Expedia Group (NASDAQ:EXPE) had its price target boosted by analysts at JPMorgan Chase & Co. from $115.00 to $137.00 in a research note issued to investors on Friday, July 27th. The firm currently has a “neutral” rating on the online travel company’s stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 3.87% from the company’s current price.
Several other analysts have also weighed in on EXPE. ValuEngine lowered Expedia Group from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Wedbush started coverage on Expedia Group in a research report on Tuesday, April 3rd. They issued a “neutral” rating and a $117.00 price objective on the stock. DA Davidson started coverage on Expedia Group in a research report on Wednesday, April 4th. They issued a “buy” rating and a $132.00 price objective on the stock. BidaskClub upgraded Expedia Group from a “hold” rating to a “buy” rating in a research report on Saturday, April 7th. Finally, Zacks Investment Research upgraded Expedia Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 18th. Ten analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $150.99.
Expedia Group traded down $0.85, hitting $131.89, during trading hours on Friday, MarketBeat.com reports. The stock had a trading volume of 1,075,488 shares, compared to its average volume of 1,798,676. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $19.86 billion, a price-to-earnings ratio of 35.45, a price-to-earnings-growth ratio of 1.87 and a beta of 1.37. Expedia Group has a 1-year low of $98.52 and a 1-year high of $154.24.
Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, July 26th. The online travel company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.83. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.88 billion. Expedia Group had a return on equity of 9.48% and a net margin of 2.54%. Expedia Group’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 earnings per share. sell-side analysts forecast that Expedia Group will post 4.42 EPS for the current fiscal year.
In other news, Director Susan C. Athey sold 1,547 shares of Expedia Group stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $133.99, for a total transaction of $207,282.53. Following the transaction, the director now owns 1,974 shares in the company, valued at $264,496.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig A. Jacobson sold 3,500 shares of Expedia Group stock in a transaction on Monday, August 6th. The shares were sold at an average price of $133.48, for a total value of $467,180.00. Following the transaction, the director now owns 31,764 shares in the company, valued at approximately $4,239,858.72. The disclosure for this sale can be found here. Insiders sold a total of 8,316 shares of company stock worth $1,125,813 over the last 90 days. Insiders own 20.96% of the company’s stock.
Hedge funds have recently modified their holdings of the company. IMA Wealth Inc. acquired a new position in shares of Expedia Group in the 2nd quarter valued at $105,000. Optimum Investment Advisors acquired a new position in shares of Expedia Group in the 1st quarter valued at $131,000. Dupont Capital Management Corp lifted its stake in shares of Expedia Group by 62.8% in the 2nd quarter. Dupont Capital Management Corp now owns 1,410 shares of the online travel company’s stock valued at $169,000 after purchasing an additional 544 shares during the period. Compagnie Lombard Odier SCmA lifted its stake in shares of Expedia Group by 100.0% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 1,800 shares of the online travel company’s stock valued at $198,000 after purchasing an additional 900 shares during the period. Finally, Raymond James Trust N.A. acquired a new position in shares of Expedia Group in the 2nd quarter valued at $208,000. Institutional investors and hedge funds own 79.56% 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, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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