and a beta of 1.78. Expedia Group has a one year low of $107.25 and a one year high of $190.40. The firm has a fifty day moving average of $149.81 and a 200 day moving average of $133.47.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.34. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the prior year, the firm earned $2.34 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, research analysts predict that Expedia Group will post 8.99 EPS for the current fiscal year.

Insider Activity

In related news, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the transaction, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm’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 transaction, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now owns 84,543 shares in the company, valued at $11,379,487.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,019 shares of company stock worth $6,958,891. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

Several institutional investors and hedge funds have recently bought and sold shares of EXPE. Cozad Asset Management Inc. grew its position in Expedia Group by 16.9% in the 3rd quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock valued at $4,562,000 after buying an additional 4,449 shares during the last quarter. DoubleLine ETF Adviser LP acquired a new position in shares of Expedia Group during the second quarter worth about $465,000. Robeco Institutional Asset Management B.V. raised its holdings in Expedia Group by 13.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock worth $96,171,000 after purchasing an additional 75,120 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Expedia Group by 18.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock valued at $21,333,000 after purchasing an additional 23,939 shares during the period. Finally, Swedbank AB boosted its holdings in Expedia Group by 5.0% in the 2nd quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock valued at $21,302,000 after purchasing an additional 8,026 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Company Profile

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.