Expedia Group (NASDAQ:EXPE) Upgraded by Melius to Buy Rating

Expedia Group (NASDAQ:EXPE) was upgraded by analysts at Melius from a “hold” rating to a “buy” rating in a research report issued on Monday,Briefing.com Automated Import reports. The firm presently has a $220.00 price objective on the online travel company’s stock. Melius’ target price would indicate a potential upside of 18.22% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $130.00 price target on shares of Expedia Group in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft downgraded Expedia Group from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Morgan Stanley lifted their price target on Expedia Group from $150.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. Susquehanna upped their price objective on Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Twenty research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $171.63.

Expedia Group Stock Up 0.4 %

EXPE stock opened at $186.09 on Monday. The company has a market capitalization of $23.88 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 1.07 and a beta of 1.83. Expedia Group has a 12 month low of $107.25 and a 12 month high of $192.34. The firm’s fifty day simple moving average is $180.79 and its 200-day simple moving average is $152.05. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the transaction, the insider now owns 85,250 shares in the company, valued at approximately $15,345,000. This trade represents a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total value of $1,851,500.00. Following the completion of the sale, the director now owns 168,505 shares of the company’s stock, valued at approximately $31,198,700.75. The trade was a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,951 shares of company stock valued at $5,045,310 over the last 90 days. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Venturi Wealth Management LLC increased its position in Expedia Group by 709.8% during the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after purchasing an additional 291 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Expedia Group during the 3rd quarter worth approximately $51,000. Strategic Financial Concepts LLC purchased a new stake in shares of Expedia Group during the 2nd quarter valued at approximately $65,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Expedia Group during the 3rd quarter valued at approximately $74,000. Finally, Versant Capital Management Inc lifted its holdings in Expedia Group by 299.3% in the fourth quarter. Versant Capital Management Inc now owns 559 shares of the online travel company’s stock valued at $104,000 after acquiring an additional 419 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

About Expedia Group

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.