Expedia Group (NASDAQ:EXPE – Get Rating) had its price objective raised by stock analysts at Morgan Stanley from $200.00 to $215.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the online travel company’s stock. Morgan Stanley’s target price would suggest a potential upside of 8.24% from the company’s previous close.
EXPE has been the subject of a number of other research reports. Benchmark lifted their price target on Expedia Group from $220.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, February 11th. Susquehanna Bancshares boosted their price objective on Expedia Group from $170.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, November 8th. StockNews.com upgraded Expedia Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 16th. TheStreet cut Expedia Group from a “b-” rating to a “c” rating in a report on Tuesday, November 30th. Finally, Royal Bank of Canada boosted their price objective on Expedia Group from $180.00 to $200.00 and gave the stock a “sector perform” rating in a report on Friday, February 11th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $209.19.
Shares of NASDAQ EXPE opened at $198.63 on Thursday. The stock has a market capitalization of $30.94 billion, a price-to-earnings ratio of -89.07, a PEG ratio of 1.99 and a beta of 1.57. The business has a 50-day moving average of $184.77 and a 200-day moving average of $169.37. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.87 and a quick ratio of 0.93. Expedia Group has a fifty-two week low of $136.77 and a fifty-two week high of $217.72.
Expedia Group (NASDAQ:EXPE – Get Rating) last announced its quarterly earnings data on Thursday, February 10th. The online travel company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.79. Expedia Group had a return on equity of 5.96% and a net margin of 0.14%. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter last year, the company earned ($2.92) EPS. Expedia Group’s revenue for the quarter was up 147.7% compared to the same quarter last year. On average, sell-side analysts expect that Expedia Group will post 6.42 EPS for the current year.
In other news, insider Robert J. Dzielak sold 45,891 shares of the company’s stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $209.85, for a total transaction of $9,630,226.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dara Khosrowshahi sold 15,000 shares of the company’s stock in a transaction dated Monday, January 3rd. The shares were sold at an average price of $183.45, for a total transaction of $2,751,750.00. The disclosure for this sale can be found here. Insiders have sold 151,043 shares of company stock worth $29,478,799 in the last ninety days. Insiders own 5.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. D1 Capital Partners L.P. raised its holdings in shares of Expedia Group by 10.5% during the fourth quarter. D1 Capital Partners L.P. now owns 12,683,542 shares of the online travel company’s stock valued at $2,292,170,000 after purchasing an additional 1,200,900 shares during the period. BlackRock Inc. raised its holdings in shares of Expedia Group by 4.8% in the 4th quarter. BlackRock Inc. now owns 10,220,557 shares of the online travel company’s stock worth $1,847,057,000 after acquiring an additional 469,338 shares during the last quarter. State Street Corp raised its holdings in shares of Expedia Group by 4.7% in the 4th quarter. State Street Corp now owns 5,820,781 shares of the online travel company’s stock worth $1,051,932,000 after acquiring an additional 262,865 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Expedia Group by 27.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,578,656 shares of the online travel company’s stock worth $749,572,000 after acquiring an additional 980,928 shares during the last quarter. Finally, Par Capital Management Inc. raised its holdings in shares of Expedia Group by 5.6% in the 3rd quarter. Par Capital Management Inc. now owns 4,056,066 shares of the online travel company’s stock worth $664,789,000 after acquiring an additional 214,952 shares during the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.
Expedia Group Company Profile (Get Rating)
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.