Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, UBS Group Analyst Says

Expedia Group (NASDAQ:EXPE) had its price target increased by UBS Group from $262.00 to $322.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the online travel company’s stock. UBS Group’s price target would suggest a potential upside of 10.19% from the company’s previous close.

EXPE has been the subject of several other research reports. Argus lifted their target price on shares of Expedia Group from $270.00 to $315.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Morgan Stanley boosted their price objective on Expedia Group from $290.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday. Wall Street Zen raised Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Citic Securities lowered their price target on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Finally, Truist Financial reduced their price objective on shares of Expedia Group from $252.00 to $246.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $290.76.

Expedia Group Stock Performance

EXPE traded down $12.05 during midday trading on Thursday, reaching $292.22. The company had a trading volume of 1,094,637 shares, compared to its average volume of 2,076,719. The business has a 50-day moving average price of $249.15 and a two-hundred day moving average price of $243.55. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group has a 12-month low of $174.05 and a 12-month high of $312.40. The stock has a market cap of $35.81 billion, a PE ratio of 25.66, a P/E/G ratio of 0.77 and a beta of 1.23.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.41 by $0.55. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.Expedia Group’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. On average, sell-side analysts expect that Expedia Group will post 17.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the sale, the chief accounting officer owned 14,083 shares in the company, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction on Friday, June 5th. The stock was sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the sale, the insider directly owned 105,448 shares of the company’s stock, valued at $24,569,384. This represents a 4.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Expedia Group during the 4th quarter valued at about $861,979,000. Wellington Management Group LLP boosted its stake in Expedia Group by 24,899.5% in the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after buying an additional 1,801,232 shares in the last quarter. AQR Capital Management LLC boosted its stake in Expedia Group by 25.0% in the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after buying an additional 728,063 shares in the last quarter. First Trust Advisors LP grew its position in Expedia Group by 104.1% during the first quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after acquiring an additional 607,698 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Expedia Group by 55.0% during the fourth quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock valued at $364,363,000 after acquiring an additional 456,176 shares during the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Company Profile

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.