Bank of America Boosts Expedia Group (NASDAQ:EXPE) Price Target to $143.00

Expedia Group (NASDAQ:EXPEGet Rating) had its price target increased by equities research analysts at Bank of America from $138.00 to $143.00 in a research report issued on Wednesday, The Fly reports. Bank of America‘s price objective suggests a potential upside of 24.16% from the stock’s current price.

A number of other equities research analysts have also recently commented on EXPE. Morgan Stanley reduced their target price on shares of Expedia Group from $120.00 to $115.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 18th. Jefferies Financial Group cut their price objective on shares of Expedia Group from $120.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, October 6th. Oppenheimer upgraded Expedia Group from a “market perform” rating to an “outperform” rating and set a $120.00 target price on the stock in a report on Wednesday, January 11th. Wells Fargo & Company cut their price target on Expedia Group from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Thursday, January 19th. Finally, Barclays lifted their price objective on Expedia Group from $125.00 to $129.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and an average price target of $143.00.

Expedia Group Price Performance

NASDAQ: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 12 month low of $82.39 and a 12 month high of $217.72. The firm has a market cap of $17.98 billion, a P/E ratio of 42.19, a price-to-earnings-growth ratio of 1.15 and a beta of 1.56. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.68.

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 the consensus estimate of $3.51 by $0.05. Expedia Group had a return on equity of 24.05% and a net margin of 4.95%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.55 billion. On average, analysts expect that Expedia Group will post 5.64 earnings per share for the current fiscal year.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 635 shares of Expedia Group stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $100.18, for a total value of $63,614.30. Following the completion of the transaction, the chief accounting officer now directly owns 8,949 shares of the company’s stock, valued at approximately $896,510.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.52% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EXPE. Ronald Blue Trust Inc. purchased a new position in Expedia Group in the 2nd quarter valued at approximately $27,000. Salem Investment Counselors Inc. purchased a new position in Expedia Group in the first quarter valued at $44,000. Sierra Capital LLC boosted 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 purchasing an additional 237 shares during the period. Covestor Ltd grew its stake in Expedia Group by 144.1% during the 1st quarter. Covestor Ltd now owns 271 shares of the online travel company’s stock worth $53,000 after purchasing an additional 160 shares in the last quarter. Finally, Old North State Trust LLC purchased a new stake in Expedia Group during the 3rd quarter worth about $25,000. Institutional investors and hedge funds own 89.89% of the company’s stock.

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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