Expedia Group’s (EXPE) “Buy” Rating Reiterated at BTIG Research

Expedia Group (NASDAQ:EXPE)‘s stock had its “buy” rating restated by analysts at BTIG Research in a research report issued on Tuesday, Benzinga reports. They presently have a $400.00 price objective on the online travel company’s stock. BTIG Research’s price target would indicate a potential upside of 56.76% from the company’s current price.

A number of other brokerages have also recently issued reports on EXPE. Susquehanna boosted their price objective on Expedia Group from $250.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Robert W. Baird set a $335.00 target price on shares of Expedia Group in a research note on Thursday, August 6th. Royal Bank Of Canada boosted their price target on shares of Expedia Group from $290.00 to $330.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. BMO Capital Markets restated a “market perform” rating and set a $285.00 price target on shares of Expedia Group in a research note on Friday, August 7th. Finally, UBS Group raised their price objective on shares of Expedia Group from $322.00 to $351.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Eighteen analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $315.24.

Expedia Group Stock Performance

Shares of Expedia Group stock traded down $4.91 on Tuesday, reaching $255.16. 96,261 shares of the company traded hands, compared to its average volume of 2,036,044. The company has a 50 day moving average of $297.71 and a 200 day moving average of $262.35. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. Expedia Group has a 52 week low of $185.34 and a 52 week high of $342.00. The firm has a market capitalization of $30.62 billion, a PE ratio of 15.91, a PEG ratio of 0.63 and a beta of 1.36.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, topping analysts’ consensus estimates of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.17 billion. During the same quarter in the previous year, the firm posted $4.24 EPS. Expedia Group’s revenue was up 14.0% on a year-over-year basis. Equities analysts forecast that Expedia Group will post 17.26 earnings per share for the current year.

Insider Activity

In other Expedia Group news, insider Robert J. Dzielak sold 3,003 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $315.00, for a total value of $945,945.00. Following the sale, the insider directly owned 103,829 shares in the company, valued at $32,706,135. This represents a 2.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 2,810 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the completion of the transaction, the chief accounting officer directly owned 12,006 shares of the company’s stock, valued at approximately $3,885,741.90. The trade was a 18.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 11,950 shares of company stock worth $3,881,995. 5.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Expedia Group

Several large investors have recently added to or reduced their stakes in the business. Plato Investment Management Ltd purchased a new stake in Expedia Group in the second quarter worth approximately $2,562,000. Corient Private Wealth LLC raised its stake in shares of Expedia Group by 17.8% during the fourth quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock worth $17,344,000 after acquiring an additional 9,256 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Expedia Group by 47.4% in the 2nd quarter. Tidal Investments LLC now owns 32,146 shares of the online travel company’s stock worth $8,226,000 after acquiring an additional 10,331 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Expedia Group in the 2nd quarter worth approximately $166,203,000. Finally, Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of Expedia Group in the 1st quarter valued at $910,000. Institutional investors own 90.76% of the company’s stock.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its platforms support the search, comparison and booking of lodging, air travel, car rentals, cruises, vacation packages, activities and other travel-related offerings.

The company operates a portfolio of consumer brands that includes Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these brands, Expedia Group serves individual travelers, property owners, travel suppliers and business partners across markets in North America, Europe, Asia-Pacific and other international regions.

Expedia Group traces its origins to Expedia, which was established within Microsoft in 1996 and became an independent public company in 1999.