Royal Bank Of Canada Boosts Expedia Group (NASDAQ:EXPE) Price Target to $200.00

Key Points

• The Royal Bank of Canada has increased its price target for Expedia Group from $180.00 to $200.00, suggesting a potential upside of 3.39% from its current price.
• Several analysts have upgraded their ratings, with Wedbush setting a target of $220.00 and Wells Fargo raising theirs to $211.00.
• Expedia reported earnings of $4.24 per share for the last quarter, exceeding estimates and indicating a 6.4% year-over-year revenue growth.

Expedia Group (NASDAQ:EXPE - Get Free Report) had its target price lifted by equities researchers at Royal Bank Of Canada from $180.00 to $200.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "sector perform" rating on the online travel company's stock. Royal Bank Of Canada's target price would suggest a potential upside of 3.39% from the stock's current price.

Several other analysts have also recently weighed in on the company. Wedbush raised their price target on Expedia Group from $175.00 to $220.00 and gave the company a "neutral" rating in a report on Friday. Citigroup reissued a "buy" rating on shares of Expedia Group in a report on Friday. Wall Street Zen upgraded shares of Expedia Group from a "hold" rating to a "buy" rating in a research report on Monday, July 28th. Wells Fargo & Company increased their price target 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. Finally, B. Riley upped their price objective on shares of Expedia Group from $222.00 to $260.00 and gave the company a "buy" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Expedia Group presently has a consensus rating of "Moderate Buy" and an average target price of $202.50.

Expedia Group Price Performance

Shares of EXPE traded up $5.83 during midday trading on Friday, hitting $193.44. 4,976,758 shares of the company traded hands, compared to its average volume of 2,108,054. The stock has a 50-day moving average of $176.06 and a 200-day moving average of $172.61. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group has a one year low of $125.50 and a one year high of $213.00. The firm has a market cap of $24.59 billion, a P/E ratio of 22.82, a PEG ratio of 0.88 and a beta of 1.61.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) 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 business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.51 EPS. As a group, sell-side analysts predict that Expedia Group will post 12.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Expedia Group

Hedge funds have recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in Expedia Group in the 4th quarter worth approximately $408,000. Wellington Management Group LLP increased its position in Expedia Group by 34.4% in the fourth quarter. Wellington Management Group LLP now owns 14,055 shares of the online travel company's stock worth $2,619,000 after purchasing an additional 3,595 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Expedia Group by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 183,513 shares of the online travel company's stock worth $34,194,000 after purchasing an additional 977 shares during the last quarter. FMR LLC raised its stake in Expedia Group by 6.5% during the fourth quarter. FMR LLC now owns 1,303,532 shares of the online travel company's stock valued at $242,887,000 after purchasing an additional 79,372 shares in the last quarter. Finally, Bank of Nova Scotia lifted its position in Expedia Group by 122.4% during the fourth quarter. Bank of Nova Scotia now owns 16,457 shares of the online travel company's stock valued at $3,066,000 after purchasing an additional 9,056 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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