Expedia Group (NASDAQ:EXPE) Price Target Raised to $190.00

Expedia Group (NASDAQ:EXPE) had its price target increased by BMO Capital Markets from $165.00 to $190.00 in a report issued on Monday,Benzinga reports. The firm presently has a “market perform” rating on the online travel company’s stock. BMO Capital Markets’ target price suggests a potential downside of 7.36% from the stock’s current price.

Several other research analysts also recently commented on EXPE. Wedbush reaffirmed a “neutral” rating and issued a $215.00 price target (up from $180.00) on shares of Expedia Group in a research report on Friday. Jefferies Financial Group boosted their target price on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Melius Research raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. JMP Securities restated a “market perform” rating on shares of Expedia Group in a research note on Friday. Finally, StockNews.com downgraded Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Friday. Nineteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and an average target price of $189.54.

Expedia Group Stock Performance

EXPE stock opened at $205.10 on Monday. The stock has a market cap of $26.32 billion, a P/E ratio of 22.66, a P/E/G ratio of 0.82 and a beta of 1.82. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a 50 day simple moving average of $182.42 and a 200 day simple moving average of $160.81. Expedia Group has a 52 week low of $107.25 and a 52 week high of $205.12.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a return on equity of 55.42% and a net margin of 9.01%. Research analysts anticipate that Expedia Group will post 10.75 earnings per share for the current fiscal year.

Insider Transactions at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $181.99, for a total value of $1,273,930.00. Following the sale, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This trade represents a 38.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total value of $1,851,500.00. Following the completion of the sale, the director now directly owns 168,505 shares in the company, valued at approximately $31,198,700.75. This represents a 5.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,951 shares of company stock valued at $5,174,510 over the last three months. 6.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

Hedge funds have recently modified their holdings of the stock. Windacre Partnership LLC boosted its position in Expedia Group by 49.5% during 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. increased its stake in shares of Expedia Group by 22.5% during the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock worth $481,170,000 after purchasing an additional 596,510 shares during the last quarter. Alkeon Capital Management LLC lifted its stake in Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after purchasing an additional 498,934 shares during the last quarter. KBC Group NV grew its holdings in Expedia Group by 326.9% during the fourth quarter. KBC Group NV now owns 293,482 shares of the online travel company’s stock worth $54,685,000 after purchasing an additional 224,732 shares during the period. Finally, Fisher Asset Management LLC increased its position in Expedia Group by 9.4% during the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after buying an additional 144,579 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

About Expedia Group

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.