Expedia Group (NASDAQ:EXPE) Price Target Raised to $166.00

Expedia Group (NASDAQ:EXPE) had its target price increased by Barclays from $153.00 to $166.00 in a research note released on Monday,Benzinga reports. They currently have an equal weight rating on the online travel company’s stock.

A number of other analysts have also issued reports on EXPE. Melius Research raised Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group upped their target price on shares of Expedia Group from $208.00 to $236.00 and gave the stock a “buy” rating in a report on Friday. Cantor Fitzgerald reissued a “neutral” rating and issued a $130.00 price target on shares of Expedia Group in a research note on Monday, October 7th. Bank of America raised shares of Expedia Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $187.00 to $221.00 in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company boosted their target price on 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, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Expedia Group presently has an average rating of “Hold” and an average target price of $175.64.

Expedia Group Stock Performance

EXPE opened at $181.30 on Monday. The company has a market cap of $23.27 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 1.03 and a beta of 1.83. Expedia Group has a 52-week low of $107.25 and a 52-week high of $192.34. The firm’s fifty day simple moving average is $183.58 and its two-hundred day simple moving average is $154.38. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Expedia Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Windacre Partnership LLC lifted its holdings in shares of Expedia Group by 49.5% in the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after purchasing an additional 1,431,500 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after buying an additional 714,229 shares during the last quarter. Alkeon Capital Management LLC boosted its holdings 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 acquiring an additional 498,934 shares during the period. Point72 Asset Management L.P. grew its position in shares of Expedia Group by 1,649.4% during the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after acquiring an additional 384,305 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Expedia Group in the 2nd quarter valued at $39,183,000. 90.76% of the stock is owned by institutional investors and hedge funds.

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.