Expedia Group (NASDAQ:EXPE) Stock Rating Reaffirmed by Oppenheimer

Oppenheimer reissued their outperform rating on shares of Expedia Group (NASDAQ:EXPE) in a report released on Monday morning, Benzinga reports. Oppenheimer currently has a $175.00 target price on the online travel company’s stock.

Several other equities research analysts have also weighed in on EXPE. The Goldman Sachs Group increased their target price on shares of Expedia Group from $155.00 to $190.00 and gave the stock a buy rating in a report on Friday, January 19th. BMO Capital Markets started coverage on shares of Expedia Group in a report on Tuesday, January 9th. They issued an outperform rating and a $181.00 target price on the stock. Royal Bank of Canada reiterated a sector perform rating and issued a $155.00 target price on shares of Expedia Group in a report on Friday, February 9th. Benchmark increased their target price on shares of Expedia Group from $160.00 to $180.00 and gave the stock a buy rating in a report on Tuesday, February 6th. Finally, Wedbush restated a neutral rating and set a $130.00 price objective on shares of Expedia Group in a report on Thursday, April 18th. Thirteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $149.12.

Expedia Group Price Performance

Shares of EXPE stock opened at $136.66 on Monday. Expedia Group has a 52-week low of $87.94 and a 52-week high of $160.05. The stock has a market cap of $18.63 billion, a PE ratio of 25.40, a PEG ratio of 0.42 and a beta of 1.86. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78. The firm’s 50 day moving average price is $134.35 and its two-hundred day moving average price is $134.61.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. As a group, analysts forecast that Expedia Group will post 9.71 EPS for the current year.

Insider Activity

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

Institutional Trading of Expedia Group

Several hedge funds and other institutional investors have recently modified their holdings of EXPE. UMB Bank n.a. boosted its holdings in shares of Expedia Group by 79.7% during the 3rd quarter. UMB Bank n.a. now owns 354 shares of the online travel company’s stock worth $36,000 after buying an additional 157 shares during the period. Czech National Bank raised its stake in Expedia Group by 42.7% in the 3rd quarter. Czech National Bank now owns 24,092 shares of the online travel company’s stock worth $2,483,000 after purchasing an additional 7,210 shares in the last quarter. SVB Wealth LLC raised its stake in Expedia Group by 8.9% in the 3rd quarter. SVB Wealth LLC now owns 3,598 shares of the online travel company’s stock worth $371,000 after purchasing an additional 294 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Expedia Group by 35.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 17,303 shares of the online travel company’s stock worth $1,783,000 after purchasing an additional 4,505 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Expedia Group by 17.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 515,291 shares of the online travel company’s stock worth $53,111,000 after purchasing an additional 77,007 shares in the last quarter. 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.