Expedia Group (NASDAQ:EXPE) PT Raised to $140.00 at Morgan Stanley

Expedia Group (NASDAQ:EXPE) had its price target raised by Morgan Stanley from $135.00 to $140.00 in a research note issued on Wednesday, BenzingaRatingsTable reports. The firm currently has an “equal weight” rating on the online travel company’s stock. Morgan Stanley’s price target would indicate a potential upside of 7.89% from the company’s previous close.

Several other research analysts have also recently commented on EXPE. Cowen raised their target price on Expedia Group from $155.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Piper Jaffray Companies reduced their target price on Expedia Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Bank of America reaffirmed a “buy” rating and issued a $160.00 target price (up from $153.00) on shares of Expedia Group in a research report on Friday, July 26th. Oppenheimer set a $160.00 target price on Expedia Group and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, BidaskClub raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $152.43.

Shares of Expedia Group stock traded down $1.65 during midday trading on Wednesday, hitting $129.76. The company had a trading volume of 50,399 shares, compared to its average volume of 1,745,429. The company’s 50 day moving average price is $133.20. The company has a market cap of $19.91 billion, a PE ratio of 26.99, a PEG ratio of 1.75 and a beta of 1.08. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.71. Expedia Group has a 1-year low of $108.11 and a 1-year high of $144.00.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, July 25th. The online travel company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.07. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. Expedia Group had a net margin of 5.36% and a return on equity of 14.20%. Expedia Group’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $1.45 earnings per share. Equities analysts predict that Expedia Group will post 5.76 earnings per share for the current fiscal year.

In other Expedia Group news, Director Susan C. Athey sold 2,425 shares of Expedia Group stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $134.59, for a total transaction of $326,380.75. Following the completion of the transaction, the director now directly owns 1,462 shares of the company’s stock, valued at $196,770.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 20.96% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in shares of Expedia Group by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 1,558,162 shares of the online travel company’s stock valued at $175,222,000 after buying an additional 104,159 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Expedia Group in the fourth quarter valued at about $356,000. Nordea Investment Management AB raised its holdings in shares of Expedia Group by 33.8% in the fourth quarter. Nordea Investment Management AB now owns 7,536 shares of the online travel company’s stock valued at $849,000 after buying an additional 1,902 shares during the last quarter. Norges Bank bought a new position in shares of Expedia Group in the fourth quarter valued at about $117,112,000. Finally, Sowell Financial Services LLC raised its holdings in shares of Expedia Group by 27.5% in the fourth quarter. Sowell Financial Services LLC now owns 2,911 shares of the online travel company’s stock valued at $328,000 after buying an additional 628 shares during the last quarter. 81.97% of the stock is owned by 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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