Expedia Group (NASDAQ:EXPE) Coverage Initiated at Truist Financial

Truist Financial started coverage on shares of Expedia Group (NASDAQ:EXPE) in a research report issued on Friday, Briefing.com reports. The firm set a “hold” rating and a $148.00 price target on the online travel company’s stock. Truist Financial’s price objective indicates a potential upside of 9.48% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. Cantor Fitzgerald started coverage on shares of Expedia Group in a research note on Thursday. They set a “neutral” rating and a $130.00 price objective for the company. Benchmark reaffirmed a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Citigroup boosted their target price 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. Susquehanna boosted their target price on shares of Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $145.00 target price on shares of Expedia Group in a report on Wednesday, May 15th. Eighteen analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $148.00.

Expedia Group Stock Up 0.2 %

EXPE opened at $135.19 on Friday. Expedia Group has a fifty-two week low of $92.48 and a fifty-two week high of $160.05. 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 company has a fifty day moving average of $129.80 and a two-hundred day moving average of $128.11. The stock has a market capitalization of $18.42 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 0.55 and a beta of 1.78.

Expedia Group (NASDAQ:EXPE) last released its 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. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.34 earnings per share. On average, research analysts expect that Expedia Group will post 8.91 earnings per share for the current year.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group 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 sale, the insider now owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group 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 sale, the insider now owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 12,602 shares of Expedia Group 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 completion of the sale, the insider now directly owns 89,960 shares in the company, valued at approximately $11,829,740. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by company insiders.

Institutional Trading of Expedia Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Hohimer Wealth Management LLC boosted its holdings in Expedia Group by 1.2% during the fourth quarter. Hohimer Wealth Management LLC now owns 6,711 shares of the online travel company’s stock worth $1,019,000 after buying an additional 78 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Expedia Group by 7.4% in the fourth quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company’s stock valued at $176,000 after purchasing an additional 80 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Expedia Group by 0.4% in the first quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock valued at $3,354,000 after purchasing an additional 87 shares in the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Expedia Group by 5.8% in the first quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock valued at $221,000 after purchasing an additional 88 shares in the last quarter. Finally, Commerce Bank lifted its holdings in shares of Expedia Group by 4.3% in the fourth quarter. Commerce Bank now owns 2,304 shares of the online travel company’s stock valued at $350,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other 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.