Expedia Group (NASDAQ:EXPE) Shares Up 8.7% After Analyst Upgrade

Expedia Group, Inc. (NASDAQ:EXPE) 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.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the transaction, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the transaction, the insider now directly owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the transaction, the insider now directly owns 89,960 shares in the company, valued at approximately $11,829,740. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,019 shares of company stock valued at $6,958,891 in the last 90 days. Insiders own 6.80% of the company’s stock.

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) 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.