Expedia Group (NASDAQ:EXPE) Price Target Raised to $294.00 at Robert W. Baird

Expedia Group (NASDAQ:EXPE) had its price objective increased by research analysts at Robert W. Baird from $290.00 to $294.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the online travel company’s stock. Robert W. Baird’s target price would indicate a potential upside of 10.97% from the stock’s previous close.

EXPE has been the topic of a number of other research reports. Wedbush assumed coverage on shares of Expedia Group in a research report on Thursday, July 16th. They issued an “outperform” rating and a $334.00 price objective on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $330.00 target price on shares of Expedia Group in a research report on Monday. Wells Fargo & Company lowered their target price on shares of Expedia Group from $307.00 to $303.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 30th. Argus lifted their price target on shares of Expedia Group from $270.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Finally, B. Riley Financial reduced their price target on Expedia Group from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $288.64.

Expedia Group Trading Down 0.1%

Shares of NASDAQ EXPE opened at $264.94 on Wednesday. Expedia Group has a 1-year low of $174.05 and a 1-year high of $303.80. The business has a fifty day moving average price of $242.01 and a 200 day moving average price of $244.22. The stock has a market capitalization of $32.47 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 0.70 and a beta of 1.23. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.55. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Equities research analysts expect that Expedia Group will post 16.98 EPS for the current fiscal year.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the sale, the insider owned 105,448 shares in the company, valued at approximately $24,569,384. The trade was a 4.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the sale, the chief accounting officer owned 14,083 shares in the company, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

A number of large investors have recently bought and sold shares of EXPE. Norges Bank acquired a new position in Expedia Group in the 4th quarter worth approximately $861,979,000. Wellington Management Group LLP boosted its holdings in shares of Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after acquiring an additional 1,801,232 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Expedia Group by 25.0% in the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock valued at $779,275,000 after acquiring an additional 728,063 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Expedia Group by 104.1% in the first quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock worth $275,112,000 after acquiring an additional 607,698 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Expedia Group by 55.0% in the fourth quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock worth $364,363,000 after acquiring an additional 456,176 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

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.