Susquehanna Raises Expedia Group (NASDAQ:EXPE) Price Target to $250.00

Expedia Group (NASDAQ:EXPE) had its target price raised by equities researchers at Susquehanna from $240.00 to $250.00 in a report released on Monday,MarketScreener reports. Susquehanna’s target price indicates a potential upside of 9.94% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Mizuho reduced their price target on Expedia Group from $270.00 to $245.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. TD Cowen upped their target price on Expedia Group from $260.00 to $285.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Wedbush reiterated a “neutral” rating and set a $260.00 target price on shares of Expedia Group in a research note on Tuesday, February 17th. Benchmark dropped their price target on shares of Expedia Group from $310.00 to $290.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Finally, HSBC upped their price target on shares of Expedia Group from $365.00 to $387.00 and gave the company a “buy” rating in a report on Friday, February 13th. Fourteen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Expedia Group has a consensus rating of “Hold” and an average price target of $283.87.

Expedia Group Stock Performance

Expedia Group stock opened at $227.39 on Monday. Expedia Group has a 12-month low of $156.05 and a 12-month high of $303.80. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $27.86 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 0.70 and a beta of 1.30. The firm’s fifty day moving average price is $238.05 and its 200 day moving average price is $249.59.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 EPS. On average, research analysts forecast that Expedia Group will post 16.64 EPS for the current fiscal year.

Insider Activity

In other news, insider Robert J. Dzielak sold 8,225 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the transaction, the insider directly owned 102,480 shares in the company, valued at $22,629,633.60. The trade was a 7.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 9.81% of the stock is owned by company insiders.

Institutional Trading of Expedia Group

Several large investors have recently made changes to their positions in the stock. Windacre Partnership LLC raised its stake in shares of Expedia Group by 9.2% in the 3rd quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock valued at $787,049,000 after acquiring an additional 309,900 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Expedia Group by 25.0% during the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after purchasing an additional 728,063 shares during the last quarter. Invesco Ltd. boosted its stake in Expedia Group by 8.0% during the 3rd quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock valued at $667,507,000 after purchasing an additional 230,176 shares during the period. Norges Bank bought a new stake in Expedia Group during the 4th quarter valued at approximately $861,979,000. Finally, Wellington Management Group LLP grew its holdings in Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after buying an additional 1,801,232 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

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.