Expedia Group, Inc. (NASDAQ:EXPE) Receives $149.12 Consensus Price Target from Brokerages

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have been given an average rating of “Hold” by the twenty-five research firms that are covering the stock, Marketbeat reports. Thirteen analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $149.12.

Several brokerages recently issued reports on EXPE. The Goldman Sachs Group lifted their price objective on Expedia Group from $155.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Benchmark lifted their target price on shares of Expedia Group from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $155.00 target price on shares of Expedia Group in a research note on Friday, February 9th. Wedbush reaffirmed a “neutral” rating and issued a $130.00 target price on shares of Expedia Group in a research note on Thursday, April 18th. Finally, Mizuho lifted their target price on shares of Expedia Group from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th.

Expedia Group Trading Down 0.4 %

Shares of Expedia Group stock opened at $135.70 on Tuesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78. Expedia Group has a 1 year low of $87.94 and a 1 year high of $160.05. The company has a market capitalization of $18.49 billion, a P/E ratio of 25.22, a P/E/G ratio of 0.42 and a beta of 1.86. The business has a 50 day moving average price of $134.32 and a 200 day moving average price of $134.15.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.10. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. Sell-side analysts anticipate that Expedia Group will post 9.71 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the completion of the sale, the director now directly owns 216,521 shares of the company’s stock, valued at approximately $32,486,810.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the completion of the sale, the director now directly owns 216,521 shares of the company’s stock, valued at approximately $32,486,810.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the transaction, the chief accounting officer now owns 10,880 shares in the company, valued at approximately $1,492,844.80. The disclosure for this sale can be found here. 8.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

A number of institutional investors have recently added to or reduced their stakes in the company. ValueAct Holdings L.P. acquired a new position in Expedia Group in the 4th quarter worth $645,346,000. Boston Partners lifted its holdings in Expedia Group by 1.3% in the 3rd quarter. Boston Partners now owns 2,567,830 shares of the online travel company’s stock worth $264,627,000 after buying an additional 32,191 shares in the last quarter. Norges Bank acquired a new position in Expedia Group in the 4th quarter worth $334,632,000. Lyrical Asset Management LP lifted its holdings in Expedia Group by 0.8% in the 4th quarter. Lyrical Asset Management LP now owns 1,796,068 shares of the online travel company’s stock worth $272,625,000 after buying an additional 13,792 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Expedia Group by 1.5% in the 3rd quarter. Northern Trust Corp now owns 1,557,816 shares of the online travel company’s stock valued at $160,564,000 after purchasing an additional 22,518 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.