Expedia Group (NASDAQ:EXPE) Price Target Raised to $156.00 at UBS Group

Expedia Group (NASDAQ:EXPE) had its price target boosted by research analysts at UBS Group from $137.00 to $156.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the online travel company’s stock. UBS Group’s price objective indicates a potential downside of 2.00% from the company’s previous close.

A number of other research firms have also recently commented on EXPE. Susquehanna boosted their price target on shares of Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Barclays lowered their price target on shares of Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Citigroup upped their price target on shares of Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Piper Sandler restated a “neutral” rating and issued a $140.00 price objective (down from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Finally, Wedbush upped their price objective on shares of Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Nineteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $152.15.

Expedia Group Price Performance

Expedia Group stock traded down $2.00 during midday trading on Wednesday, reaching $159.19. 225,865 shares of the stock were exchanged, compared to its average volume of 2,202,022. The company’s fifty day moving average is $142.60 and its 200-day moving average is $130.50. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $21.70 billion, a PE ratio of 29.81, a PEG ratio of 0.60 and a beta of 1.79. Expedia Group has a 52 week low of $92.48 and a 52 week high of $164.65.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, topping analysts’ consensus estimates of $3.17 by $0.34. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The business 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 earned $2.34 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts forecast that Expedia Group will post 8.98 EPS for the current year.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the business’s 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 directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 12,602 shares of the company’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 owns 89,960 shares in the company, valued at approximately $11,829,740. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,019 shares of company stock worth $5,390,191 over the last three months. 8.07% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

A number of large investors have recently bought and sold shares of EXPE. ORG Partners LLC boosted its position in Expedia Group by 4,525.0% in the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after buying an additional 181 shares during the last quarter. Innealta Capital LLC purchased a new stake in Expedia Group in the 2nd quarter worth approximately $27,000. Blue Trust Inc. boosted its position in Expedia Group by 93.8% in the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after purchasing an additional 105 shares in the last quarter. Crewe Advisors LLC purchased a new stake in Expedia Group in the 1st quarter worth approximately $40,000. Finally, LRI Investments LLC purchased a new stake in Expedia Group in the 1st quarter worth approximately $48,000. Hedge funds and other 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.