Expedia Group (NASDAQ:EXPE) Reaches New 52-Week High – Still a Buy?

Expedia Group, Inc. (NASDAQ:EXPE) reached a new 52-week high on Thursday . The company traded as high as $160.50 and last traded at $160.50, with a volume of 264629 shares. The stock had previously closed at $150.84.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EXPE shares. Susquehanna increased their target price on Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Citigroup upped their price target on shares of Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Expedia Group in a report on Friday, August 9th. Wells Fargo & Company increased their target price on Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Truist Financial assumed coverage on Expedia Group in a research note on Friday, September 6th. They issued a “hold” rating and a $148.00 price target on the stock. Nineteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $150.85.

Expedia Group Price Performance

The company has a market cap of $21.58 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. The company has a fifty day simple moving average of $139.87 and a two-hundred day simple moving average of $129.70.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.17 by $0.34. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same period last year, the company posted $2.34 EPS. The company’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts anticipate that Expedia Group, Inc. will post 8.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the sale, the insider now directly owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the sale, the insider now owns 89,960 shares of the company’s stock, valued at $11,829,740. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $150.21, for a total value of $1,502,100.00. Following the completion of the sale, the director now directly owns 208,505 shares of the company’s stock, valued at approximately $31,319,536.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,019 shares of company stock worth $5,390,191. Insiders own 8.07% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Expedia Group by 1.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock valued at $47,302,000 after acquiring an additional 6,432 shares in the last quarter. DoubleLine ETF Adviser LP acquired a new stake in shares of Expedia Group during the 2nd quarter valued at about $465,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Expedia Group by 18.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock valued at $21,333,000 after purchasing an additional 23,939 shares during the period. Swedbank AB lifted its holdings in shares of Expedia Group by 5.0% during the second quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock valued at $21,302,000 after acquiring an additional 8,026 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of Expedia Group by 33.7% during the 1st quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock worth $1,092,000 after purchasing an additional 1,996 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

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.