BTIG Research Forecasts Strong Price Appreciation for Expedia Group (NASDAQ:EXPE) Stock

Expedia Group (NASDAQ:EXPE) had its target price upped by BTIG Research from $175.00 to $200.00 in a report issued on Friday morning,Benzinga reports. They currently have a buy rating on the online travel company’s stock.

Several other brokerages have also issued reports on EXPE. Citigroup raised their target price on shares of Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. DA Davidson restated a “neutral” rating and set a $135.00 price objective on shares of Expedia Group in a report on Friday, August 9th. JPMorgan Chase & Co. lifted their price objective on shares of Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a report on Friday. Cantor Fitzgerald reiterated a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a report on Monday, October 7th. Finally, Wedbush increased their price target on shares of Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday. Twenty equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $161.62.

Expedia Group Stock Performance

Expedia Group stock opened at $184.32 on Friday. Expedia Group has a 52-week low of $107.25 and a 52-week high of $190.40. The firm has a market capitalization 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. The stock has a fifty day moving average price of $149.81 and a two-hundred day moving average price of $133.44. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76.

Insider Transactions at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the transaction, the director now owns 188,505 shares in the company, valued at $29,570,779.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the sale, the insider now directly owns 89,960 shares of the company’s stock, valued at $11,829,740. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the transaction, the director now directly owns 188,505 shares of the company’s stock, valued at approximately $29,570,779.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,019 shares of company stock valued at $6,958,891. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Innealta Capital LLC bought a new stake in shares of Expedia Group in the 2nd quarter worth approximately $27,000. Blue Trust Inc. raised its stake in Expedia Group by 93.8% during the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after buying an additional 105 shares during the last quarter. Crewe Advisors LLC bought a new stake in Expedia Group in the first quarter worth $40,000. Venturi Wealth Management LLC grew its stake in shares of Expedia Group by 709.8% in the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after acquiring an additional 291 shares during the last quarter. Finally, LRI Investments LLC bought a new position in shares of Expedia Group during the first quarter valued at $48,000. 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.