Expedia Group (NASDAQ:EXPE) Rating Reiterated by Benchmark

Expedia Group (NASDAQ:EXPE)‘s stock had its “buy” rating reaffirmed by analysts at Benchmark in a report released on Friday, Benzinga reports. They presently have a $180.00 target price on the online travel company’s stock. Benchmark’s price objective indicates a potential upside of 56.07% from the stock’s current price.

A number of other equities research analysts have also weighed in on EXPE. Bank of America lowered Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price objective on the stock. in a report on Friday, February 9th. Wedbush decreased their price target on Expedia Group from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday. Jefferies Financial Group cut their price objective on Expedia Group from $150.00 to $145.00 and set a “hold” rating for the company in a research report on Tuesday, March 19th. JPMorgan Chase & Co. boosted their target price on shares of Expedia Group from $115.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Finally, Evercore ISI cut their price target on shares of Expedia Group from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Friday. Fifteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $148.08.

Expedia Group Price Performance

Expedia Group stock opened at $115.33 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78. The business has a 50 day simple moving average of $133.81 and a 200-day simple moving average of $134.96. Expedia Group has a 12 month low of $87.94 and a 12 month high of $160.05. The stock has a market capitalization of $15.72 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 0.35 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a net margin of 6.18% and a return on equity of 38.69%. Equities analysts predict that Expedia Group will post 9.7 earnings per share for the current year.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the transaction, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.07% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. ValueAct Holdings L.P. purchased a new position in Expedia Group during the fourth quarter worth approximately $645,346,000. Norges Bank acquired a new stake in shares of Expedia Group during the 4th quarter worth $334,632,000. Norden Group LLC purchased a new position in shares of Expedia Group in the 1st quarter worth $40,976,000. Kodai Capital Management LP acquired a new position in Expedia Group in the fourth quarter valued at $38,072,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Expedia Group by 242.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 262,519 shares of the online travel company’s stock valued at $27,058,000 after acquiring an additional 185,880 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.