Expedia Group, Inc. (NASDAQ:EXPE) Receives $175.96 Average Target Price from Analysts

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have been assigned an average rating of “Hold” from the thirty-one brokerages that are covering the firm, Marketbeat.com reports. Sixteen research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $175.96.

Several research analysts have weighed in on EXPE shares. Zacks Investment Research raised shares of Expedia Group from a “strong sell” rating to a “hold” rating and set a $127.00 price objective for the company in a report on Monday, August 9th. Cowen decreased their price objective on shares of Expedia Group from $210.00 to $170.00 and set a “market perform” rating for the company in a report on Friday, August 6th. Royal Bank of Canada decreased their price objective on shares of Expedia Group from $175.00 to $165.00 and set a “sector perform” rating for the company in a report on Friday, August 6th. Truist decreased their price objective on shares of Expedia Group from $240.00 to $238.00 and set a “buy” rating for the company in a report on Friday, August 6th. Finally, The Goldman Sachs Group started coverage on shares of Expedia Group in a report on Monday, September 13th. They issued a “buy” rating and a $185.00 price target for the company.

EXPE traded up $1.54 during trading hours on Monday, reaching $170.05. 7,078 shares of the stock traded hands, compared to its average volume of 2,661,974. The firm’s fifty day simple moving average is $153.83 and its two-hundred day simple moving average is $163.75. The company has a market cap of $25.65 billion, a price-to-earnings ratio of -15.84 and a beta of 1.71. Expedia Group has a fifty-two week low of $87.90 and a fifty-two week high of $187.93. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.95 and a quick ratio of 0.95.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, August 5th. The online travel company reported ($1.77) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.15) by ($0.62). The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.04 billion. Expedia Group had a negative net margin of 22.92% and a negative return on equity of 32.01%. On average, research analysts predict that Expedia Group will post -2.42 earnings per share for the current year.

In other news, insider Robert J. Dzielak sold 58,993 shares of Expedia Group stock in a transaction that occurred on Wednesday, September 22nd. The shares were sold at an average price of $155.85, for a total value of $9,194,059.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan L. Dolgen sold 2,016 shares of the business’s stock in a transaction that occurred on Tuesday, August 31st. The shares were sold at an average price of $99.08, for a total transaction of $199,745.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,777 shares of company stock worth $17,947,834. 5.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Maverick Capital Ltd. acquired a new stake in Expedia Group in the first quarter valued at approximately $3,075,000. AlphaCrest Capital Management LLC lifted its stake in shares of Expedia Group by 217.7% in the second quarter. AlphaCrest Capital Management LLC now owns 15,711 shares of the online travel company’s stock worth $2,572,000 after buying an additional 10,765 shares during the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in shares of Expedia Group in the first quarter worth $21,481,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Expedia Group by 1,400.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,597,728 shares of the online travel company’s stock worth $619,241,000 after buying an additional 3,357,964 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Expedia Group by 4.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 101,868 shares of the online travel company’s stock valued at $17,409,000 after purchasing an additional 4,089 shares during the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following business segments: Retail, B2B and trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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