BTIG Research Reaffirms “Buy” Rating for Expedia Group (NASDAQ:EXPE)

Expedia Group (NASDAQ:EXPE)‘s stock had its “buy” rating restated by BTIG Research in a research note issued on Monday,Benzinga reports. They currently have a $330.00 target price on the online travel company’s stock. BTIG Research’s price target indicates a potential upside of 51.56% from the company’s current price.

Several other equities research analysts have also commented on the stock. Evercore reiterated an “outperform” rating on shares of Expedia Group in a research note on Monday, February 9th. Bank of America increased their price objective on shares of Expedia Group from $303.00 to $306.00 and gave the company a “buy” rating in a research note on Friday, February 13th. TD Cowen increased their price objective on shares of Expedia Group from $260.00 to $285.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Mizuho decreased their price objective on shares of Expedia Group from $270.00 to $245.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Finally, Argus decreased their target price on Expedia Group from $345.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $284.85.

Expedia Group Stock Performance

EXPE opened at $217.73 on Monday. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group has a fifty-two week low of $156.05 and a fifty-two week high of $303.80. The firm has a market capitalization of $26.68 billion, a PE ratio of 19.17, a P/E/G ratio of 0.68 and a beta of 1.30. The company’s 50-day moving average is $238.81 and its 200 day moving average is $249.58.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 EPS. As a group, research analysts predict that Expedia Group will post 16.64 earnings per share for the current fiscal year.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the completion of the transaction, the insider directly owned 102,480 shares in the company, valued at approximately $22,629,633.60. The trade was a 7.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. CI Investments Inc. boosted its stake in Expedia Group by 1,735.0% in the third quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock worth $9,025,000 after buying an additional 39,922 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in shares of Expedia Group in the 3rd quarter valued at about $1,001,000. Rakuten Investment Management Inc. bought a new stake in shares of Expedia Group in the 3rd quarter valued at about $1,063,000. National Pension Service lifted its stake in shares of Expedia Group by 6.7% in the 3rd quarter. National Pension Service now owns 248,328 shares of the online travel company’s stock valued at $53,080,000 after acquiring an additional 15,611 shares during the last quarter. Finally, Savant Capital LLC lifted its stake in shares of Expedia Group by 13.9% in the 3rd quarter. Savant Capital LLC now owns 39,700 shares of the online travel company’s stock valued at $8,486,000 after acquiring an additional 4,853 shares during the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Company Profile

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third?party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.