Expedia Group, Inc. (NASDAQ:EXPE) Receives $149.12 Average Target Price from Analysts

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have been assigned an average recommendation of “Hold” from the twenty-five brokerages that are covering the company, Marketbeat.com reports. Thirteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $149.12.

Several research analysts have commented on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $155.00 price objective on shares of Expedia Group in a research report on Friday, February 9th. Wedbush restated a “neutral” rating and issued a $130.00 target price on shares of Expedia Group in a research note on Thursday, April 18th. Jefferies Financial Group reduced their price objective on Expedia Group from $150.00 to $145.00 and set a “hold” rating on the stock in a research note on Tuesday, March 19th. JPMorgan Chase & Co. raised their target price on shares of Expedia Group from $115.00 to $136.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Finally, Ascendiant Capital Markets raised their target price on Expedia Group from $133.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, December 29th.

Expedia Group Trading Up 0.3 %

NASDAQ EXPE opened at $136.25 on Tuesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $18.57 billion, a P/E ratio of 25.33, a P/E/G ratio of 0.41 and a beta of 1.86. Expedia Group has a 12 month low of $87.94 and a 12 month high of $160.05. The company has a 50-day moving average of $134.31 and a 200-day moving average of $133.68.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.08 by $0.10. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. As a group, equities analysts predict that Expedia Group will post 9.72 earnings per share for the current year.

Insider Activity

In other news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the transaction, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the transaction, the chief accounting officer now owns 10,880 shares in the company, valued at approximately $1,492,844.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $150.04, for a total value of $1,500,400.00. Following the transaction, the director now owns 216,521 shares in the company, valued at $32,486,810.84. The disclosure for this sale can be found here. 8.07% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

A number of hedge funds have recently bought and sold shares of EXPE. ValueAct Holdings L.P. bought a new position in Expedia Group during the fourth quarter worth $645,346,000. Boston Partners increased its holdings in Expedia Group by 1.3% during the 3rd quarter. Boston Partners now owns 2,567,830 shares of the online travel company’s stock valued at $264,627,000 after purchasing an additional 32,191 shares in the last quarter. Norges Bank acquired a new stake in shares of Expedia Group in the fourth quarter valued at $334,632,000. Lyrical Asset Management LP raised its stake in shares of Expedia Group by 0.8% in the fourth quarter. Lyrical Asset Management LP now owns 1,796,068 shares of the online travel company’s stock worth $272,625,000 after acquiring an additional 13,792 shares during the last quarter. Finally, Northern Trust Corp raised its position in Expedia Group by 1.5% in the 3rd quarter. Northern Trust Corp now owns 1,557,816 shares of the online travel company’s stock worth $160,564,000 after purchasing an additional 22,518 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Company Profile

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.