Brokerages Set Expedia Group, Inc. (NASDAQ:EXPE) Price Target at $149.12

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have been assigned an average recommendation of “Hold” from the twenty-five brokerages that are covering the stock, Marketbeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $149.12.

A number of analysts recently commented on EXPE shares. StockNews.com raised Expedia Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Benchmark lifted their price target on shares of Expedia Group from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Jefferies Financial Group reduced their price target on shares of Expedia Group from $150.00 to $145.00 and set a “hold” rating for the company in a research report on Tuesday, March 19th. The Goldman Sachs Group raised their target price on Expedia Group from $155.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Finally, Bank of America downgraded shares of Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price target on the stock. in a report on Friday, February 9th.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $136.25 on Tuesday. The stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 0.41 and a beta of 1.86. The company has a fifty day moving average of $134.31 and a 200-day moving average of $133.68. Expedia Group has a 52-week low of $87.94 and a 52-week high of $160.05. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.10. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. Equities research analysts expect that Expedia Group will post 9.72 EPS for the current year.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the sale, the chief accounting officer now owns 10,880 shares in the company, valued at approximately $1,492,844.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction dated 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 directly owns 10,880 shares in the company, valued at approximately $1,492,844.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the completion of the sale, the director now directly owns 216,521 shares in the company, valued at $32,486,810.84. The disclosure for this sale can be found here. Company insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several hedge funds have recently bought and sold shares of EXPE. ValueAct Holdings L.P. purchased a new stake in shares of Expedia Group during the fourth quarter valued at $645,346,000. Norges Bank purchased a new stake in Expedia Group in the 4th quarter valued at about $334,632,000. Norden Group LLC bought a new position in Expedia Group in the 1st quarter worth about $40,976,000. Kodai Capital Management LP purchased a new position in shares of Expedia Group during the fourth quarter worth approximately $38,072,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of 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 in the last quarter. 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.