Expedia Group’s (EXPE) “Buy” Rating Reiterated at Benchmark

Expedia Group (NASDAQ:EXPEGet Free Report)‘s stock had its “buy” rating reissued by investment analysts at Benchmark in a research note issued on Tuesday,Benzinga reports. They currently have a $200.00 price target on the online travel company’s stock. Benchmark’s target price indicates a potential upside of 18.17% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Melius Research upgraded shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded shares of Expedia Group from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Argus raised their price target on Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Jefferies Financial Group upped their price objective on Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Susquehanna lifted their target price on Expedia Group from $145.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Twenty equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $177.75.

Get Our Latest Stock Analysis on EXPE

Expedia Group Stock Performance

EXPE traded down $0.37 on Tuesday, reaching $169.25. The company had a trading volume of 43,909 shares, compared to its average volume of 1,546,839. The stock has a 50-day moving average price of $183.26 and a 200-day moving average price of $159.28. The stock has a market capitalization of $21.72 billion, a PE ratio of 21.76, a P/E/G ratio of 0.77 and a beta of 1.82. Expedia Group has a 1 year low of $107.25 and a 1 year high of $192.34. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Expedia Group (NASDAQ:EXPEGet Free Report) last released its quarterly earnings results on Thursday, November 7th. The online travel company reported $5.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.42 by ($0.24). Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. The firm had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the prior year, the business earned $4.85 EPS. As a group, research analysts forecast that Expedia Group will post 8.76 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the completion of the sale, the director now directly owns 168,505 shares in the company, valued at $31,198,700.75. The trade was a 5.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,951 shares of company stock worth $3,476,610 in the last ninety days. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Windacre Partnership LLC increased its stake in Expedia Group by 49.5% in the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after purchasing an additional 1,431,500 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Expedia Group by 22.5% in the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after buying an additional 596,510 shares during the period. Geode Capital Management LLC increased its stake in shares of Expedia Group by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock valued at $472,212,000 after acquiring an additional 20,005 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Expedia Group by 9.4% during the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after acquiring an additional 144,579 shares during the period. Finally, Alkeon Capital Management LLC boosted its position in shares of Expedia Group by 46.3% in the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after acquiring an additional 498,934 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

About Expedia Group

(Get Free Report)

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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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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