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

Expedia Group (NASDAQ:EXPE - Free Report) had its price target boosted by Susquehanna from $145.00 to $190.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a neutral rating on the online travel company's stock.

Several other brokerages have also recently commented on EXPE. Piper Sandler restated a "neutral" rating and set a $140.00 price objective (down from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Wedbush increased their price target on Expedia Group from $130.00 to $180.00 and gave the stock a "neutral" rating in a research report on Friday. Benchmark boosted their price objective on Expedia Group from $180.00 to $200.00 and gave the company a "buy" rating in a report on Friday. Jefferies Financial Group raised their target price on Expedia Group from $145.00 to $160.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $140.00 price target on shares of Expedia Group in a report on Friday, August 9th. Twenty equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Expedia Group presently has an average rating of "Hold" and a consensus target price of $161.62.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE traded up $3.56 on Monday, hitting $184.32. 1,976,218 shares of the company were exchanged, compared to its average volume of 2,184,045. The firm has a market capitalization of $23.99 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 0.70 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 has a 1-year low of $107.25 and a 1-year high of $190.40. The stock's 50 day moving average price is $149.81 and its 200 day moving average price is $133.44.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, beating analysts' consensus estimates of $3.17 by $0.34. Expedia Group had a return on equity of 50.38% and a net margin of 7.97%. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same period in the prior year, the company earned $2.34 earnings per share. The company's revenue was up 6.0% on a year-over-year basis. Sell-side analysts predict that Expedia Group will post 8.99 EPS for the current year.

Insider Buying and Selling

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction on Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the completion of the sale, the director now directly owns 208,505 shares in the company, valued at $31,319,536.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Robert J. Dzielak sold 5,417 shares of the company's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the business's stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the transaction, the director now directly owns 208,505 shares of the company's stock, valued at approximately $31,319,536.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,019 shares of company stock worth $6,958,891. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cozad Asset Management Inc. raised its holdings in shares of Expedia Group by 16.9% in the 3rd quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company's stock valued at $4,562,000 after purchasing an additional 4,449 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Expedia Group by 13.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company's stock valued at $96,171,000 after buying an additional 75,120 shares in the last quarter. DoubleLine ETF Adviser LP purchased a new stake in Expedia Group during the 2nd quarter worth about $465,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Expedia Group by 18.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company's stock worth $21,333,000 after acquiring an additional 23,939 shares in the last quarter. Finally, Swedbank AB increased its holdings in shares of Expedia Group by 5.0% in the 2nd quarter. Swedbank AB now owns 169,076 shares of the online travel company's stock valued at $21,302,000 after acquiring an additional 8,026 shares during the last quarter. Hedge funds and other 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.