Expedia Group (NASDAQ:EXPE) received a $188.00 price objective from equities research analysts at SunTrust Banks in a research note issued to investors on Friday, TipRanks reports. The brokerage presently has a “buy” rating on the online travel company’s stock. SunTrust Banks’ price target suggests a potential upside of 42.10% from the company’s current price. SunTrust Banks also issued estimates for Expedia Group’s FY2021 earnings at $8.30 EPS, FY2022 earnings at $9.80 EPS and FY2023 earnings at $11.36 EPS.

A number of other equities research analysts also recently issued reports on EXPE. UBS Group increased their price objective on Expedia Group to $156.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Royal Bank of Canada raised their price target on Expedia Group to $177.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Standpoint Research initiated coverage on Expedia Group in a research report on Tuesday, July 16th. They set a “buy” rating and a $180.00 price target on the stock. Stifel Nicolaus restated a “hold” rating and set a $135.00 price target on shares of Expedia Group in a research report on Friday, July 26th. Finally, Cowen raised their price target on Expedia Group from $155.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Expedia Group has a consensus rating of “Buy” and a consensus target price of $152.57.

Shares of NASDAQ:EXPE traded up $0.65 during trading on Friday, hitting $132.30. 760,011 shares of the company were exchanged, compared to its average volume of 1,229,497. The company has a market cap of $19.70 billion, a PE ratio of 27.51, a P/E/G ratio of 1.69 and a beta of 1.07. The stock has a 50 day moving average of $130.50 and a 200 day moving average of $126.35. Expedia Group has a 52-week low of $108.11 and a 52-week high of $144.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.76 and a quick ratio of 0.76.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, July 25th. The online travel company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.07. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.45 earnings per share. Sell-side analysts forecast that Expedia Group will post 5.8 EPS for the current fiscal year.

In related news, Director Craig A. Jacobson sold 3,300 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $130.53, for a total value of $430,749.00. Following the completion of the transaction, the director now owns 30,480 shares of the company’s stock, valued at approximately $3,978,554.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lance A. Soliday sold 2,724 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $127.93, for a total transaction of $348,481.32. Following the completion of the transaction, the insider now directly owns 8,009 shares of the company’s stock, valued at approximately $1,024,591.37. The disclosure for this sale can be found here. Insiders sold a total of 58,449 shares of company stock valued at $7,754,611 in the last ninety days. 20.96% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dalton Greiner Hartman Maher & Co. purchased a new stake in Expedia Group during the second quarter valued at approximately $1,133,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Expedia Group by 25.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 77,596 shares of the online travel company’s stock valued at $10,323,000 after acquiring an additional 15,868 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Expedia Group during the second quarter valued at approximately $3,696,000. Boston Partners lifted its position in Expedia Group by 5.0% during the second quarter. Boston Partners now owns 1,638,952 shares of the online travel company’s stock valued at $218,040,000 after acquiring an additional 78,145 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Expedia Group by 5.2% during the second quarter. BlackRock Inc. now owns 8,223,670 shares of the online travel company’s stock valued at $1,093,995,000 after acquiring an additional 407,604 shares during the last quarter. Hedge funds and other institutional investors own 80.05% of the company’s stock.

About Expedia Group

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

See Also: Net Margin

Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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