Brokerages Set Expedia Group Inc (NASDAQ:EXPE) PT at $155.40

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Shares of Expedia Group Inc (NASDAQ:EXPE) have been given an average rating of “Buy” by the twenty-eight analysts that are covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $155.40.

Several research analysts have issued reports on EXPE shares. UBS Group boosted their target price on Expedia Group to $156.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Cowen boosted their target price on Expedia Group from $155.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Royal Bank of Canada boosted their target price on Expedia Group to $177.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Argus upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Wednesday, July 31st. Finally, Jefferies Financial Group boosted their target price on Expedia Group from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Shares of NASDAQ:EXPE traded up $0.39 during trading hours on Thursday, hitting $136.65. 809,066 shares of the company’s stock traded hands, compared to its average volume of 1,551,550. Expedia Group has a 1 year low of $108.11 and a 1 year high of $144.00. The business has a fifty day moving average price of $133.57 and a 200-day moving average price of $128.66. The firm has a market capitalization of $20.35 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.76 and a quick ratio of 0.76.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, July 25th. The online travel company reported $1.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.07. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the business earned $1.45 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities analysts predict that Expedia Group will post 5.8 earnings per share for the current year.

In other news, Director Susan C. Athey sold 2,425 shares of Expedia Group stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $134.59, for a total transaction of $326,380.75. Following the completion of the sale, the director now owns 1,462 shares of the company’s stock, valued at $196,770.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lance A. Soliday sold 2,724 shares of Expedia Group stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $127.93, for a total transaction of $348,481.32. Following the sale, the insider now directly owns 8,009 shares of the company’s stock, valued at approximately $1,024,591.37. The disclosure for this sale can be found here. Insiders have sold 117,671 shares of company stock valued at $15,635,833 in the last ninety days. Insiders own 20.96% of the company’s stock.

A number of large investors have recently modified their holdings of EXPE. First Trust Advisors LP boosted its stake in Expedia Group by 2.3% in the first quarter. First Trust Advisors LP now owns 1,675,329 shares of the online travel company’s stock valued at $199,364,000 after buying an additional 38,396 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Expedia Group by 4.8% in the first quarter. Clearbridge Investments LLC now owns 733,003 shares of the online travel company’s stock valued at $87,227,000 after buying an additional 33,288 shares in the last quarter. Allstate Corp acquired a new stake in Expedia Group in the first quarter valued at about $268,000. Advisory Services Network LLC boosted its stake in Expedia Group by 35.4% in the first quarter. Advisory Services Network LLC now owns 4,362 shares of the online travel company’s stock valued at $519,000 after buying an additional 1,140 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Expedia Group by 387.2% in the first quarter. Nordea Investment Management AB now owns 36,712 shares of the online travel company’s stock valued at $4,369,000 after buying an additional 29,176 shares in the last quarter. 80.15% of the stock is owned by institutional investors.

About Expedia Group

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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