Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, BTIG Research Analyst Says

Expedia Group (NASDAQ:EXPE - Get Free Report) had its price objective increased by equities research analysts at BTIG Research from $175.00 to $200.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the online travel company's stock. BTIG Research's price target indicates a potential upside of 10.64% from the stock's previous close.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company increased their target price on Expedia Group from $130.00 to $159.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. raised their target price on Expedia Group from $135.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday. Benchmark upped their price target on Expedia Group from $180.00 to $200.00 and gave the company a "buy" rating in a research report on Friday. Bank of America boosted their price objective on shares of Expedia Group from $144.00 to $166.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Finally, Citigroup raised their price target on shares of Expedia Group from $140.00 to $145.00 and gave the company a "neutral" rating in a report on Friday, August 9th. Twenty investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Expedia Group has a consensus rating of "Hold" and a consensus target price of $159.88.

Expedia Group Stock Performance

Shares of EXPE stock traded up $6.63 on Friday, hitting $180.76. 4,870,933 shares of the stock were exchanged, compared to its average volume of 2,184,719. The firm's 50 day moving average is $149.81 and its two-hundred day moving average is $133.47. Expedia Group has a one year low of $107.25 and a one year high of $190.40. The firm has a market capitalization of $23.53 billion, a PE ratio of 23.26, a P/E/G ratio of 0.62 and a beta of 1.78. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.17 by $0.34. The firm had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.53 billion. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The company's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $2.34 earnings per share. Sell-side analysts expect that Expedia Group will post 8.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the sale, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the company's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the transaction, the insider now directly owns 89,960 shares in the company, valued at approximately $11,829,740. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the sale, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,019 shares of company stock worth $6,958,891. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Expedia Group

Large investors have recently bought and sold shares of the company. Empirical Finance LLC lifted its stake in shares of Expedia Group by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company's stock valued at $704,000 after purchasing an additional 63 shares during the period. Venture Visionary Partners LLC lifted its position in Expedia Group by 0.6% during the third quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company's stock valued at $1,683,000 after buying an additional 64 shares during the period. GHE LLC boosted its holdings in shares of Expedia Group by 1.0% during the 3rd quarter. GHE LLC now owns 6,689 shares of the online travel company's stock valued at $980,000 after buying an additional 69 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of Expedia Group by 5.1% in the 1st quarter. Bleakley Financial Group LLC now owns 2,028 shares of the online travel company's stock worth $279,000 after buying an additional 99 shares during the period. Finally, AdvisorShares Investments LLC increased its stake in shares of Expedia Group by 7.1% in the 2nd quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company's stock worth $186,000 after acquiring an additional 100 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Expedia Group Company Profile

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.