Susquehanna Reiterates Neutral Rating for Expedia Group (NASDAQ:EXPE)

Key Points

• Susquehanna has reiterated a neutral rating for Expedia Group (NASDAQ:EXPE) while raising its price target from $175.00 to $200.00, suggesting a potential upside of 2.43% from the stock's previous close.
• Expedia Group’s recent quarterly earnings surpassed expectations, reporting $4.24 EPS which beats the forecast of $4.13, contributing to a 6.4% year-over-year revenue increase.
• As of the latest reports, institutional investors own 90.76% of Expedia Group's stock, indicating strong interest from hedge funds and other financial entities.

Expedia Group (NASDAQ:EXPE - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities researchers at Susquehanna in a note issued to investors on Monday, MarketBeat.com reports. They currently have a $200.00 price target on the online travel company's stock, up from their previous price target of $175.00. Susquehanna's price target indicates a potential downside of 1.58% from the company's current price.

Other research analysts have also issued research reports about the stock. Royal Bank Of Canada raised their price objective on shares of Expedia Group from $180.00 to $200.00 and gave the company a "sector perform" rating in a research note on Friday. UBS Group raised their price target on shares of Expedia Group from $182.00 to $209.00 and gave the company a "neutral" rating in a research report on Friday. Citigroup reaffirmed a "buy" rating on shares of Expedia Group in a research report on Friday. Truist Financial decreased their target price on Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a report on Tuesday, June 24th. Finally, The Goldman Sachs Group lowered their target price on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $206.04.

Expedia Group Trading Up 5.5%

NASDAQ:EXPE traded up $10.58 during trading hours on Monday, reaching $203.21. 1,762,750 shares of the stock were exchanged, compared to its average volume of 2,120,959. Expedia Group has a twelve month low of $126.46 and a twelve month high of $213.00. The business has a 50-day moving average of $177.16 and a two-hundred day moving average of $172.82. The company has a market capitalization of $25.83 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 0.93 and a beta of 1.61. The company has a quick ratio of 0.73, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the business earned $3.51 EPS. The company's quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts predict that Expedia Group will post 12.28 EPS for the current year.

Institutional Investors Weigh In On Expedia Group

Hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its position in shares of Expedia Group by 4.3% in the second quarter. First Horizon Advisors Inc. now owns 1,346 shares of the online travel company's stock worth $227,000 after acquiring an additional 55 shares during the last quarter. New York Life Investment Management LLC grew its stake in shares of Expedia Group by 0.4% during the 2nd quarter. New York Life Investment Management LLC now owns 16,789 shares of the online travel company's stock valued at $2,832,000 after buying an additional 64 shares during the period. Altman Advisors Inc. increased its holdings in shares of Expedia Group by 0.5% during the 1st quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock worth $2,093,000 after buying an additional 65 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Expedia Group by 14.1% during the 1st 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 last quarter. Finally, Consilio Wealth Advisors LLC raised its position in shares of Expedia Group by 4.1% in the 2nd quarter. Consilio Wealth Advisors LLC now owns 1,786 shares of the online travel company's stock worth $305,000 after buying an additional 71 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.

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.