Expedia Group, Inc. (NASDAQ:EXPE) Stock Has Average Target Price of $312.61 According to Brokerages

Key Points

• Analysts collectively rate Expedia “Hold”: Of 39 covering analysts, 20 recommend holding, 18 recommend buying and one recommends selling; the average 12-month price target is $312.61.
• Recent analyst views vary widely: price targets include $204 from Stifel Nicolaus and $400 from BTIG, while Morgan Stanley downgraded the stock to underweight.
• Expedia beat quarterly expectations, reporting adjusted earnings of $5.76 per share and revenue of $4.32 billion; revenue rose 14% year over year.

Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report) has been assigned an average rating of "Hold" from the thirty-nine analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, twenty have issued a hold rating and eighteen have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $312.61.

A number of analysts recently weighed in on EXPE shares. Jefferies Financial Group increased their price objective on shares of Expedia Group from $300.00 to $310.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Stifel Nicolaus set a $204.00 target price on shares of Expedia Group in a research note on Tuesday. Benchmark boosted their target price on shares of Expedia Group from $290.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. BTIG Research restated a "buy" rating and issued a $400.00 target price on shares of Expedia Group in a research report on Tuesday, October 6th. Finally, Morgan Stanley lowered shares of Expedia Group from an "equal weight" rating to an "underweight" rating and set a $235.00 price target on the stock. in a research note on Wednesday, September 16th.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 2,810 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value of $909,456.50. Following the sale, the chief accounting officer directly owned 12,006 shares in the company, valued at $3,885,741.90. This trade represents a 18.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 3,003 shares of Expedia Group stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $315.00, for a total value of $945,945.00. Following the sale, the insider directly owned 103,829 shares in the company, valued at $32,706,135. The trade was a 2.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 11,950 shares of company stock worth $3,881,995. Company insiders own 5.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP boosted its stake in shares of Expedia Group by 104.1% during the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company's stock worth $275,112,000 after acquiring an additional 607,698 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Expedia Group by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,190,874 shares of the online travel company's stock worth $274,948,000 after purchasing an additional 17,378 shares during the period. Pacer Advisors Inc. raised its position in shares of Expedia Group by 13.3% during the first quarter. Pacer Advisors Inc. now owns 1,069,524 shares of the online travel company's stock worth $246,942,000 after purchasing an additional 125,749 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Expedia Group by 67.7% during the second quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company's stock valued at $199,622,000 after purchasing an additional 314,984 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Expedia Group during the second quarter valued at $166,203,000. Institutional investors own 90.76% of the company's stock.

Expedia Group Price Performance

Shares of EXPE opened at $285.77 on Wednesday. Expedia Group has a 12 month low of $185.34 and a 12 month high of $342.00. 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 stock has a fifty day moving average price of $284.66 and a 200 day moving average price of $259.49. The company has a market cap of $34.30 billion, a P/E ratio of 17.82, a PEG ratio of 0.72 and a beta of 1.39.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%. The company had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4.17 billion. During the same period last year, the business posted $4.24 earnings per share. The firm's quarterly revenue was up 14.0% compared to the same quarter last year. On average, research analysts forecast that Expedia Group will post 17.37 earnings per share for the current year.

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 offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group's consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.

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