Expedia Group (NASDAQ:EXPE) Price Target Raised to $180.00 at Wedbush

Expedia Group (NASDAQ:EXPE - Get Free Report) had its price objective hoisted by equities researchers at Wedbush from $130.00 to $180.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the online travel company's stock. Wedbush's price target points to a potential downside of 0.42% from the company's previous close.

A number of other research analysts also recently issued reports on the stock. Piper Sandler restated a "neutral" rating and issued a $140.00 price target (down previously from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Wells Fargo & Company upped their price target on shares of Expedia Group from $130.00 to $159.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 8th. Barclays lowered their price objective on Expedia Group from $138.00 to $134.00 and set an "equal weight" rating for the company in a research report on Friday, August 9th. BTIG Research upped their target price on Expedia Group from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Finally, Truist Financial started coverage on Expedia Group in a research note on Friday, September 6th. They issued a "hold" rating and a $148.00 price target on the stock. 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $159.88.

Expedia Group Trading Up 3.8 %

NASDAQ EXPE traded up $6.63 on Friday, reaching $180.76. The company had a trading volume of 4,870,933 shares, compared to its average volume of 2,184,719. The firm has a market cap 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 debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $190.40. The business has a 50 day moving average of $149.81 and a two-hundred day moving average of $133.47.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The firm's revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $2.34 earnings per share. Analysts forecast that Expedia Group will post 8.99 EPS for the current year.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 12,602 shares of the stock in a transaction dated 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the firm's stock in a transaction on 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 completion of the sale, the insider now directly owns 89,960 shares of the company's stock, valued at $11,829,740. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction on Friday, September 27th. The shares were 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 in the company, valued at $31,319,536.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,019 shares of company stock worth $6,958,891 in the last 90 days. Insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On Expedia Group

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