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

Key Points

• UBS Group raised its price target for Expedia Group's stock from $182.00 to $209.00, indicating a potential upside of 9.01% from the stock's previous close.
• Expedia Group recently reported a quarterly EPS of $4.24, beating analysts' estimates, with revenue at $3.79 billion, reflecting a year-over-year increase of 6.4%.
• The current average rating for Expedia Group's stock among analysts is "Moderate Buy", with a consensus target price of $200.19.

Expedia Group (NASDAQ:EXPE - Get Free Report) had its price target increased by equities research analysts at UBS Group from $182.00 to $209.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the online travel company's stock. UBS Group's price target indicates a potential upside of 9.01% from the stock's previous close.

EXPE has been the subject of a number of other research reports. Benchmark raised their price target on Expedia Group from $215.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday. B. Riley increased their price objective on shares of Expedia Group from $222.00 to $260.00 and gave the company a "buy" rating in a report on Friday. Truist Financial decreased their price target on Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a report on Tuesday, June 24th. Wall Street Zen raised Expedia Group from a "hold" rating to a "buy" rating in a research report on Monday, July 28th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 price objective on shares of Expedia Group in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $200.19.

Expedia Group Stock Up 2.2%

EXPE stock traded up $4.11 during mid-day trading on Friday, hitting $191.72. 4,580,064 shares of the company were exchanged, compared to its average volume of 2,105,751. The firm has a market cap of $24.37 billion, a P/E ratio of 22.61, a P/E/G 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 firm's 50 day simple moving average is $176.06 and its 200 day simple moving average is $172.61. 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 results on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, beating analysts' consensus estimates of $4.13 by $0.11. The business 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.51 EPS. On average, sell-side analysts predict that Expedia Group will post 12.28 EPS for the current fiscal year.

Institutional Trading of Expedia Group

Several large investors have recently made changes to their positions in EXPE. First Horizon Advisors Inc. raised its position in Expedia Group by 4.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,346 shares of the online travel company's stock valued at $227,000 after purchasing an additional 55 shares in the last quarter. New York Life Investment Management LLC raised its holdings in shares of Expedia Group by 0.4% in the second quarter. New York Life Investment Management LLC now owns 16,789 shares of the online travel company's stock worth $2,832,000 after acquiring an additional 64 shares during the last quarter. Altman Advisors Inc. increased its stake in Expedia Group by 0.5% during the first quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock worth $2,093,000 after acquiring an additional 65 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Expedia Group by 14.1% in the first quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock worth $94,000 after buying an additional 69 shares during the period. Finally, Consilio Wealth Advisors LLC boosted its holdings in Expedia Group by 4.1% in the second quarter. Consilio Wealth Advisors LLC now owns 1,786 shares of the online travel company's stock valued at $305,000 after purchasing an additional 71 shares during the last quarter. 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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