Expedia Group (NASDAQ:EXPE) Price Target Raised to $211.00

Expedia Group (NASDAQ:EXPE - Get Free Report) had its price target increased by research analysts at Bank of America from $205.00 to $211.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the online travel company's stock. Bank of America's price target points to a potential upside of 34.78% from the company's current price.

A number of other research firms have also recently issued reports on EXPE. DA Davidson upped their price target on shares of Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a report on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Benchmark restated a "buy" rating and set a $200.00 price target on shares of Expedia Group in a report on Tuesday, February 4th. BMO Capital Markets increased their target price on shares of Expedia Group from $165.00 to $190.00 and gave the company a "market perform" rating in a research note on Monday, February 10th. Finally, Wedbush reiterated a "neutral" rating on shares of Expedia Group in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $189.04.

Expedia Group Stock Down 7.4%

Expedia Group stock traded down $12.44 during mid-day trading on Friday, hitting $156.55. 6,377,474 shares of the company's stock were exchanged, compared to its average volume of 1,934,232. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The stock has a market cap of $20.17 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.92 and a beta of 1.62. Expedia Group has a 1-year low of $107.25 and a 1-year high of $207.73. The stock has a 50 day moving average of $161.69 and a two-hundred day moving average of $175.85.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the company earned $0.21 earnings per share. The company's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, analysts anticipate that Expedia Group will post 12.28 EPS for the current fiscal year.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the sale, the insider now owns 74,502 shares of the company's stock, valued at approximately $15,325,061.40. This represents a 6.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.80% of the company's stock.

Hedge Funds Weigh In On Expedia Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Expedia Group in the fourth quarter worth $670,565,000. Los Angeles Capital Management LLC lifted its position in shares of Expedia Group by 3,369.4% during the first quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company's stock valued at $172,995,000 after purchasing an additional 999,454 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Expedia Group during the first quarter worth about $82,975,000. Bamco Inc. NY purchased a new stake in Expedia Group during the fourth quarter worth about $80,206,000. Finally, Alkeon Capital Management LLC increased its holdings in Expedia Group by 25.4% during the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock worth $368,276,000 after buying an additional 400,000 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.