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

Key Points

• Piper Sandler analysts have raised their price target for Expedia Group (NASDAQ:EXPE) from $135.00 to $190.00, indicating a potential upside of 1.27% from the company's previous close.
• Expedia's stock has received mixed reviews with ratings, including one sell, seventeen holds, eleven buys, and three strong buys, resulting in a consensus rating of "Moderate Buy".
• In Q2, Expedia reported an EPS of $4.24, beating expectations and marking a 6.4% revenue increase year-over-year with $3.79 billion in revenue.

Expedia Group (NASDAQ:EXPE - Get Free Report) had its price objective boosted by stock analysts at Piper Sandler from $135.00 to $190.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "underweight" rating on the online travel company's stock. Piper Sandler's price target would indicate a potential upside of 1.27% from the company's previous close.

A number of other research analysts have also issued reports on EXPE. Wall Street Zen raised Expedia Group from a "hold" rating to a "buy" rating in a report on Monday, July 28th. Benchmark restated a "buy" rating on shares of Expedia Group in a report on Wednesday, July 23rd. UBS Group boosted their price objective on shares of Expedia Group from $166.00 to $182.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Oppenheimer lowered their target price on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Finally, Wedbush reissued a "neutral" rating and set a $165.00 price target (down previously from $180.00) on shares of Expedia Group in a research note on Friday, May 9th. 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 assigned 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 an average price target of $192.62.

Expedia Group Stock Performance

EXPE opened at $187.61 on Friday. The firm has a market capitalization of $23.85 billion, a PE ratio of 22.12, a PEG ratio of 0.88 and a beta of 1.61. Expedia Group has a twelve month low of $112.68 and a twelve month high of $207.73. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. The firm's 50-day moving average price is $176.06 and its 200 day moving average price is $172.61.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its earnings results on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, topping the consensus estimate of $4.13 by $0.11. The firm had revenue of $3.79 billion during the quarter, compared to analysts' expectations of $3.70 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. Expedia Group's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.51 EPS. As a group, sell-side analysts expect that Expedia Group will post 12.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds have recently bought and sold shares of the company. Quinn Opportunity Partners LLC lifted its holdings in Expedia Group by 15.6% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 44,500 shares of the online travel company's stock worth $7,506,000 after buying an additional 6,000 shares during the last quarter. Forsta AP Fonden boosted its holdings in shares of Expedia Group by 0.8% in the second quarter. Forsta AP Fonden now owns 50,300 shares of the online travel company's stock valued at $8,485,000 after acquiring an additional 400 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Expedia Group by 51.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 323,152 shares of the online travel company's stock worth $54,509,000 after buying an additional 109,686 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Expedia Group by 66.1% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 337,847 shares of the online travel company's stock valued at $56,988,000 after acquiring an additional 134,408 shares during the last quarter. Finally, National Pension Service boosted its holdings in Expedia Group by 0.6% during the second quarter. National Pension Service now owns 232,717 shares of the online travel company's stock worth $39,255,000 after buying an additional 1,434 shares in 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.

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