BTIG Research Boosts Expedia Group (NASDAQ:EXPE) Price Target to $400.00

Key Points

• BTIG Research raised Expedia Group’s price target from $350 to $400 and maintained a “buy” rating, implying 17.95% upside from the prior close.
• Expedia reported quarterly EPS of $5.76, beating estimates of $5.22, while revenue reached $4.32 billion and increased 14% year over year.
• Analyst sentiment remains mixed: 18 firms rate the stock a buy and 21 rate it a hold, producing an overall “hold” consensus and average price target of $317.45.

Expedia Group (NASDAQ:EXPE - Get Free Report) had its target price raised by BTIG Research from $350.00 to $400.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the online travel company's stock. BTIG Research's price objective suggests a potential upside of 17.95% from the company's previous close.

A number of other research analysts have also recently commented on the company. Wells Fargo & Company raised their target price on Expedia Group from $303.00 to $307.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Weiss Ratings raised Expedia Group from a "hold (c)" rating to a "buy (b-)" rating in a research note on Friday. Royal Bank Of Canada raised their price objective on Expedia Group from $290.00 to $330.00 and gave the company a "sector perform" rating in a research report on Thursday, August 6th. Barclays boosted their target price on shares of Expedia Group from $264.00 to $320.00 and gave the company an "equal weight" rating in a report on Thursday, August 6th. Finally, Wedbush upped their target price on shares of Expedia Group from $334.00 to $417.00 and gave the stock an "outperform" rating in a research report on Thursday. Eighteen investment analysts have rated the stock with a Buy rating and twenty-one have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $317.45.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $339.13 on Tuesday. Expedia Group has a 1 year low of $185.34 and a 1 year high of $341.09. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. The company's 50-day moving average is $282.32 and its 200 day moving average is $248.62. The stock has a market capitalization of $40.70 billion, a P/E ratio of 21.14, a P/E/G ratio of 0.79 and a beta of 1.22.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, topping the consensus estimate of $5.22 by $0.54. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. Expedia Group's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the business posted $4.24 earnings per share. On average, sell-side analysts expect that Expedia Group will post 17.15 earnings per share for the current year.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 2,000 shares of the business's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $330.50, for a total value of $661,000.00. Following the sale, the insider directly owned 105,335 shares of the company's stock, valued at approximately $34,813,217.50. The trade was a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Craig A. Jacobson sold 3,133 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total value of $1,029,253.16. Following the completion of the sale, the director directly owned 29,832 shares in the company, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 15,648 shares of company stock valued at $4,641,221. 5.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Expedia Group

A number of institutional investors and hedge funds have recently bought and sold shares of EXPE. Motiv8 Investments LLC purchased a new stake in shares of Expedia Group during the fourth quarter valued at approximately $25,000. Entrust Financial LLC purchased a new position in Expedia Group in the 4th quarter worth approximately $26,000. First Bancorp Inc ME bought a new position in Expedia Group in the 2nd quarter valued at approximately $28,000. Sunbelt Securities Inc. lifted its position in Expedia Group by 970.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company's stock valued at $39,000 after acquiring an additional 165 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its stake in Expedia Group by 272.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock valued at $46,000 after purchasing an additional 131 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Company Profile

Expedia Group NASDAQ: EXPE is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company's platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.

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