Benchmark Boosts Expedia Group (NASDAQ:EXPE) Price Target to $200.00

Expedia Group (NASDAQ:EXPE - Get Free Report) had its price objective lifted by research analysts at Benchmark from $180.00 to $200.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the online travel company's stock. Benchmark's price objective suggests a potential upside of 10.64% from the company's previous close.

Several other analysts have also recently commented on EXPE. Wells Fargo & Company upped their target price on Expedia Group from $130.00 to $159.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. DA Davidson reiterated a "neutral" rating and issued a $135.00 target price on shares of Expedia Group in a report on Friday, August 9th. Susquehanna upped their target price on Expedia Group from $125.00 to $145.00 and gave the company a "neutral" rating in a report on Monday, August 12th. Piper Sandler reiterated a "neutral" rating and issued a $140.00 target price (down from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Finally, StockNews.com upgraded Expedia Group from a "buy" rating to a "strong-buy" rating in a report on Friday, November 1st. Twenty analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $159.88.

Expedia Group Trading Up 3.8 %

Shares of NASDAQ:EXPE traded up $6.63 during midday trading on Friday, hitting $180.76. 4,870,933 shares of the stock were exchanged, compared to its average volume of 2,184,719. The stock has a market capitalization of $23.53 billion, a price-to-earnings ratio of 23.80, 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 quick ratio of 0.76 and a current ratio of 0.76. The business's 50-day moving average price is $148.31 and its 200 day moving average price is $132.84. Expedia Group has a 12 month low of $107.25 and a 12 month high of $190.40.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.34. The company had revenue of $3.56 billion for the quarter, compared to analysts' expectations of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.34 earnings per share. Analysts predict that Expedia Group will post 8.99 earnings per share for the current year.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the company's stock in a transaction 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 completion of the transaction, the insider now owns 84,543 shares in the company, valued at $11,379,487.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction on 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 owns 188,505 shares in the company, valued at $29,570,779.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction 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 transaction, the insider now owns 84,543 shares of the company's stock, 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. In the last three months, insiders sold 48,019 shares of company stock valued at $6,958,891. 6.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EXPE. Innealta Capital LLC bought a new position in shares of Expedia Group during the 2nd quarter worth $27,000. Blue Trust Inc. grew its stake in shares of 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 acquiring an additional 105 shares during the period. Crewe Advisors LLC bought a new position in shares of Expedia Group during the 1st quarter worth $40,000. LRI Investments LLC bought a new position in Expedia Group in the 1st quarter worth about $48,000. Finally, Cedar Wealth Management LLC bought a new position in Expedia Group in the 1st quarter worth about $49,000. Institutional investors own 90.76% of the company's stock.

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.