Expedia Group (NASDAQ:EXPE) Stock Price Up 11.4% – Here’s What Happened

Expedia Group, Inc. (NASDAQ:EXPE – Get Free Report) was up 11.4% on Wednesday. The company traded as high as $318.65 and last traded at $318.4440. 518,845 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 1,985,196 shares. The stock had previously closed at $285.77.

Analyst Ratings Changes

Several brokerages have weighed in on EXPE. Melius Research set a $355.00 target price on Expedia Group in a research report on Tuesday, October 20th. TD Cowen upgraded Expedia Group to a “hold” rating in a report on Monday, September 14th. Wells Fargo & Company lowered their price target on Expedia Group from $307.00 to $275.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 7th. Benchmark increased their price objective on Expedia Group from $290.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Rosenblatt Securities assumed coverage on shares of Expedia Group in a research report on Tuesday, September 1st. They set a “neutral” rating and a $360.00 price objective on the stock. Eighteen equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $312.61.

View Our Latest Analysis on Expedia Group

Expedia Group Stock Up 11.8%

The stock has a market cap of $38.34 billion, a P/E ratio of 19.91, a PEG ratio of 0.72 and a beta of 1.39. 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 business has a 50-day simple moving average of $284.66 and a 200-day simple moving average of $259.49.

Expedia Group (NASDAQ:EXPE – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating analysts’ consensus estimates of $5.22 by $0.54. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm posted $4.24 earnings per share. Analysts expect that Expedia Group, Inc. will post 17.37 EPS for the current year.

Insider Activity at Expedia Group

In related news, Director Craig Jacobson sold 3,133 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the sale, the director owned 29,832 shares in the company, valued at $9,800,408.64. This represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Dzielak sold 1,004 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $335.00, for a total value of $336,340.00. Following the completion of the sale, the insider directly owned 104,331 shares in the company, valued at $34,950,885. This trade represents a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,950 shares of company stock worth $3,881,995 in the last 90 days. 5.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP raised its position in Expedia Group by 104.1% during the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after purchasing an additional 607,698 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Expedia Group by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,190,874 shares of the online travel company’s stock worth $274,948,000 after buying an additional 17,378 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Expedia Group by 13.3% in the 1st quarter. Pacer Advisors Inc. now owns 1,069,524 shares of the online travel company’s stock worth $246,942,000 after buying an additional 125,749 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Expedia Group by 67.7% during the second quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock valued at $199,622,000 after buying an additional 314,984 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Expedia Group during the second quarter valued at approximately $166,203,000. Institutional investors own 90.76% of the company’s stock.

About Expedia Group

(Get Free Report)

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.

Further Reading

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