Expedia Group (NASDAQ:EXPE) Given a $202.00 Price Target at Ascendiant Capital Markets

Ascendiant Capital Markets set a $202.00 price objective on Expedia Group (NASDAQ:EXPEGet Rating) in a research report report published on Monday, Stock Target Advisor reports.

Several other equities research analysts have also issued reports on the stock. Royal Bank of Canada reduced their target price on shares of Expedia Group from $200.00 to $185.00 in a report on Tuesday, May 3rd. Mizuho increased their target price on shares of Expedia Group from $155.00 to $172.00 in a report on Tuesday, May 3rd. BTIG Research reduced their target price on shares of Expedia Group from $235.00 to $150.00 and set a buy rating for the company in a report on Wednesday, June 15th. StockNews.com raised shares of Expedia Group from a hold rating to a buy rating in a report on Thursday, May 5th. Finally, Redburn Partners raised shares of Expedia Group from a neutral rating to a buy rating in a report on Wednesday, May 18th. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Expedia Group currently has an average rating of Moderate Buy and a consensus target price of $200.44.

Shares of EXPE stock opened at $94.02 on Monday. Expedia Group has a 12 month low of $92.22 and a 12 month high of $217.72. The stock has a market cap of $14.77 billion, a P/E ratio of 81.05, a P/E/G ratio of 1.37 and a beta of 1.53. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.16. The company has a 50 day simple moving average of $136.90 and a two-hundred day simple moving average of $167.77.

Expedia Group (NASDAQ:EXPEGet Rating) last announced its earnings results on Monday, May 2nd. The online travel company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.24). Expedia Group had a net margin of 4.87% and a return on equity of 11.93%. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the prior year, the company posted ($2.59) earnings per share. As a group, equities analysts forecast that Expedia Group will post 4.8 earnings per share for the current year.

In related news, CAO Lance A. Soliday sold 376 shares of Expedia Group stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $124.12, for a total transaction of $46,669.12. Following the completion of the transaction, the chief accounting officer now directly owns 8,949 shares of the company’s stock, valued at approximately $1,110,749.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 20,000 shares of Expedia Group stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $198.29, for a total transaction of $3,965,800.00. Following the transaction, the director now directly owns 262,112 shares of the company’s stock, valued at $51,974,188.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,376 shares of company stock worth $6,741,869. Insiders own 5.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Brinker Capital Investments LLC boosted its position in Expedia Group by 6.4% in the 4th quarter. Brinker Capital Investments LLC now owns 4,924 shares of the online travel company’s stock valued at $890,000 after buying an additional 297 shares during the period. HighTower Advisors LLC boosted its position in Expedia Group by 46.8% in the 4th quarter. HighTower Advisors LLC now owns 23,485 shares of the online travel company’s stock valued at $4,244,000 after buying an additional 7,490 shares during the period. CIBC World Markets Inc. boosted its position in Expedia Group by 115.3% in the 4th quarter. CIBC World Markets Inc. now owns 28,015 shares of the online travel company’s stock valued at $5,063,000 after buying an additional 15,005 shares during the period. Southpoint Capital Advisors LP boosted its position in Expedia Group by 6.7% in the 4th quarter. Southpoint Capital Advisors LP now owns 1,600,000 shares of the online travel company’s stock valued at $289,152,000 after buying an additional 100,000 shares during the period. Finally, Summit X LLC boosted its position in Expedia Group by 3.9% in the 4th quarter. Summit X LLC now owns 3,048 shares of the online travel company’s stock valued at $553,000 after buying an additional 115 shares during the period. 96.08% of the stock is owned by hedge funds and other institutional investors.

About Expedia Group (Get Rating)

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.

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