Expedia Group (NASDAQ:EXPE) Price Target Raised to $129.00 at Barclays

Expedia Group (NASDAQ:EXPEGet Rating) had its target price raised by equities research analysts at Barclays from $125.00 to $129.00 in a note issued to investors on Wednesday, The Fly reports. Barclays‘s target price would indicate a potential upside of 12.01% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. DA Davidson reduced their price objective on Expedia Group from $122.00 to $108.00 in a research note on Monday, December 12th. StockNews.com upgraded Expedia Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 5th. Cowen reduced their price objective on Expedia Group from $134.00 to $120.00 in a research note on Friday, November 4th. Credit Suisse Group reduced their price objective on Expedia Group from $216.00 to $176.00 and set an “outperform” rating for the company in a research note on Friday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Expedia Group from $130.00 to $135.00 in a research note on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $145.86.

Expedia Group Stock Performance

Shares of EXPE opened at $115.17 on Wednesday. The stock has a 50-day moving average of $96.50 and a two-hundred day moving average of $98.72. Expedia Group has a one year low of $82.39 and a one year high of $217.72. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $17.98 billion, a P/E ratio of 42.19, a P/E/G ratio of 1.15 and a beta of 1.56.

Expedia Group (NASDAQ:EXPEGet Rating) last issued its quarterly earnings results on Thursday, November 3rd. The online travel company reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.05. Expedia Group had a return on equity of 24.05% and a net margin of 4.95%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.55 billion. As a group, research analysts predict that Expedia Group will post 5.64 EPS for the current year.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 635 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $100.18, for a total transaction of $63,614.30. Following the transaction, the chief accounting officer now directly owns 8,949 shares in the company, valued at approximately $896,510.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 7.52% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Ronald Blue Trust Inc. acquired a new position in Expedia Group in the second quarter valued at approximately $27,000. Salem Investment Counselors Inc. acquired a new position in Expedia Group in the first quarter valued at approximately $44,000. Sierra Capital LLC lifted its holdings in Expedia Group by 817.2% in the second quarter. Sierra Capital LLC now owns 266 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 237 shares during the last quarter. Covestor Ltd raised its position in Expedia Group by 144.1% in the first quarter. Covestor Ltd now owns 271 shares of the online travel company’s stock valued at $53,000 after purchasing an additional 160 shares during the period. Finally, Old North State Trust LLC purchased a new stake in Expedia Group in the third quarter valued at approximately $25,000. 89.89% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Company Profile

(Get Rating)

Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following business segments: Retail, B2B and trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.

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