Wedbush Forecasts Strong Price Appreciation for Expedia Group (NASDAQ:EXPE) Stock

Key Points

• Wedbush has raised its target price for Expedia Group (NASDAQ:EXPE) from $175 to $220, indicating a potential upside of 14.75% from the current stock price, while maintaining a "neutral" rating.
• Other analysts have assigned varying target prices and ratings, with Bank of America setting the highest target at $240 and a "buy" rating, while Susquehanna lowered their target to $175 with a "neutral" rating.
• Expedia Group recently reported quarterly earnings of $4.24 per share, exceeding analysts' expectations, and had a revenue increase of 6.4% year-over-year, contributing to its average rating of "Moderate Buy".

Expedia Group (NASDAQ:EXPE - Get Free Report) had its target price raised by equities researchers at Wedbush from $175.00 to $220.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the online travel company's stock. Wedbush's price objective would suggest a potential upside of 14.75% from the stock's current price.

Other equities analysts have also issued reports about the company. Bank of America boosted their price target on Expedia Group from $211.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday. Morgan Stanley boosted their price target on Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. The Goldman Sachs Group dropped their price objective on Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Barclays upped their target price on Expedia Group from $190.00 to $197.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Susquehanna cut their target price on Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock 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 assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $200.19.

Expedia Group Stock Performance

Shares of EXPE stock traded up $4.11 during trading hours on Friday, hitting $191.72. The stock had a trading volume of 4,580,064 shares, compared to its average volume of 2,105,751. The firm has a market capitalization of $24.37 billion, a PE ratio of 22.61, a PEG ratio of 0.88 and a beta of 1.61. Expedia Group has a twelve month low of $125.50 and a twelve month high of $213.00. The stock's 50 day moving average is $176.06 and its 200 day moving average is $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 (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share 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 analysts' expectations of $3.70 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $3.51 earnings per share. As a group, research analysts forecast that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Expedia Group

Hedge funds have recently added to or reduced their stakes in the stock. Spire Wealth Management boosted its stake in shares of Expedia Group by 114.3% in the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company's stock worth $25,000 after buying an additional 80 shares during the last quarter. Minot DeBlois Advisors LLC bought a new stake in Expedia Group during the 4th quarter valued at $27,000. McClarren Financial Advisors Inc. bought a new stake in Expedia Group during the 1st quarter valued at $28,000. Atlas Capital Advisors Inc. bought a new stake in Expedia Group during the 1st quarter valued at $28,000. Finally, GFG Capital LLC bought a new stake in Expedia Group during the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 90.76% of the company's stock.

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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