Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, Barclays Analyst Says

Key Points

• Barclays raised its price target for Expedia Group from $190.00 to $197.00, maintaining an "equal weight" rating despite indicating a potential downside from its current stock value.
• Expedia reported a quarterly earnings per share of $4.24, exceeding estimates and reflecting a 6.4% revenue increase compared to the same quarter last year.
• Institutional investors have shown increased engagement with Expedia Group, with Spire Wealth Management boosting its holdings by 114.3% in the second quarter.

Expedia Group (NASDAQ:EXPE - Get Free Report) had its price target hoisted by analysts at Barclays from $190.00 to $197.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the online travel company's stock. Barclays's price objective would suggest a potential downside of 5.02% from the company's previous close.

EXPE has been the subject of several other reports. Bank of America raised their target price on Expedia Group from $211.00 to $240.00 and gave the company a "buy" rating in a research note on Friday. Wall Street Zen upgraded shares of Expedia Group from a "hold" rating to a "buy" rating in a research note on Monday, July 28th. Benchmark reaffirmed a "buy" rating on shares of Expedia Group in a research note on Wednesday, July 23rd. Truist Financial decreased their target price on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a research report on Tuesday, June 24th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 price target on shares of Expedia Group in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $193.85.

Expedia Group Trading Up 10.6%

Shares of EXPE stock opened at $207.42 on Friday. Expedia Group has a fifty-two week low of $125.50 and a fifty-two week high of $216.11. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50 day simple moving average of $176.06 and a two-hundred day simple moving average of $172.61. The company has a market cap of $26.37 billion, a P/E ratio of 24.73, a PEG ratio of 0.88 and a beta of 1.61.

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

Hedge Funds Weigh In On Expedia Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Spire Wealth Management increased its holdings in Expedia Group by 114.3% during 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 during the period. Minot DeBlois Advisors LLC bought a new stake in Expedia Group in the 4th quarter worth about $27,000. McClarren Financial Advisors Inc. bought a new position in Expedia Group during the 1st quarter valued at about $28,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Expedia Group during the 1st quarter valued at about $28,000. Finally, GFG Capital LLC bought a new stake in shares of Expedia Group in the second quarter worth approximately $29,000. 90.76% of the stock is currently 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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