Expedia Group's (EXPE) Buy Rating Reiterated at BTIG Research

Expedia Group (NASDAQ:EXPE - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at BTIG Research in a note issued to investors on Tuesday, Benzinga reports. They currently have a $400.00 price target on the online travel company's stock. BTIG Research's target price points to a potential upside of 53.75% from the company's previous close.

A number of other research firms have also recently weighed in on EXPE. B. Riley Financial boosted their target price on shares of Expedia Group from $350.00 to $390.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. UBS Group raised their price objective on Expedia Group from $322.00 to $351.00 and gave the company a "neutral" rating in a report on Wednesday, August 12th. Bank of America restated a "buy" rating on shares of Expedia Group in a research report on Thursday, August 6th. BMO Capital Markets reiterated a "market perform" rating and issued a $285.00 target price on shares of Expedia Group in a research report on Friday, August 7th. Finally, Wells Fargo & Company lifted their price target 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. Eighteen equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $316.18.

Expedia Group Stock Down 1.8%

EXPE stock opened at $260.17 on Tuesday. The stock has a market capitalization of $31.23 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 0.64 and a beta of 1.36. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21. Expedia Group has a 12 month low of $185.34 and a 12 month high of $342.00. The firm has a 50-day moving average price of $298.42 and a 200-day moving average price of $262.21.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.22 by $0.54. The company had revenue of $4.32 billion for 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%. The firm's revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $4.24 EPS. As a group, equities research analysts anticipate that Expedia Group will post 17.26 EPS for the current fiscal year.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 1,004 shares of Expedia Group stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $335.00, for a total value of $336,340.00. Following the transaction, the insider directly owned 104,331 shares of the company's stock, valued at $34,950,885. The trade was a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig A. Jacobson sold 3,133 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The shares were 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 owned 29,832 shares in the company, valued at $9,800,408.64. The trade was a 9.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 11,950 shares of company stock worth $3,881,995. Insiders own 5.20% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. First Bancorp Inc ME acquired a new stake in shares of Expedia Group during the second quarter worth $28,000. Elevation Wealth Partners LLC lifted its holdings in Expedia Group by 272.9% in the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock valued at $46,000 after buying an additional 131 shares during the period. Cache Advisors LLC bought a new stake in Expedia Group during the first quarter valued at $48,000. CENTRAL TRUST Co grew its holdings in Expedia Group by 1,147.1% during the 1st quarter. CENTRAL TRUST Co now owns 212 shares of the online travel company's stock worth $49,000 after acquiring an additional 195 shares during the period. Finally, Sound Income Strategies LLC grew its holdings in Expedia Group by 1,618.8% during the 1st quarter. Sound Income Strategies LLC now owns 275 shares of the online travel company's stock worth $63,000 after acquiring an additional 259 shares during the period. Institutional investors own 90.76% of the company's stock.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its platforms support the search, comparison and booking of lodging, air travel, car rentals, cruises, vacation packages, activities and other travel-related offerings.

The company operates a portfolio of consumer brands that includes Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these brands, Expedia Group serves individual travelers, property owners, travel suppliers and business partners across markets in North America, Europe, Asia-Pacific and other international regions.

Expedia Group traces its origins to Expedia, which was established within Microsoft in 1996 and became an independent public company in 1999.