Expedia Group (NASDAQ:EXPE) Price Target Raised to $211.00

Expedia Group (NASDAQ:EXPE) had its price objective increased by Bank of America from $205.00 to $211.00 in a research note published on Friday,Benzinga reports. Bank of America currently has a buy rating on the online travel company’s stock.

Several other research firms have also recently commented on EXPE. Benchmark reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Expedia Group in a research report on Tuesday, February 4th. StockNews.com lowered Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Monday, May 5th. JPMorgan Chase & Co. decreased their price objective on Expedia Group from $205.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group boosted their target price on Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, B. Riley reaffirmed a “buy” rating and set a $235.00 price target (up from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Expedia Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.04.

Expedia Group Stock Down 7.4 %

Shares of Expedia Group stock opened at $156.55 on Friday. The company has a market capitalization of $20.17 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The business has a 50-day moving average of $161.69 and a two-hundred day moving average of $175.63. Expedia Group has a 1 year low of $107.25 and a 1 year high of $207.73.

Expedia Group (NASDAQ:EXPE) last posted its 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 return on equity of 52.41% and a net margin of 9.01%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the company posted $0.21 earnings per share. Expedia Group’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, equities analysts predict that Expedia Group will post 12.28 EPS for the current year.

Insider Activity

In related news, insider Robert J. Dzielak sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the transaction, the insider now directly owns 74,502 shares of the company’s stock, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EXPE. Handelsbanken Fonder AB boosted its stake in shares of Expedia Group by 17.8% in the fourth 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 during the period. Teamwork Financial Advisors LLC acquired a new position in Expedia Group in the 4th quarter valued at $1,791,000. Clare Market Investments LLC bought a new stake in shares of Expedia Group during the 4th quarter valued at $319,000. Nisa Investment Advisors LLC grew its holdings in shares of Expedia Group by 17.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company’s stock worth $11,180,000 after purchasing an additional 9,086 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new position in shares of Expedia Group in the fourth quarter worth $238,000. Institutional investors and hedge funds 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.