Expedia Group, Inc. (NASDAQ:EXPE – Get Free Report) shares rose 8.7% during mid-day trading on Friday after BTIG Research raised their price target on the stock from $175.00 to $200.00. BTIG Research currently has a buy rating on the stock. Expedia Group traded as high as $190.40 and last traded at $189.24. Approximately 1,524,780 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 2,169,300 shares. The stock had previously closed at $174.13.
Several other equities research analysts have also commented on the company. UBS Group upped their target price on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. TD Cowen lowered Expedia Group from a “buy” rating to a “hold” rating and upped their target price for the company from $130.00 to $150.00 in a research report on Wednesday, September 25th. Wells Fargo & Company upped their target price on Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Wedbush upped their target price on Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday. Twenty equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $159.88.
Get Our Latest Research Report on EXPE
Insider Buying and Selling at Expedia Group
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of EXPE. Empirical Finance LLC boosted its position in Expedia Group by 3.2% in the 1st quarter. Empirical Finance LLC now owns 5,101 shares of the online travel company’s stock valued at $703,000 after buying an additional 157 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Expedia Group by 17.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,988 shares of the online travel company’s stock valued at $549,000 after acquiring an additional 579 shares during the last quarter. LSV Asset Management purchased a new stake in Expedia Group in the first quarter valued at $8,361,000. Oppenheimer Asset Management Inc. lifted its position in Expedia Group by 36.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,037 shares of the online travel company’s stock valued at $1,796,000 after acquiring an additional 3,496 shares during the last quarter. Finally, Forsta AP Fonden lifted its position in Expedia Group by 7.8% in the first quarter. Forsta AP Fonden now owns 37,500 shares of the online travel company’s stock valued at $5,166,000 after acquiring an additional 2,700 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.
Expedia Group Trading Up 3.8 %
The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. The stock has a market capitalization of $23.53 billion, a PE ratio of 23.26, a PEG ratio of 0.62 and a beta of 1.78. The business’s 50-day moving average is $149.81 and its two-hundred day moving average is $133.47.
Expedia Group (NASDAQ:EXPE – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.34. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.34 earnings per share. On average, analysts anticipate that Expedia Group, Inc. will post 8.99 earnings per share for the current fiscal year.
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.
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