Barclays Increases Expedia Group (NASDAQ:EXPE) Price Target to $153.00

Expedia Group (NASDAQ:EXPE) had its price target hoisted by equities researchers at Barclays from $134.00 to $153.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the online travel company’s stock. Barclays‘s price objective would indicate a potential downside of 17.28% from the company’s previous close.

EXPE has been the subject of a number of other reports. Bank of America increased their price target on Expedia Group from $144.00 to $166.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. BTIG Research increased their price objective on shares of Expedia Group from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Jefferies Financial Group boosted their target price on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Citigroup raised their price target on shares of Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $140.00 price objective on shares of Expedia Group in a report on Friday, August 9th. Twenty equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $159.88.

Expedia Group Stock Up 6.2 %

Shares of Expedia Group stock traded up $10.83 on Friday, reaching $184.96. The stock had a trading volume of 2,818,812 shares, compared to its average volume of 2,175,263. Expedia Group has a 1 year low of $107.25 and a 1 year high of $190.40. The company has a 50 day moving average price of $148.31 and a 200 day moving average price of $132.84. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. The stock has a market capitalization of $24.08 billion, a P/E ratio of 23.80, a P/E/G ratio of 0.62 and a beta of 1.78.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.34. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.34 earnings per share. As a group, equities research analysts forecast that Expedia Group will post 8.99 EPS for the current year.

Insiders Place Their Bets

In other news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were 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 owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction 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 transaction, the director now directly owns 208,505 shares in the company, valued at approximately $31,319,536.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,019 shares of company stock worth $6,958,891. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

A number of institutional investors and hedge funds have recently modified their holdings of EXPE. Empirical Finance LLC increased its stake in Expedia Group by 3.2% during the 1st quarter. Empirical Finance LLC now owns 5,101 shares of the online travel company’s stock worth $703,000 after buying an additional 157 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Expedia Group by 17.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,988 shares of the online travel company’s stock worth $549,000 after purchasing an additional 579 shares in the last quarter. LSV Asset Management acquired a new position in Expedia Group in the 1st quarter valued at $8,361,000. Oppenheimer Asset Management Inc. raised its stake in Expedia Group by 36.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,037 shares of the online travel company’s stock valued at $1,796,000 after purchasing an additional 3,496 shares during the last quarter. Finally, Forsta AP Fonden lifted its holdings in Expedia Group by 7.8% in the 1st quarter. Forsta AP Fonden now owns 37,500 shares of the online travel company’s stock valued at $5,166,000 after purchasing an additional 2,700 shares in the last quarter. 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.