Expedia Group (NASDAQ:EXPE) Now Covered by Barclays

Analysts at Barclays initiated coverage on shares of Expedia Group (NASDAQ:EXPE) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm set an “equal weight” rating and a $310.00 price target on the online travel company’s stock. Barclays‘s price objective suggests a potential upside of 19.62% from the stock’s current price.

A number of other analysts have also commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $320.00 target price on shares of Expedia Group in a research report on Thursday, November 5th. TD Cowen upgraded Expedia Group to a “hold” rating in a report on Monday, September 14th. B. Riley Financial raised their price objective on Expedia Group from $350.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Jefferies Financial Group raised their price objective on Expedia Group from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Rosenblatt Securities initiated coverage on Expedia Group in a report on Tuesday, September 1st. They set a “neutral” rating and a $360.00 price objective for the company. Fifteen research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $316.45.

Expedia Group Trading Down 0.0%

EXPE opened at $259.16 on Thursday. Expedia Group has a 1-year low of $185.34 and a 1-year high of $342.00. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21. The company has a market cap of $31.10 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 0.76 and a beta of 1.39. The company has a fifty day moving average price of $280.40 and a two-hundred day moving average price of $259.41.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Wednesday, November 4th. The online travel company reported $9.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.85 by $0.54. The company had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Expedia Group had a net margin of 12.98% and a return on equity of 97.32%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.57 EPS. Analysts predict that Expedia Group will post 17.37 EPS for the current fiscal year.

Insider Buying and Selling

In other Expedia Group news, Director Craig A. Jacobson sold 3,133 shares of Expedia Group stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the transaction, the director owned 29,832 shares of the company’s stock, valued at $9,800,408.64. The trade was a 9.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 2,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $330.50, for a total value of $661,000.00. Following the sale, the insider owned 105,335 shares in the company, valued at approximately $34,813,217.50. This represents a 1.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 8,947 shares of company stock valued at $2,936,050. Company insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several hedge funds have recently bought and sold shares of the company. Edgestream Partners L.P. purchased a new stake in shares of Expedia Group in the third quarter worth $10,397,000. HighTower Advisors LLC grew its position in Expedia Group by 39.2% during the third quarter. HighTower Advisors LLC now owns 80,170 shares of the online travel company’s stock worth $21,114,000 after buying an additional 22,579 shares in the last quarter. West Family Investments Inc. purchased a new position in Expedia Group during the third quarter worth about $306,000. Phoenix Financial Ltd. increased its stake in Expedia Group by 253.1% in the 3rd quarter. Phoenix Financial Ltd. now owns 4,022 shares of the online travel company’s stock worth $1,061,000 after acquiring an additional 2,883 shares during the last quarter. Finally, Danske Bank A S increased its stake in Expedia Group by 21.1% in the 3rd quarter. Danske Bank A S now owns 155,603 shares of the online travel company’s stock worth $40,980,000 after acquiring an additional 27,076 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

About Expedia Group

Expedia Group, Inc is an online travel company that connects travelers with lodging, flights, rental cars, cruises, vacation packages and activities. Its consumer-facing brands include Expedia, Hotels.com and Vrbo, which specializes in vacation rentals. The company also provides travel technology and booking services to business partners.

Founded in 1996 as a division of Microsoft, Expedia became an independent public company in 1999. It serves travelers and lodging partners in markets around the world through its websites and mobile apps.

Expedia Group is headquartered in Seattle, Washington.