Bank of America Raises Expedia Group (NASDAQ:EXPE) Price Target to $166.00

Expedia Group (NASDAQ:EXPE - Free Report) had its price target raised by Bank of America from $144.00 to $166.00 in a research note released on Friday, Benzinga reports. They currently have a neutral rating on the online travel company's stock.

A number of other equities research analysts also recently issued reports on the company. Jefferies Financial Group boosted their price target on Expedia Group from $145.00 to $160.00 and gave the company a "hold" rating in a research report on Tuesday. Citigroup raised their price target on shares of Expedia Group from $140.00 to $145.00 and gave the company a "neutral" rating in a report on Friday, August 9th. Benchmark reiterated a "buy" rating and set a $180.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Piper Sandler reissued a "neutral" rating and issued a $140.00 target price (down previously from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Finally, StockNews.com cut shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday. Nineteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $152.54.

Expedia Group Trading Down 1.3 %

Shares of NASDAQ:EXPE traded down $2.06 during midday trading on Friday, reaching $158.39. The company's stock had a trading volume of 972,952 shares, compared to its average volume of 2,192,847. The business has a 50 day moving average price of $143.75 and a 200 day moving average price of $130.90. Expedia Group has a 1 year low of $92.48 and a 1 year high of $164.65. The firm has a market cap of $21.59 billion, a price-to-earnings ratio of 29.71, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.17 by $0.34. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter last year, the firm posted $2.34 earnings per share. Expedia Group's revenue was up 6.0% on a year-over-year basis. Research analysts forecast that Expedia Group will post 8.98 EPS for the current year.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the firm's stock in a transaction dated 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 owns 84,543 shares of the company's stock, valued at $11,379,487.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related 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 transaction of $729,128.20. Following the completion of the transaction, the insider now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 12,602 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were 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 owns 89,960 shares in the company, valued at $11,829,740. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,019 shares of company stock valued at $5,390,191 in the last quarter. Insiders own 8.07% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. ORG Partners LLC boosted its position in shares of Expedia Group by 4,525.0% during the first quarter. ORG Partners LLC now owns 185 shares of the online travel company's stock worth $25,000 after buying an additional 181 shares during the period. Innealta Capital LLC acquired a new position in Expedia Group during the 2nd quarter worth $27,000. Blue Trust Inc. grew its stake in shares of Expedia Group by 93.8% in the second 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 position in shares of Expedia Group during the first quarter valued at $40,000. Finally, LRI Investments LLC bought a new stake in shares of Expedia Group during the first quarter valued at about $48,000. 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.