Bank of America Increases Expedia Group (NASDAQ:EXPE) Price Target to $211.00

Expedia Group (NASDAQ:EXPE) had its price target hoisted by research analysts at Bank of America from $205.00 to $211.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the online travel company’s stock. Bank of America‘s price target suggests a potential upside of 34.78% from the company’s current price.

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. dropped their price target on Expedia Group from $205.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. UBS Group cut their price target on Expedia Group from $194.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. B. Riley reaffirmed a “buy” rating and issued a $235.00 price objective (up previously from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Citigroup lifted their target price on shares of Expedia Group from $200.00 to $217.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Finally, DA Davidson upped their price target on shares of Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $189.04.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $156.55 on Friday. The company’s 50 day simple moving average is $161.69 and its 200 day simple moving average is $175.75. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. Expedia Group has a 1 year low of $107.25 and a 1 year high of $207.73. The stock has a market capitalization of $20.17 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62.

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

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction that occurred 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 directly owns 74,502 shares of the company’s stock, valued at approximately $15,325,061.40. The trade was a 6.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Expedia Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Handelsbanken Fonder AB lifted its position in shares of Expedia Group by 17.8% during the fourth quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company’s stock valued at $5,729,000 after purchasing an additional 4,656 shares in the last quarter. Teamwork Financial Advisors LLC purchased a new position in shares of Expedia Group in the 4th quarter worth approximately $1,791,000. Clare Market Investments LLC bought a new position in shares of Expedia Group in the fourth quarter valued at approximately $319,000. Nisa Investment Advisors LLC boosted its position in Expedia Group by 17.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company’s stock worth $11,180,000 after purchasing an additional 9,086 shares during the last quarter. Finally, Cigna Investments Inc. New bought a new position in Expedia Group in the 4th quarter valued at $238,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

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.