Expedia Group (NASDAQ:EXPE) Coverage Initiated by Analysts at Rosenblatt Securities

Equities researchers at Rosenblatt Securities assumed coverage on shares of Expedia Group (NASDAQ:EXPE) in a research report issued on Tuesday, Benzinga reports. The brokerage set a “neutral” rating and a $360.00 price target on the online travel company’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 13.52% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft decreased their target price on Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Susquehanna boosted their price target on Expedia Group from $250.00 to $315.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. The Goldman Sachs Group set a $370.00 price objective on Expedia Group in a research note on Thursday, August 6th. Weiss Ratings upgraded Expedia Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Finally, Wedbush lifted their target price on shares of Expedia Group from $334.00 to $417.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Eighteen investment analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $318.71.

Expedia Group Price Performance

NASDAQ:EXPE opened at $317.12 on Tuesday. The firm has a market cap of $38.06 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 0.81 and a beta of 1.22. The firm’s fifty day moving average is $291.00 and its two-hundred day moving average is $251.82. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. Expedia Group has a one year low of $185.34 and a one year high of $342.00.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.22 by $0.54. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The business’s revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.24 EPS. Research analysts expect that Expedia Group will post 17.15 EPS for the current year.

Insider Buying and Selling

In other news, Director Craig A. Jacobson sold 3,133 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the sale, the director owned 29,832 shares in the company, valued at $9,800,408.64. This trade represents a 9.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 1,004 shares of Expedia Group stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $335.00, for a total transaction of $336,340.00. Following the sale, the insider directly owned 104,331 shares in the company, valued at approximately $34,950,885. The trade was a 0.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 16,652 shares of company stock worth $4,977,561. Insiders own 5.20% of the company’s stock.

Institutional Trading of Expedia Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Motiv8 Investments LLC acquired a new position in Expedia Group in the fourth quarter valued at about $25,000. Entrust Financial LLC acquired a new position in shares of Expedia Group in the 4th quarter worth approximately $26,000. First Bancorp Inc ME purchased a new position in shares of Expedia Group during the 2nd quarter worth approximately $28,000. Sunbelt Securities Inc. boosted its position in shares of Expedia Group by 970.6% during the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after buying an additional 165 shares during the period. Finally, Elevation Wealth Partners LLC lifted its position in shares of Expedia Group by 272.9% during the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock worth $46,000 after purchasing an additional 131 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

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.