Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, Bank of America Analyst Says

Expedia Group (NASDAQ:EXPE) had its target price lifted by stock analysts at Bank of America from $205.00 to $211.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the online travel company’s stock. Bank of America‘s price objective indicates a potential upside of 34.78% from the company’s current price.

Several other equities research analysts have also weighed in on EXPE. Wedbush reiterated a “neutral” rating on shares of Expedia Group in a report on Tuesday, April 15th. Oppenheimer decreased their target price on Expedia Group from $235.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. BMO Capital Markets increased their price target on Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. Citigroup boosted their price objective on Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Finally, Susquehanna raised their target price on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $189.04.

Expedia Group Trading Down 7.4 %

EXPE opened at $156.55 on Friday. The firm has a 50 day simple moving average of $161.69 and a 200 day simple moving average of $175.75. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The company has a market cap of $20.17 billion, a price-to-earnings 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.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. On average, sell-side analysts anticipate that Expedia Group will post 12.28 earnings per share for the current year.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Expedia Group

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Expedia Group by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company’s stock worth $2,555,424,000 after buying an additional 394,147 shares during the period. Norges Bank acquired a new position in shares of Expedia Group in the fourth quarter valued at about $670,565,000. Geode Capital Management LLC increased its position in Expedia Group by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company’s stock worth $600,750,000 after acquiring an additional 30,163 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Expedia Group by 6.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company’s stock worth $439,808,000 after purchasing an additional 150,480 shares in the last quarter. Finally, Alkeon Capital Management LLC boosted its holdings in Expedia Group by 25.4% in the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company’s stock valued at $368,276,000 after purchasing an additional 400,000 shares during the period. Institutional investors 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.