Morgan Stanley Raises Expedia Group (NASDAQ:EXPE) Price Target to $160.00

Expedia Group (NASDAQ:EXPE) had its price target raised by Morgan Stanley from $135.00 to $160.00 in a report issued on Monday, AR Network reports. The firm currently has an equal weight rating on the online travel company’s stock.

A number of other brokerages have also recently weighed in on EXPE. Piper Sandler lifted their price objective on Expedia Group from $102.00 to $105.00 and gave the company a neutral rating in a research note on Thursday, November 5th. BTIG Research upped their price objective on Expedia Group from $120.00 to $145.00 and gave the stock a buy rating in a research report on Thursday, November 5th. Zacks Investment Research cut Expedia Group from a hold rating to a strong sell rating and set a $122.00 price objective for the company. in a research report on Thursday, January 7th. Bank of America raised Expedia Group from a neutral rating to a buy rating and set a $153.00 target price on the stock in a research report on Monday, January 4th. They noted that the move was a valuation call. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell downgraded Expedia Group from a buy rating to a neutral rating and upped their price target for the company from $125.00 to $140.00 in a report on Thursday, December 10th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $117.93.

Shares of NASDAQ:EXPE opened at $140.61 on Monday. The stock has a market cap of $19.89 billion, a P/E ratio of -9.00 and a beta of 1.73. The business’s 50 day moving average is $129.63 and its 200 day moving average is $103.41. Expedia Group has a 52-week low of $40.76 and a 52-week high of $147.55. The company has a quick ratio of 1.19, a current ratio of 1.20 and a debt-to-equity ratio of 2.84.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Wednesday, November 4th. The online travel company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.79) by $0.57. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.37 billion. Expedia Group had a negative net margin of 30.64% and a negative return on equity of 21.33%. Expedia Group’s revenue was down 57.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.38 EPS. On average, sell-side analysts anticipate that Expedia Group will post -8.87 EPS for the current fiscal year.

In other news, CAO Lance A. Soliday sold 11,983 shares of the business’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $124.47, for a total value of $1,491,524.01. Following the sale, the chief accounting officer now owns 15,091 shares of the company’s stock, valued at approximately $1,878,376.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lance A. Soliday sold 3,506 shares of the company’s stock in a transaction on Wednesday, January 6th. The shares were sold at an average price of $140.00, for a total value of $490,840.00. Following the completion of the sale, the chief accounting officer now owns 10,468 shares of the company’s stock, valued at approximately $1,465,520. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,611 shares of company stock valued at $1,997,591. Company insiders own 2.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. IFM Investors Pty Ltd boosted its position in shares of Expedia Group by 15.9% during the fourth quarter. IFM Investors Pty Ltd now owns 12,902 shares of the online travel company’s stock valued at $1,708,000 after purchasing an additional 1,771 shares in the last quarter. Sowell Financial Services LLC lifted its position in Expedia Group by 11.5% in the fourth quarter. Sowell Financial Services LLC now owns 2,007 shares of the online travel company’s stock worth $266,000 after buying an additional 207 shares during the last quarter. IMS Capital Management bought a new stake in Expedia Group in the fourth quarter worth $1,578,000. First National Bank Sioux Falls purchased a new position in Expedia Group during the fourth quarter worth $232,000. Finally, Louisiana State Employees Retirement System increased its position in Expedia Group by 21.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the online travel company’s stock valued at $1,112,000 after acquiring an additional 1,500 shares during the last quarter. 88.27% 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 worldwide. It operates through four segments: Core Online Travel Agencies, Trivago, Vrbo, and Egencia. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Expedia Partner Solutions, a business-to-business brand that provides travel offerings for various airlines and hotels, online and offline travel agencies, loyalty and corporate travel companies, and various consumer brands; and Egencia, which provides corporate travel management services.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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