Royal Bank Of Canada Raises Expedia Group (NASDAQ:EXPE) Price Target to $290.00

Expedia Group (NASDAQ:EXPE) had its price target boosted by research analysts at Royal Bank Of Canada from $260.00 to $290.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The brokerage currently has a “sector perform” rating on the online travel company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 1.75% from the stock’s previous close.

Several other research analysts have also recently weighed in on EXPE. DA Davidson reissued a “neutral” rating and issued a $294.00 price target on shares of Expedia Group in a report on Thursday, December 11th. Wedbush upped their target price on Expedia Group from $230.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. BTIG Research lifted their price target on Expedia Group from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Citigroup boosted their price target on Expedia Group from $206.00 to $281.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Expedia Group from $185.00 to $235.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and twenty-four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $266.72.

Expedia Group Price Performance

NASDAQ:EXPE opened at $285.02 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of $34.92 billion, a PE ratio of 27.27, a P/E/G ratio of 1.28 and a beta of 1.44. Expedia Group has a 1-year low of $130.01 and a 1-year high of $289.98. The firm has a fifty day simple moving average of $242.23 and a 200 day simple moving average of $211.20.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates of $7.10 by $0.47. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $6.13 earnings per share. On average, research analysts expect that Expedia Group will post 12.28 EPS for the current fiscal year.

Insider Activity

In related news, CAO Lance A. Soliday sold 849 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $248.08, for a total transaction of $210,619.92. Following the sale, the chief accounting officer owned 11,662 shares in the company, valued at approximately $2,893,108.96. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $258.00, for a total transaction of $258,000.00. Following the transaction, the director owned 2,916 shares of the company’s stock, valued at approximately $752,328. This represents a 25.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 4,849 shares of company stock worth $1,283,270. 9.13% of the stock is currently owned by corporate insiders.

Institutional Trading of Expedia Group

Several large investors have recently bought and sold shares of EXPE. Norges Bank acquired a new position in shares of Expedia Group in the second quarter valued at approximately $663,882,000. Wellington Management Group LLP grew its stake in shares of 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 purchasing an additional 1,801,232 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Expedia Group by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock worth $492,152,000 after buying an additional 1,473,386 shares during the period. LSV Asset Management grew its position in shares of Expedia Group by 497.0% in the 2nd quarter. LSV Asset Management now owns 871,837 shares of the online travel company’s stock valued at $147,061,000 after buying an additional 725,797 shares during the last quarter. Finally, Alkeon Capital Management LLC increased its stake in shares of Expedia Group by 20.2% in the first quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company’s stock valued at $399,284,000 after buying an additional 398,804 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

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.