Expedia Group (NASDAQ:EXPE) Given New $230.00 Price Target at Oppenheimer

Expedia Group (NASDAQ:EXPE - Get Free Report) had its price target lowered by research analysts at Oppenheimer from $235.00 to $230.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the online travel company's stock. Oppenheimer's price objective suggests a potential upside of 32.33% from the stock's current price.

A number of other research firms have also weighed in on EXPE. HSBC upgraded shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 price objective on the stock in a research note on Friday, February 7th. Baird R W raised Expedia Group to a "strong-buy" rating in a research report on Wednesday, November 27th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $210.00 price target (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Bank of America raised shares of Expedia Group from a "neutral" rating to a "buy" rating and lifted their target price for the company from $187.00 to $221.00 in a report on Wednesday, December 18th. Finally, UBS Group reiterated a "neutral" rating on shares of Expedia Group in a research note on Tuesday, February 4th. Nineteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, Expedia Group presently has a consensus rating of "Moderate Buy" and an average target price of $193.43.

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Expedia Group Price Performance

NASDAQ:EXPE traded up $0.72 during midday trading on Monday, hitting $173.81. The company had a trading volume of 4,416,361 shares, compared to its average volume of 1,902,627. Expedia Group has a 52-week low of $107.25 and a 52-week high of $207.73. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The stock's fifty day moving average price is $183.81 and its 200-day moving average price is $172.27. The company has a market capitalization of $22.40 billion, a PE ratio of 19.21, a P/E/G ratio of 0.92 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.06 by ($0.22). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. As a group, research analysts expect that Expedia Group will post 12.28 earnings per share for the current year.

Insider Transactions at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following the transaction, the director now directly owns 158,505 shares of the company's stock, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the transaction, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,000 shares of company stock valued at $4,577,900. 6.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Greenleaf Trust increased its holdings in Expedia Group by 2.5% in the fourth quarter. Greenleaf Trust now owns 2,520 shares of the online travel company's stock valued at $470,000 after buying an additional 61 shares during the last quarter. Hantz Financial Services Inc. grew its position in Expedia Group by 2.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company's stock worth $441,000 after purchasing an additional 62 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Expedia Group by 14.8% in the fourth quarter. UMB Bank n.a. now owns 489 shares of the online travel company's stock worth $91,000 after purchasing an additional 63 shares in the last quarter. Signet Financial Management LLC grew its stake in Expedia Group by 0.3% in the fourth quarter. Signet Financial Management LLC now owns 25,499 shares of the online travel company's stock valued at $4,751,000 after purchasing an additional 74 shares in the last quarter. Finally, Metis Global Partners LLC increased its position in Expedia Group by 1.8% during the fourth quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company's stock worth $773,000 after buying an additional 74 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

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.