StockNews.com Upgrades Expedia Group (NASDAQ:EXPE) to Strong-Buy

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

EXPE has been the subject of several other research reports. BTIG Research raised their price target on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 8th. UBS Group lifted their price target on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Benchmark raised their price objective on shares of Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Jefferies Financial Group boosted their target price on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, DA Davidson boosted their target price on Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Twenty analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $167.67.

Expedia Group Stock Down 0.8 %

Shares of EXPE opened at $183.00 on Friday. The company’s 50-day simple moving average is $171.80 and its 200-day simple moving average is $145.17. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group has a 1 year low of $107.25 and a 1 year high of $192.34. The stock has a market capitalization of $23.49 billion, a PE ratio of 23.55, a P/E/G ratio of 1.07 and a beta of 1.84.

Insiders Place Their Bets

In related news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the sale, the director now owns 198,505 shares of the company’s stock, valued at $29,811,480.90. This trade represents a 4.80 % 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. Also, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the transaction, the insider now directly owns 85,250 shares of the company’s stock, valued at $15,345,000. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,951 shares of company stock worth $6,197,710. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several large investors have recently added to or reduced their stakes in the business. Oddo BHF Asset Management Sas purchased a new position in shares of Expedia Group during the 3rd quarter worth about $1,930,000. Optimist Retirement Group LLC purchased a new position in shares of Expedia Group in the 3rd quarter valued at $246,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Expedia Group during the 3rd quarter valued at $2,958,000. Sanctuary Advisors LLC boosted its position in Expedia Group by 6.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,124 shares of the online travel company’s stock worth $1,351,000 after purchasing an additional 584 shares during the period. Finally, Stock Yards Bank & Trust Co. increased its holdings in Expedia Group by 16.3% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 216,685 shares of the online travel company’s stock valued at $32,074,000 after purchasing an additional 30,396 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other 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.