Expedia Group (NASDAQ:EXPE) Given New $211.00 Price Target at Bank of America

Expedia Group (NASDAQ:EXPE) had its price target boosted by Bank of America from $205.00 to $211.00 in a research note released on Friday morning,Benzinga reports. Bank of America currently has a buy rating on the online travel company’s stock.

Other equities research analysts have also issued research reports about the stock. UBS Group lowered their price target on shares of Expedia Group from $194.00 to $170.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. lowered their target price on shares of Expedia Group from $205.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 5th. Morgan Stanley decreased their price objective on Expedia Group from $190.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Finally, Piper Sandler cut Expedia Group from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $174.00 to $135.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $189.04.

Expedia Group Stock Down 7.4 %

Shares of EXPE opened at $156.55 on Friday. Expedia Group has a 52 week low of $107.25 and a 52 week high of $207.73. The firm has a market capitalization of $20.17 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.92 and a beta of 1.62. The company has a 50-day simple moving average of $161.69 and a 200-day simple moving average of $175.63. 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 announced its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. Expedia Group’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 EPS. On average, equities 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 dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the transaction, the insider now owns 74,502 shares of the company’s stock, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Handelsbanken Fonder AB grew its holdings in Expedia Group by 17.8% during the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company’s stock worth $5,729,000 after acquiring an additional 4,656 shares during the period. Teamwork Financial Advisors LLC bought a new stake in Expedia Group in the fourth quarter valued at about $1,791,000. Clare Market Investments LLC acquired a new position in Expedia Group in the fourth quarter valued at about $319,000. Nisa Investment Advisors LLC boosted its holdings in Expedia Group by 17.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company’s stock worth $11,180,000 after buying an additional 9,086 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new position in shares of Expedia Group during the 4th quarter worth about $238,000. 90.76% of the stock is owned by institutional investors.

Expedia Group Company Profile

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.