Expedia Group (NASDAQ:EXPE) Given New $218.00 Price Target at DA Davidson

Expedia Group (NASDAQ:EXPE) had its price target upped by equities researchers at DA Davidson from $174.00 to $218.00 in a research note issued to investors on Friday, August 8th, MarketBeat reports. The brokerage presently has a “neutral” rating on the online travel company’s stock. DA Davidson’s target price points to a potential upside of 5.20% from the stock’s previous close.

Several other brokerages have also recently weighed in on EXPE. Royal Bank Of Canada raised their price objective on Expedia Group from $180.00 to $200.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Expedia Group in a research note on Wednesday, July 23rd. Oppenheimer lowered their price objective on Expedia Group from $230.00 to $210.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Wedbush raised their target price on Expedia Group from $175.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Finally, Piper Sandler increased their target price on Expedia Group from $135.00 to $190.00 and gave the company an “underweight” rating in a research report on Friday, August 8th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Expedia Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.63.

Expedia Group Price Performance

NASDAQ EXPE traded down $0.21 on Friday, hitting $207.23. 475,257 shares of the company were exchanged, compared to its average volume of 2,115,530. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The company has a market cap of $25.64 billion, a P/E ratio of 25.36, a P/E/G ratio of 1.03 and a beta of 1.61. The firm has a 50 day moving average of $179.94 and a two-hundred day moving average of $173.82. Expedia Group has a 1-year low of $126.46 and a 1-year high of $213.00.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.13 by $0.11. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.70 billion. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.51 EPS. On average, equities analysts predict that Expedia Group will post 12.28 EPS for the current year.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 2,658 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $205.57, for a total value of $546,405.06. Following the completion of the transaction, the insider owned 74,417 shares of the company’s stock, valued at $15,297,902.69. This represents a 3.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.13% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Minot DeBlois Advisors LLC bought a new stake in Expedia Group during the fourth quarter valued at $27,000. Spire Wealth Management lifted its stake in shares of Expedia Group by 114.3% in the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Expedia Group during the first quarter worth about $28,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Expedia Group during the first quarter worth about $28,000. Finally, GFG Capital LLC purchased a new stake in shares of Expedia Group during the second quarter worth about $29,000. 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.