Expedia Group (NASDAQ:EXPE) Price Target Raised to $235.00

Expedia Group (NASDAQ:EXPE) had its target price hoisted by equities researchers at Oppenheimer from $210.00 to $235.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the online travel company’s stock. Oppenheimer’s target price points to a potential upside of 18.38% from the company’s previous close.

Several other brokerages also recently commented on EXPE. BTIG Research increased their price objective on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 8th. UBS Group lifted their target price on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 14th. Robert W. Baird started coverage on shares of Expedia Group in a report on Wednesday, November 27th. They issued an “outperform” rating and a $225.00 price target for the company. Finally, Morgan Stanley lifted their price objective on shares of Expedia Group from $180.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Nineteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $184.86.

Expedia Group Stock Up 15.0 %

NASDAQ:EXPE traded up $25.94 on Friday, hitting $198.51. 5,992,707 shares of the company’s stock were exchanged, compared to its average volume of 1,882,391. The firm has a 50-day moving average price of $182.07 and a 200-day moving average price of $159.92. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group has a 52 week low of $107.25 and a 52 week high of $205.12. The company has a market cap of $25.48 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 0.77 and a beta of 1.82.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 7.97% and a return on equity of 49.25%. As a group, analysts expect that Expedia Group will post 8.76 EPS for the current fiscal year.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This trade represents a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of the sale, the director now directly owns 158,505 shares in the company, valued at $26,912,563.95. This represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,951 shares of company stock worth $5,174,510 over the last ninety days. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Greenleaf Trust lifted its stake in shares of Expedia Group by 2.5% during the 4th quarter. Greenleaf Trust now owns 2,520 shares of the online travel company’s stock worth $470,000 after purchasing an additional 61 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Expedia Group by 2.1% during the third quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company’s stock worth $441,000 after purchasing an additional 62 shares during the last quarter. Empirical Finance LLC lifted its position in shares of Expedia Group by 1.3% during the third quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company’s stock worth $704,000 after purchasing an additional 63 shares during the last quarter. UMB Bank n.a. lifted its holdings in Expedia Group by 14.8% in the fourth quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock worth $91,000 after acquiring an additional 63 shares during the last quarter. Finally, Venture Visionary Partners LLC increased its stake in shares of Expedia Group by 0.6% in the third quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock valued at $1,683,000 after purchasing an additional 64 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.