Oppenheimer Issues Positive Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its price objective upped by Oppenheimer from $155.00 to $210.00 in a report issued on Friday,Benzinga reports. They currently have an outperform rating on the online travel company’s stock.

Other analysts have also issued reports about the stock. StockNews.com upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Friday, November 1st. Benchmark raised their price objective on shares of Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday. Citigroup raised their price objective 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $140.00 target price on shares of Expedia Group in a research note on Friday, August 9th. Finally, BTIG Research raised their target price on shares of Expedia Group from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Twenty investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $159.88.

Expedia Group Trading Up 3.8 %

Expedia Group stock traded up $6.63 during mid-day trading on Friday, hitting $180.76. The company’s stock had a trading volume of 4,871,457 shares, compared to its average volume of 1,550,834. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $23.53 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 0.67 and a beta of 1.78. The business has a 50 day moving average price of $149.81 and a 200-day moving average price of $133.47. Expedia Group has a 12 month low of $107.25 and a 12 month high of $190.40.

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

Insider Activity at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Friday, November 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the transaction, the director now owns 188,505 shares in the company, valued at approximately $29,570,779.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the transaction, the director now directly owns 188,505 shares in the company, valued at approximately $29,570,779.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 $11,829,740. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,019 shares of company stock worth $6,958,891. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

Several hedge funds have recently added to or reduced their stakes in EXPE. Innealta Capital LLC bought a new position in Expedia Group during the 2nd quarter valued at about $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 valued at $30,000 after buying an additional 105 shares during the period. Crewe Advisors LLC purchased a new stake in Expedia Group in the 1st quarter valued at about $40,000. LRI Investments LLC purchased a new stake in Expedia Group in the 1st quarter valued at about $48,000. Finally, Cedar Wealth Management LLC purchased a new stake in Expedia Group in the 1st quarter valued at about $49,000. 90.76% of the stock is currently owned by institutional investors.

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.