Expedia Group (NASDAQ:EXPE) Cut to Buy at StockNews.com

StockNews.com cut shares of Expedia Group (NASDAQ:EXPE) from a strong-buy rating to a buy rating in a report released on Saturday.

EXPE has been the subject of several other reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $130.00 price objective on shares of Expedia Group in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft downgraded Expedia Group from a “buy” rating to a “hold” rating in a report on Friday. Jefferies Financial Group upped their price target on Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Wedbush increased their target price on shares of Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday. Twenty analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and a consensus target price of $161.62.

Expedia Group Trading Up 2.0 %

EXPE opened at $184.32 on Friday. 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 firm has a market cap of $23.99 billion, a P/E ratio of 24.03, a P/E/G ratio of 0.70 and a beta of 1.78. Expedia Group has a 52 week low of $107.25 and a 52 week high of $190.40. The business has a fifty day simple moving average of $149.81 and a 200-day simple moving average of $133.44.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the transaction, the insider now directly owns 89,960 shares in the company, valued at $11,829,740. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the sale, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the sale, the insider now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,019 shares of company stock valued at $6,958,891. Insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

A number of hedge funds and other institutional investors have recently made changes to their positions in EXPE. Pacer Advisors Inc. lifted its position in shares of Expedia Group by 36.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after acquiring an additional 714,229 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Expedia Group by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock valued at $132,851,000 after purchasing an additional 135,973 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Expedia Group by 3.1% in the first quarter. Clearbridge Investments LLC now owns 971,327 shares of the online travel company’s stock worth $133,800,000 after buying an additional 29,294 shares during the period. AustralianSuper Pty Ltd boosted its position in shares of Expedia Group by 8.5% in the third quarter. AustralianSuper Pty Ltd now owns 817,592 shares of the online travel company’s stock worth $121,020,000 after buying an additional 64,332 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in shares of Expedia Group by 414.4% during the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock valued at $94,512,000 after buying an additional 552,831 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

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.