Expedia Group (NASDAQ:EXPE) Given New $175.00 Price Target at BTIG Research

Expedia Group (NASDAQ:EXPE) had its target price raised by BTIG Research from $150.00 to $175.00 in a research report sent to investors on Friday, Benzinga reports. BTIG Research currently has a buy rating on the online travel company’s stock.

EXPE has been the subject of several other research reports. TD Cowen downgraded shares of Expedia Group from a buy rating to a hold rating and upped their price target for the company from $130.00 to $150.00 in a research report on Wednesday. Cantor Fitzgerald restated a neutral rating and issued a $130.00 price target on shares of Expedia Group in a research report on Monday, September 23rd. Truist Financial assumed coverage on shares of Expedia Group in a research report on Friday, September 6th. They issued a hold rating and a $148.00 price target for the company. Wells Fargo & Company reduced their price target on shares of Expedia Group from $140.00 to $130.00 and set an equal weight rating for the company in a research report on Friday, August 9th. Finally, 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. Nineteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $149.73.

Expedia Group Trading Up 0.4 %

Shares of NASDAQ:EXPE opened at $149.09 on Friday. The stock has a market capitalization of $20.32 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 0.56 and a beta of 1.79. Expedia Group has a 1-year low of $92.48 and a 1-year high of $160.05. 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 company has a 50 day moving average price of $132.84 and a 200 day moving average price of $128.44.

Expedia Group (NASDAQ:EXPE) last issued its 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. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $2.34 earnings per share. On average, research analysts anticipate that Expedia Group will post 8.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the sale, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the sale, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. The transaction was disclosed in a document filed 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 on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 8.07% of the company’s stock.

Institutional Trading of Expedia Group

Large investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its holdings in shares of Expedia Group by 7.4% in the 4th quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company’s stock worth $176,000 after purchasing an additional 80 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Expedia Group by 0.4% during the 1st quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock worth $3,354,000 after purchasing an additional 87 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Expedia Group by 5.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock worth $221,000 after purchasing an additional 88 shares in the last quarter. Commerce Bank increased its position in shares of Expedia Group by 4.3% during the 4th quarter. Commerce Bank now owns 2,304 shares of the online travel company’s stock worth $350,000 after purchasing an additional 96 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of Expedia Group by 5.1% during the 1st quarter. Bleakley Financial Group LLC now owns 2,028 shares of the online travel company’s stock worth $279,000 after purchasing an additional 99 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

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.