Expedia Group (NASDAQ:EXPE) Price Target Raised to $175.00 at Truist Financial

Expedia Group (NASDAQ:EXPE) had its price target hoisted by equities research analysts at Truist Financial from $163.00 to $175.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the online travel company’s stock. Truist Financial’s target price points to a potential upside of 7.34% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Expedia Group from $180.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Melius upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 target price on the stock in a research note on Monday, January 6th. JMP Securities reiterated a “market perform” rating on shares of Expedia Group in a research report on Friday, February 7th. HSBC upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Friday, February 7th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $215.00 price objective (up previously from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Nineteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Expedia Group presently has a consensus rating of “Moderate Buy” and an average target price of $193.61.

Expedia Group Stock Performance

NASDAQ:EXPE traded down $0.71 during trading hours on Wednesday, hitting $163.04. 1,277,941 shares of the company were exchanged, compared to its average volume of 1,890,601. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. Expedia Group has a 52-week low of $107.25 and a 52-week high of $207.73. The stock has a market capitalization of $21.01 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 0.92 and a beta of 1.82. The company’s 50 day moving average price is $186.44 and its 200-day moving average price is $171.45.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. As a group, research analysts forecast that Expedia Group will post 12.28 earnings per share for the current year.

Insider Activity at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total value of $1,851,500.00. Following the sale, the director now owns 168,505 shares of the company’s stock, valued at $31,198,700.75. This trade represents a 5.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the transaction, the insider now owns 74,502 shares of the company’s stock, valued at $15,325,061.40. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,000 shares of company stock worth $4,577,900. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

A number of institutional investors have recently bought and sold shares of EXPE. Handelsbanken Fonder AB boosted its holdings in shares of Expedia Group by 17.8% in the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company’s stock valued at $5,729,000 after buying an additional 4,656 shares in the last quarter. Caprock Group LLC boosted its stake in Expedia Group by 33.7% in the third quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock valued at $1,508,000 after acquiring an additional 2,569 shares in the last quarter. Teamwork Financial Advisors LLC purchased a new position in shares of Expedia Group during the fourth quarter worth about $1,791,000. Integrated Investment Consultants LLC acquired a new stake in shares of Expedia Group during the third quarter worth about $527,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Expedia Group by 22.5% in the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after purchasing an additional 596,510 shares during 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.