Truist Financial Forecasts Strong Price Appreciation for Expedia Group (NASDAQ:EXPE) Stock

Expedia Group (NASDAQ:EXPE) had its target price raised by equities research analysts at Truist Financial from $163.00 to $175.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the online travel company’s stock. Truist Financial’s target price suggests a potential upside of 11.39% from the stock’s previous close.

EXPE has been the subject of several other reports. JMP Securities reiterated a “market perform” rating on shares of Expedia Group in a research report on Friday, February 7th. The Goldman Sachs Group upped their price objective on shares of Expedia Group from $208.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Wedbush reiterated a “neutral” rating and issued a $215.00 target price (up previously from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Cantor Fitzgerald reissued a “neutral” rating and set a $210.00 target price (up previously from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. Finally, Baird R W raised shares of Expedia Group to a “strong-buy” rating in a research note on Wednesday, November 27th. Nineteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Expedia Group has a consensus rating of “Moderate Buy” and a consensus price target of $193.61.

Expedia Group Stock Down 3.3 %

EXPE opened at $157.11 on Wednesday. The company has a fifty day moving average of $185.40 and a two-hundred day moving average of $171.29. The stock has a market capitalization of $20.24 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 0.92 and a beta of 1.82. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. On average, research analysts expect that Expedia Group will post 12.28 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Robert J. Dzielak sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the transaction, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of the transaction, the director now directly owns 158,505 shares of the company’s stock, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,000 shares of company stock valued at $4,577,900. 6.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Expedia Group

Several institutional investors have recently modified their holdings of the business. Minot DeBlois Advisors LLC purchased a new position in Expedia Group in the fourth quarter valued at $27,000. SRH Advisors LLC acquired a new stake in Expedia Group in the 4th quarter valued at about $28,000. Sava Infond d.o.o. purchased a new position in shares of Expedia Group in the 4th quarter valued at about $28,000. Grove Bank & Trust grew its position in shares of Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after buying an additional 142 shares in the last quarter. Finally, Prudent Man Investment Management Inc. purchased a new stake in shares of Expedia Group during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.