JPMorgan Chase & Co. Increases Expedia Group (NASDAQ:EXPE) Price Target to $170.00

Expedia Group (NASDAQ:EXPE - Get Free Report) had its price target hoisted by analysts at JPMorgan Chase & Co. from $135.00 to $170.00 in a report released on Friday,Benzinga reports. The firm presently has a "neutral" rating on the online travel company's stock. JPMorgan Chase & Co.'s target price would suggest a potential downside of 5.95% from the company's current price.

Several other equities research analysts also recently commented on EXPE. Oppenheimer boosted their target price on shares of Expedia Group from $155.00 to $210.00 and gave the company an "outperform" rating in a research note on Friday. DA Davidson restated a "neutral" rating and issued a $135.00 price target on shares of Expedia Group in a research report on Friday, August 9th. StockNews.com raised shares of Expedia Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, November 1st. TD Cowen cut shares of Expedia Group from a "buy" rating to a "hold" rating and lifted their target price for the company from $130.00 to $150.00 in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $140.00 price target on shares of Expedia Group in a research report on Friday, August 9th. Twenty analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $159.88.

Expedia Group Price Performance

NASDAQ:EXPE traded up $6.63 during mid-day trading on Friday, hitting $180.76. The company's stock had a trading volume of 4,870,933 shares, compared to its average volume of 2,184,719. The company has a market capitalization of $23.53 billion, a price-to-earnings 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 has a fifty-two week low of $107.25 and a fifty-two week high of $190.40. The stock has a fifty day moving average of $149.81 and a 200-day moving average of $133.47.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The business had revenue of $3.56 billion during the quarter, compared to analysts' expectations of $3.53 billion. During the same period in the prior year, the firm posted $2.34 EPS. Expedia Group's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts forecast that Expedia Group will post 8.99 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 12,602 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the transaction, the insider now owns 89,960 shares in the company, valued at approximately $11,829,740. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the completion of the transaction, the director now directly owns 188,505 shares of the company's stock, valued at approximately $29,570,779.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 12,602 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the sale, 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 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. Insiders own 6.80% of the company's stock.

Institutional Trading of Expedia Group

A number of large investors have recently bought and sold shares of EXPE. Innealta Capital LLC acquired a new position in shares of Expedia Group in the second quarter valued at approximately $27,000. Blue Trust Inc. increased its holdings in Expedia Group by 93.8% during the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company's stock worth $30,000 after purchasing an additional 105 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of Expedia Group in the 1st quarter valued at about $40,000. LRI Investments LLC bought a new stake in shares of Expedia Group in the first quarter valued at about $48,000. Finally, Cedar Wealth Management LLC acquired a new position in shares of Expedia Group during the first quarter worth about $49,000. 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.