Expedia Group (NASDAQ:EXPE) Price Target Raised to $217.00 at Citigroup

Expedia Group (NASDAQ:EXPE) had its price target hoisted by equities researchers at Citigroup from $200.00 to $217.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the online travel company’s stock. Citigroup’s price objective indicates a potential upside of 7.10% from the stock’s previous close.

EXPE has been the subject of a number of other research reports. Oppenheimer raised their target price on shares of Expedia Group from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. StockNews.com cut Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th. Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of Expedia Group in a report on Tuesday, February 4th. Cantor Fitzgerald restated a “neutral” rating and issued a $210.00 price target (up from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. Finally, Argus boosted their price target on Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Nineteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.64.

Expedia Group Stock Performance

EXPE stock opened at $202.61 on Tuesday. Expedia Group has a 1-year low of $107.25 and a 1-year high of $207.73. The business’s 50-day moving average price is $183.05 and its two-hundred day moving average price is $161.87. The firm has a market cap of $26.00 billion, a PE ratio of 22.39, a P/E/G ratio of 0.82 and a beta of 1.82. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a return on equity of 55.42% and a net margin of 9.01%. As a group, research analysts forecast that Expedia Group will post 10.75 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total value of $1,697,900.00. Following the transaction, the director now directly owns 158,505 shares of the company’s stock, valued at approximately $26,912,563.95. This trade represents a 5.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Dzielak sold 1,951 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the transaction, the insider now directly owns 85,250 shares in the company, valued at $15,345,000. This trade represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,951 shares of company stock valued at $3,900,580. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several hedge funds have recently modified their holdings of the stock. SRH Advisors LLC purchased a new position in shares of Expedia Group in the fourth quarter valued at $28,000. Sava Infond d.o.o. bought a new position in Expedia Group during the fourth quarter valued at $28,000. Grove Bank & Trust grew its stake in shares of Expedia Group by 676.2% in the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after buying an additional 142 shares in the last quarter. Prudent Man Investment Management Inc. bought a new stake in shares of Expedia Group in the 4th quarter worth about $34,000. Finally, Venturi Wealth Management LLC raised its position in shares of Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after buying an additional 291 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

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.