Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Expedia Group (NASDAQ:EXPE) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from $135.00 to $170.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the online travel company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 8.11% from the stock’s current price.

A number of other research analysts have also recently commented on EXPE. DA Davidson reiterated a “neutral” rating and issued a $135.00 price objective on shares of Expedia Group in a report on Friday, August 9th. StockNews.com upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 1st. Piper Sandler reaffirmed a “neutral” rating and issued a $140.00 target price (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. TD Cowen cut shares of Expedia Group from a “buy” rating to a “hold” rating and increased their price target for the stock from $130.00 to $150.00 in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $140.00 price target on shares of Expedia Group in a report on Friday, August 9th. Twenty analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $158.19.

Expedia Group Price Performance

Shares of NASDAQ:EXPE traded up $10.87 during trading on Friday, reaching $185.00. 2,639,872 shares of the company’s stock traded hands, compared to its average volume of 2,174,042. The firm has a market cap of $24.08 billion, a PE ratio of 23.82, a P/E/G ratio of 0.62 and a beta of 1.78. The company has a 50-day simple moving average of $148.31 and a 200-day simple moving average of $132.84. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $190.40.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.34. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $2.34 earnings per share. As a group, analysts predict that Expedia Group will post 8.99 earnings per share for the current year.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the transaction, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the transaction, the insider now owns 89,960 shares of the company’s stock, valued at $11,829,740. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Friday, November 1st. The shares were sold at an average price of $156.87, for a total value of $1,568,700.00. Following the completion of the sale, the director now directly owns 188,505 shares of the company’s stock, valued at approximately $29,570,779.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,019 shares of company stock worth $6,958,891. 6.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Expedia Group

Several hedge funds have recently modified their holdings of EXPE. Innealta Capital LLC acquired a new stake in Expedia Group during the 2nd quarter worth approximately $27,000. Blue Trust Inc. increased its position in shares of Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after acquiring an additional 105 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of Expedia Group in the 1st quarter valued at $40,000. LRI Investments LLC acquired a new position in shares of Expedia Group during the 1st quarter valued at $48,000. Finally, Cedar Wealth Management LLC purchased a new stake in Expedia Group during the 1st quarter worth $49,000. 90.76% of the stock is owned by institutional investors and hedge funds.

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.