Expedia Group (NASDAQ:EXPE) Stock Rating Upgraded by StockNews.com

Expedia Group (NASDAQ:EXPE) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

Several other equities research analysts have also commented on EXPE. Royal Bank of Canada restated a “sector perform” rating and set a $140.00 target price on shares of Expedia Group in a research report on Friday, August 9th. Cantor Fitzgerald restated a “neutral” rating and set a $130.00 price target on shares of Expedia Group in a report on Monday, October 7th. Oppenheimer lifted their price objective on shares of Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Wedbush boosted 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, November 8th. Finally, Wells Fargo & Company raised their price target on shares of Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Twenty equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $167.67.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $190.72 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $24.48 billion, a PE ratio of 24.55, a P/E/G ratio of 0.72 and a beta of 1.84. The firm has a fifty day simple moving average of $167.04 and a 200 day simple moving average of $141.51. Expedia Group has a twelve month low of $107.25 and a twelve month high of $192.28.

Insider Activity

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total value of $1,273,930.00. Following the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 208,505 shares in the company, valued at $31,319,536.05. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,951 shares of company stock valued at $6,197,710 in the last ninety days. 6.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Expedia Group

Large investors have recently added to or reduced their stakes in the company. Windacre Partnership LLC boosted its position in Expedia Group by 49.5% during the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after purchasing an additional 1,431,500 shares during the period. Pacer Advisors Inc. grew its stake in Expedia Group by 22.5% in the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after buying an additional 596,510 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Expedia Group by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock worth $472,212,000 after acquiring an additional 20,005 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Expedia Group by 9.4% in the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after acquiring an additional 144,579 shares during the period. Finally, Alkeon Capital Management LLC grew its position in shares of Expedia Group by 46.3% in the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after purchasing an additional 498,934 shares in the last quarter. Hedge funds and other 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.