Expedia Group (NASDAQ:EXPE)‘s stock had its “buy” rating reissued by investment analysts at SunTrust Banks in a research note issued to investors on Thursday, AnalystRatings.com reports. They currently have a $168.00 price target on the online travel company’s stock. SunTrust Banks’ price target suggests a potential upside of 36.81% from the company’s previous close. SunTrust Banks also issued estimates for Expedia Group’s Q3 2020 earnings at $3.25 EPS and FY2024 earnings at $9.03 EPS.
A number of other brokerages have also issued reports on EXPE. Wells Fargo & Co lowered Expedia Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. BidaskClub lowered Expedia Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 29th. Oppenheimer lowered Expedia Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $160.00 to $110.00 in a research report on Monday, November 11th. Consumer Edge assumed coverage on Expedia Group in a research report on Monday, November 18th. They issued an “equal weight” rating and a $100.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Expedia Group in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, twenty have given a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $138.60.
Shares of EXPE opened at $122.80 on Thursday. The business’s 50 day moving average is $109.99 and its two-hundred day moving average is $120.07. Expedia Group has a 52-week low of $93.53 and a 52-week high of $144.00. The firm has a market cap of $17.79 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 1.65 and a beta of 1.01. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.80.
Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 13th. The online travel company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.37. Expedia Group had a return on equity of 13.45% and a net margin of 4.26%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.76 billion. On average, equities analysts expect that Expedia Group will post 4.93 earnings per share for the current fiscal year.
In other news, Director Jon T. Gieselman purchased 2,393 shares of the stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $105.68 per share, for a total transaction of $252,892.24. Also, Vice Chairman Peter M. Kern purchased 23,070 shares of the stock in a transaction dated Friday, December 6th. The stock was purchased at an average price of $108.80 per share, with a total value of $2,510,016.00. Following the completion of the acquisition, the insider now directly owns 90,907 shares in the company, valued at approximately $9,890,681.60. The disclosure for this purchase can be found here. Insiders bought a total of 45,463 shares of company stock valued at $4,739,508 over the last quarter. Company insiders own 2.10% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of EXPE. Citizens Financial Group Inc RI grew its stake in Expedia Group by 1,041.7% during the 4th quarter. Citizens Financial Group Inc RI now owns 274 shares of the online travel company’s stock worth $30,000 after buying an additional 250 shares during the last quarter. Legacy Bridge LLC grew its stake in Expedia Group by 384.6% during the 4th quarter. Legacy Bridge LLC now owns 315 shares of the online travel company’s stock worth $34,000 after buying an additional 250 shares during the last quarter. FTB Advisors Inc. grew its stake in Expedia Group by 91.4% during the 4th quarter. FTB Advisors Inc. now owns 335 shares of the online travel company’s stock worth $36,000 after buying an additional 160 shares during the last quarter. Signaturefd LLC grew its stake in Expedia Group by 75.8% during the 3rd quarter. Signaturefd LLC now owns 276 shares of the online travel company’s stock worth $37,000 after buying an additional 119 shares during the last quarter. Finally, Vista Private Wealth Partners. LLC bought a new position in Expedia Group during the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 93.10% of the company’s stock.
Expedia Group Company Profile
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.
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