Bank of America Increases Expedia Group (NASDAQ:EXPE) Price Target to $166.00

Expedia Group (NASDAQ:EXPE) had its price objective increased by equities research analysts at Bank of America from $144.00 to $166.00 in a report released on Friday, Benzinga reports. The firm presently has a “neutral” rating on the online travel company’s stock. Bank of America‘s target price suggests a potential upside of 4.42% from the company’s current price.

A number of other research analysts have also issued reports on the company. UBS Group lifted their target price on Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday. Wells Fargo & Company boosted their target price on shares of Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Wedbush raised their target price 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. Jefferies Financial Group upped their price target on Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Citigroup lifted their target price on Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Nineteen 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 stock currently has an average rating of “Hold” and a consensus price target of $152.54.

Expedia Group Trading Down 0.9 %

EXPE traded down $1.47 during midday trading on Friday, hitting $158.98. The company’s stock had a trading volume of 423,224 shares, compared to its average volume of 2,190,191. The firm has a market cap of $21.67 billion, a P/E ratio of 29.77, a PEG ratio of 0.60 and a beta of 1.79. The firm has a 50-day moving average price of $143.19 and a two-hundred day moving average price of $130.70. Expedia Group has a 52-week low of $92.48 and a 52-week high of $164.65. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results 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. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same period in the prior year, the company posted $2.34 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts anticipate that Expedia Group will post 8.98 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the firm’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 sale, the insider now owns 84,543 shares in the company, valued at approximately $11,379,487.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the sale, the director now directly owns 208,505 shares in the company, valued at $31,319,536.05. 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 ninety days, insiders have sold 38,019 shares of company stock valued at $5,390,191. 8.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Expedia Group

Several hedge funds have recently added to or reduced their stakes in EXPE. ORG Partners LLC boosted its stake in shares of Expedia Group by 4,525.0% in the 1st quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after purchasing an additional 181 shares during the last quarter. Innealta Capital LLC acquired a new stake in Expedia Group during the 2nd quarter worth $27,000. Blue Trust Inc. raised its position 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 valued at $30,000 after acquiring an additional 105 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of Expedia Group in the 1st quarter valued at $40,000. Finally, LRI Investments LLC bought a new position in shares of Expedia Group in the 1st quarter worth $48,000. Institutional investors own 90.76% of the company’s stock.

About Expedia Group

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.