Expedia Group (NASDAQ:EXPE) Given New $400.00 Price Target at BTIG Research

Expedia Group (NASDAQ:EXPE) had its price objective upped by equities researchers at BTIG Research from $350.00 to $400.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the online travel company’s stock. BTIG Research’s price objective would indicate a potential upside of 17.95% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada lifted their target price on Expedia Group from $290.00 to $330.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Wells Fargo & Company lifted their price target on shares of Expedia Group from $303.00 to $307.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Truist Financial upped their price target on shares of Expedia Group from $246.00 to $309.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. TD Cowen increased their price objective on shares of Expedia Group from $285.00 to $320.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Expedia Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday. Eighteen research analysts have rated the stock with a Buy rating and twenty-one have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $317.45.

Expedia Group Trading Up 5.4%

Expedia Group stock opened at $339.13 on Tuesday. The business has a 50-day simple moving average of $282.32 and a two-hundred day simple moving average of $248.62. Expedia Group has a 52-week low of $185.34 and a 52-week high of $341.09. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. The company has a market cap of $40.70 billion, a P/E ratio of 21.14, a P/E/G ratio of 0.79 and a beta of 1.22.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter last year, the firm posted $4.24 earnings per share. The firm’s revenue was up 14.0% compared to the same quarter last year. Analysts predict that Expedia Group will post 17.15 EPS for the current year.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 4,702 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the transaction, the insider owned 105,448 shares in the company, valued at approximately $24,569,384. This represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 2,810 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the transaction, the chief accounting officer directly owned 12,006 shares of the company’s stock, valued at $3,885,741.90. The trade was a 18.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 15,648 shares of company stock valued at $4,641,221. 5.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

Several large investors have recently made changes to their positions in the company. Motiv8 Investments LLC purchased a new stake in shares of Expedia Group in the fourth quarter worth about $25,000. Entrust Financial LLC purchased a new position in Expedia Group during the 4th quarter valued at approximately $26,000. First Bancorp Inc ME purchased a new stake in Expedia Group during the second quarter valued at approximately $28,000. DV Equities LLC bought a new position in shares of Expedia Group during the 4th quarter valued at approximately $46,000. Finally, Elevation Wealth Partners LLC increased its position in shares of Expedia Group by 272.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock valued at $46,000 after purchasing an additional 131 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

About Expedia Group

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.