Expedia Group (NASDAQ:EXPE) Price Target Raised to $326.00

Expedia Group (NASDAQ:EXPE) had its price target hoisted by equities researchers at Bank of America from $285.00 to $326.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the online travel company’s stock. Bank of America‘s price target would suggest a potential upside of 11.91% from the company’s previous close.

A number of other analysts have also commented on EXPE. Susquehanna boosted their price target on Expedia Group from $200.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, November 10th. DA Davidson reiterated a “neutral” rating and set a $294.00 price target on shares of Expedia Group in a report on Thursday, December 11th. Rothschild & Co Redburn boosted their price target on Expedia Group from $290.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Citigroup raised their price objective on Expedia Group from $206.00 to $281.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Finally, The Goldman Sachs Group lifted their target price on Expedia Group from $253.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and twenty-four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $270.66.

Expedia Group Trading Up 2.0%

Shares of Expedia Group stock traded up $5.71 during trading hours on Friday, hitting $291.30. The company’s stock had a trading volume of 660,582 shares, compared to its average volume of 2,054,598. The company has a market capitalization of $35.69 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a 50 day moving average of $245.01 and a 200 day moving average of $212.21. Expedia Group has a 12 month low of $130.01 and a 12 month high of $291.64.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the prior year, the business earned $6.13 EPS. Expedia Group’s revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts predict 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 Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $258.00, for a total value of $258,000.00. Following the sale, the director owned 2,916 shares in the company, valued at $752,328. This trade represents a 25.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Lance A. Soliday sold 849 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $248.08, for a total transaction of $210,619.92. Following the transaction, the chief accounting officer owned 11,662 shares of the company’s stock, valued at $2,893,108.96. This trade represents a 6.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,849 shares of company stock valued at $1,283,270 in the last quarter. Insiders own 9.13% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several large investors have recently bought and sold shares of the company. Grey Fox Wealth Advisors LLC bought a new stake in shares of Expedia Group during the third quarter worth about $30,000. Spire Wealth Management boosted its position in Expedia Group by 114.3% during the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after buying an additional 80 shares during the period. Rossby Financial LCC grew its holdings in Expedia Group by 103.8% during the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after acquiring an additional 82 shares during the last quarter. GFG Capital LLC acquired a new position in Expedia Group in the 2nd quarter valued at approximately $29,000. Finally, SOA Wealth Advisors LLC. acquired a new position in Expedia Group in the 3rd quarter valued at approximately $36,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Company Profile

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.