Expedia Group (NASDAQ:EXPE) Raised to Strong-Buy at StockNews.com

Expedia Group (NASDAQ:EXPE) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

Several other equities analysts have also issued reports on the company. Susquehanna boosted their target price on Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Wells Fargo & Company boosted their price objective on shares of Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Jefferies Financial Group increased their target price on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $140.00 price target on shares of Expedia Group in a report on Friday, August 9th. Finally, Bank of America raised their price objective on Expedia Group from $144.00 to $166.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Nineteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $152.54.

Expedia Group Trading Up 2.0 %

EXPE opened at $159.40 on Friday. The firm has a 50 day simple moving average of $146.71 and a 200 day simple moving average of $132.06. Expedia Group has a fifty-two week low of $93.19 and a fifty-two week high of $164.65. The company has a market cap of $20.75 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 0.62 and a beta of 1.79. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, beating the consensus estimate of $3.17 by $0.34. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter in the previous year, the company posted $2.34 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Expedia Group will post 8.99 earnings per share for the current year.

Insider Buying and Selling

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $150.18, for a total value of $1,501,800.00. Following the completion of the transaction, the director now directly owns 198,505 shares in the company, valued at $29,811,480.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the transaction, the insider now directly owns 89,960 shares in the company, valued at $11,829,740. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the completion of the sale, the director now owns 198,505 shares of the company’s stock, valued at $29,811,480.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,019 shares of company stock worth $5,390,191. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

Several institutional investors and hedge funds have recently bought and sold shares of EXPE. ORG Partners LLC increased its holdings in shares of Expedia Group by 4,525.0% during the 1st quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock worth $25,000 after acquiring an additional 181 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Expedia Group in the second quarter valued at about $27,000. Blue Trust Inc. lifted its stake in shares of Expedia Group by 93.8% during the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after buying an additional 105 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of Expedia Group during the 1st quarter worth about $40,000. Finally, LRI Investments LLC bought a new stake in shares of Expedia Group during the 1st quarter worth about $48,000. 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.