Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Expedia Group (NASDAQ:EXPE) had its target price lifted by Morgan Stanley from $150.00 to $180.00 in a research note released on Friday morning,Benzinga reports. They currently have an equal weight rating on the online travel company’s stock.

A number of other equities research analysts have also recently weighed in on the stock. Piper Sandler reiterated a “neutral” rating and set a $140.00 price target (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Susquehanna lifted their price objective on Expedia Group from $145.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Oppenheimer lifted their price objective on shares of Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Truist Financial initiated coverage on Expedia Group in a research report on Friday, September 6th. They set a “hold” rating and a $148.00 price objective for the company. Finally, TD Cowen downgraded shares of Expedia Group from a “buy” rating to a “hold” rating and increased their target price for the company from $130.00 to $150.00 in a research report on Wednesday, September 25th. Twenty investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $165.46.

Expedia Group Price Performance

Expedia Group stock opened at $184.08 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The company has a 50-day moving average price of $160.28 and a 200 day moving average price of $137.80. Expedia Group has a 12-month low of $107.25 and a 12-month high of $190.40. The stock has a market cap of $23.63 billion, a P/E ratio of 23.69, a PEG ratio of 0.73 and a beta of 1.78.

Insider Buying and Selling

In other news, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the sale, the director now directly owns 198,505 shares in the company, valued at approximately $29,811,480.90. The trade was a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,951 shares of company stock worth $6,197,710 in the last quarter. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its holdings in shares of Expedia Group by 33.7% during the 1st quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock worth $1,092,000 after purchasing an additional 1,996 shares during the period. Toronto Dominion Bank raised its stake in Expedia Group by 24.0% during the first quarter. Toronto Dominion Bank now owns 74,046 shares of the online travel company’s stock worth $10,200,000 after acquiring an additional 14,334 shares during the period. LRI Investments LLC acquired a new stake in Expedia Group in the first quarter worth $48,000. BOKF NA lifted its position in Expedia Group by 27.5% in the 1st quarter. BOKF NA now owns 42,364 shares of the online travel company’s stock valued at $5,644,000 after purchasing an additional 9,149 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Expedia Group by 55.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 275,430 shares of the online travel company’s stock worth $37,942,000 after buying an additional 97,825 shares during the period. Institutional investors and hedge funds 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.