Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, Barclays Analyst Says

Expedia Group (NASDAQ:EXPE) had its target price hoisted by stock analysts at Barclays from $187.00 to $190.00 in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage presently has an “equal weight” rating on the online travel company’s stock. Barclays‘s target price indicates a potential upside of 21.37% from the company’s previous close.

A number of other research analysts also recently issued reports on EXPE. Hsbc Global Res raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. StockNews.com downgraded shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 5th. Bank of America lifted their price objective on Expedia Group from $205.00 to $211.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. decreased their target price on Expedia Group from $205.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Citigroup raised their target price on Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Expedia Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.04.

Expedia Group Price Performance

EXPE stock opened at $156.55 on Friday. The stock has a market capitalization of $20.17 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.92 and a beta of 1.62. The firm’s 50-day moving average price is $161.69 and its two-hundred day moving average price is $175.75. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group has a 12-month low of $107.25 and a 12-month high of $207.73.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. As a group, equities analysts predict that Expedia Group will post 12.28 earnings per share for the current year.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the sale, the insider now owns 74,502 shares in the company, valued at approximately $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CenterBook Partners LP purchased a new position in shares of Expedia Group in the first quarter worth approximately $7,841,000. Ontario Teachers Pension Plan Board grew its position in shares of Expedia Group by 102.4% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 15,120 shares of the online travel company’s stock valued at $2,542,000 after acquiring an additional 7,649 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Expedia Group by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 745,959 shares of the online travel company’s stock worth $125,396,000 after purchasing an additional 13,314 shares in the last quarter. ASR Vermogensbeheer N.V. bought a new position in Expedia Group in the 1st quarter worth $1,506,000. Finally, Vanguard Group Inc. lifted its position in Expedia Group by 2.7% during the first quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company’s stock valued at $2,555,424,000 after purchasing an additional 394,147 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

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.