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

Key Points

• Benchmark analysts have raised the target price for Expedia Group from $215 to $265, indicating a potential upside of 35.28% from its previous close and maintaining a "buy" rating on the stock.
• Expedia Group reported quarterly earnings of $4.24 per share, surpassing estimates, with revenue increasing by 6.4% year-over-year to $3.79 billion.
• Institutional investors hold 90.76% of Expedia Group's stock, with notable increases in holdings from several hedge funds in the first quarter of this year.

Expedia Group (NASDAQ:EXPE - Get Free Report) had its target price increased by equities research analysts at Benchmark from $215.00 to $265.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the online travel company's stock. Benchmark's target price would indicate a potential upside of 35.28% from the company's previous close.

EXPE has been the topic of several other reports. Citigroup reaffirmed a "buy" rating on shares of Expedia Group in a research note on Friday. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 target price on shares of Expedia Group in a report on Wednesday, July 23rd. Barclays raised their price objective on Expedia Group from $190.00 to $197.00 and gave the stock an "equal weight" rating in a research note on Friday. Wedbush reaffirmed a "neutral" rating and issued a $165.00 price objective (down previously from $180.00) on shares of Expedia Group in a research note on Friday, May 9th. Finally, Susquehanna cut their target price on Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $195.77.

Expedia Group Price Performance

NASDAQ:EXPE traded up $8.28 during mid-day trading on Friday, reaching $195.89. The stock had a trading volume of 3,234,674 shares, compared to its average volume of 2,095,995. The firm has a 50 day moving average price of $176.06 and a two-hundred day moving average price of $172.61. The stock has a market capitalization of $24.90 billion, a P/E ratio of 23.20, a P/E/G ratio of 0.88 and a beta of 1.61. Expedia Group has a one year low of $125.50 and a one 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 announced 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. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The firm had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the company posted $3.51 earnings per share. The business's revenue was up 6.4% on a year-over-year basis. As a group, analysts expect that Expedia Group will post 12.28 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Hunter Associates Investment Management LLC increased its holdings in shares of Expedia Group by 10.2% in the first quarter. Hunter Associates Investment Management LLC now owns 29,950 shares of the online travel company's stock valued at $5,051,000 after purchasing an additional 2,776 shares during the period. Praxis Investment Management Inc. grew its holdings in Expedia Group by 63.5% in the first quarter. Praxis Investment Management Inc. now owns 4,610 shares of the online travel company's stock valued at $775,000 after purchasing an additional 1,790 shares during the period. Monument Capital Management purchased a new position in shares of Expedia Group in the first quarter valued at approximately $2,261,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Expedia Group by 19.0% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,838 shares of the online travel company's stock worth $2,662,000 after buying an additional 2,534 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Expedia Group by 3.2% during the first quarter. State of Alaska Department of Revenue now owns 14,451 shares of the online travel company's stock worth $2,429,000 after buying an additional 445 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

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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