Expedia Group (NASDAQ:EXPE) PT Raised to $156.00 at UBS Group

Expedia Group (NASDAQ:EXPE) had its price objective hoisted by UBS Group from $137.00 to $156.00 in a report issued on Wednesday, Benzinga reports. UBS Group currently has a neutral rating on the online travel company’s stock.

EXPE has been the subject of several other reports. BTIG Research raised their price objective on shares of Expedia Group from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Truist Financial started coverage on shares of Expedia Group in a research report on Friday, September 6th. They set a “hold” rating and a $148.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Piper Sandler restated a “neutral” rating and set a $140.00 price objective (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Finally, DA Davidson restated a “neutral” rating and set a $135.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. Nineteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $152.15.

Expedia Group Trading Down 1.8 %

Expedia Group stock opened at $158.36 on Wednesday. Expedia Group has a 52 week low of $92.48 and a 52 week high of $164.65. 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 stock has a market capitalization of $21.58 billion, a P/E ratio of 29.66, a PEG ratio of 0.60 and a beta of 1.79. The stock has a 50-day simple moving average of $143.19 and a 200 day simple moving average of $130.70.

Expedia Group (NASDAQ:EXPE) last posted its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter last year, the company posted $2.34 earnings per share. Expedia Group’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that Expedia Group will post 8.98 earnings per share for the current year.

Insiders Place Their Bets

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the sale, the director now owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the sale, the director now owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,019 shares of company stock valued at $5,390,191. 8.07% of the stock is currently owned by insiders.

Institutional Trading of Expedia Group

Several institutional investors have recently modified their holdings of EXPE. Pacer Advisors Inc. grew its stake in shares of Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after purchasing an additional 714,229 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Expedia Group by 414.4% in the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock worth $94,512,000 after purchasing an additional 552,831 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in Expedia Group by 1,649.4% in the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock valued at $51,354,000 after buying an additional 384,305 shares during the period. AustralianSuper Pty Ltd lifted its holdings in Expedia Group by 88.8% in the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock valued at $94,903,000 after buying an additional 354,389 shares during the period. Finally, Marshall Wace LLP acquired a new position in Expedia Group in the second quarter valued at $39,183,000. 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.