Expedia Group (NASDAQ:EXPE) Price Target Raised to $112.00

Expedia Group (NASDAQ:EXPE) had its price objective upped by Deutsche Bank from $87.00 to $112.00 in a report published on Tuesday morning, BenzingaRatingsTable reports. They currently have a buy rating on the online travel company’s stock.

Other analysts also recently issued research reports about the company. Credit Suisse Group lowered their target price on Expedia Group from $105.00 to $90.00 and set an outperform rating on the stock in a research note on Friday, April 24th. Goldman Sachs Group downgraded Expedia Group from a neutral rating to a sell rating and lowered their price target for the stock from $126.00 to $50.00 in a research report on Thursday, March 26th. Bank of America increased their price target on Expedia Group from $76.00 to $88.00 and gave the stock a neutral rating in a research report on Tuesday. JMP Securities upgraded Expedia Group from a market perform rating to an outperform rating and set a $92.00 price target on the stock in a research report on Friday, April 24th. Finally, Wedbush increased their price target on Expedia Group from $117.00 to $121.00 and gave the stock a neutral rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $103.81.

Shares of EXPE traded up $0.94 during mid-day trading on Tuesday, reaching $77.95. The company had a trading volume of 3,468,302 shares, compared to its average volume of 4,455,529. Expedia Group has a 52-week low of $40.76 and a 52-week high of $144.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $11.14 billion, a P/E ratio of -16.24 and a beta of 1.54. The stock has a 50 day moving average of $63.62 and a two-hundred day moving average of $92.43.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Wednesday, May 20th. The online travel company reported ($1.83) EPS for the quarter, missing analysts’ consensus estimates of ($1.58) by ($0.25). Expedia Group had a positive return on equity of 9.26% and a negative net margin of 5.43%. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the company earned ($0.27) EPS. The firm’s quarterly revenue was down 15.3% compared to the same quarter last year. On average, sell-side analysts expect that Expedia Group will post -3.93 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Citizens Financial Group Inc RI increased its holdings in shares of Expedia Group by 1,041.7% in the fourth quarter. Citizens Financial Group Inc RI now owns 274 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 250 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Expedia Group by 10.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 126,001 shares of the online travel company’s stock valued at $13,626,000 after purchasing an additional 12,148 shares during the last quarter. Andra AP fonden increased its holdings in shares of Expedia Group by 28.4% in the fourth quarter. Andra AP fonden now owns 47,500 shares of the online travel company’s stock valued at $5,137,000 after purchasing an additional 10,500 shares during the last quarter. Ayalon Holdings Ltd. acquired a new stake in shares of Expedia Group in the fourth quarter valued at approximately $75,000. Finally, Analyst IMS Investment Management Services Ltd. acquired a new stake in shares of Expedia Group in the fourth quarter valued at approximately $716,000. 95.03% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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