Expedia Group (NASDAQ:EXPE) Given New $218.00 Price Target at DA Davidson

Key Points

• DA Davidson has increased the price target for Expedia Group from $174.00 to $218.00, suggesting an 11.65% upside from its current stock price.
• Expedia Group reported earnings of $4.24 per share, exceeding expectations, with a revenue of $3.79 billion for the quarter.
• The stock currently holds a “Moderate Buy” rating from analysts, with an average price target set at $203.00.

Expedia Group (NASDAQ:EXPE - Get Free Report) had its target price boosted by stock analysts at DA Davidson from $174.00 to $218.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the online travel company's stock. DA Davidson's price target points to a potential upside of 11.65% from the company's current price.

Several other research analysts have also recently weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Expedia Group from $180.00 to $200.00 and gave the stock a "sector perform" rating in a research note on Friday. Morgan Stanley raised their price objective on shares of Expedia Group from $150.00 to $165.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Piper Sandler raised their price objective on shares of Expedia Group from $135.00 to $190.00 and gave the company an "underweight" rating in a research report on Friday. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price objective on shares of Expedia Group in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Expedia Group from $178.00 to $211.00 and gave the company an "equal weight" rating in a research report on Friday. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Expedia Group currently has an average rating of "Moderate Buy" and an average price target of $203.00.

Expedia Group Stock Performance

Shares of Expedia Group stock traded up $7.65 on Friday, hitting $195.26. 6,959,694 shares of the company's stock were exchanged, compared to its average volume of 2,114,560. The company has a 50-day simple moving average of $176.06 and a 200-day simple moving average of $172.61. The stock has a market capitalization of $24.82 billion, a PE ratio of 23.03, a PEG ratio of 0.88 and a beta of 1.61. Expedia Group has a 1 year low of $125.50 and a 1 year high of $213.00. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $4.13 by $0.11. The business had revenue of $3.79 billion for the quarter, compared to analysts' expectations of $3.70 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The company's revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.51 EPS. As a group, equities analysts anticipate that Expedia Group will post 12.28 EPS for the current year.

Institutional Investors Weigh In On Expedia Group

Several large investors have recently added to or reduced their stakes in the stock. Spire Wealth Management raised its holdings in shares of Expedia Group by 114.3% in the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company's stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Minot DeBlois Advisors LLC bought a new position in shares of Expedia Group during the 4th quarter worth approximately $27,000. McClarren Financial Advisors Inc. bought a new position in shares of Expedia Group during the 1st quarter worth approximately $28,000. Atlas Capital Advisors Inc. bought a new position in shares of Expedia Group during the 1st quarter worth approximately $28,000. Finally, GFG Capital LLC bought a new position in shares of Expedia Group during the 2nd quarter worth approximately $29,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

About Expedia Group

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.

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