Expedia Group (NASDAQ:EXPE) Price Target Raised to $220.00

Expedia Group (NASDAQ:EXPE) had its price objective raised by Argus from $210.00 to $220.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the online travel company’s stock.

EXPE has been the topic of several other research reports. Melius Research upgraded shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. DA Davidson upped their price objective on shares of Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, November 18th. BTIG Research upped their price objective on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Oppenheimer upped their price objective on shares of Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Baird R W upgraded shares of Expedia Group to a “strong-buy” rating in a report on Wednesday, November 27th. Twenty equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $175.00.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $180.20 on Friday. The company has a market capitalization of $23.13 billion, a PE ratio of 23.19, a P/E/G ratio of 1.03 and a beta of 1.83. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The company has a 50-day simple moving average of $183.17 and a two-hundred day simple moving average of $153.98. Expedia Group has a one year low of $107.25 and a one year high of $192.34.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the firm’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 sale, the insider now directly owns 85,250 shares of the company’s stock, valued at $15,345,000. This trade represents a 2.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the completion of the sale, the director now directly owns 188,505 shares of the company’s stock, valued at $29,570,779.35. This trade represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,951 shares of company stock valued at $5,045,310. 6.80% of the stock is owned by insiders.

Institutional Trading of Expedia Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. increased its position in shares of Expedia Group by 2.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company’s stock worth $441,000 after purchasing an additional 62 shares during the last quarter. Empirical Finance LLC increased its position in shares of Expedia Group by 1.3% during the 3rd quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company’s stock worth $704,000 after purchasing an additional 63 shares during the last quarter. Venture Visionary Partners LLC increased its position in shares of Expedia Group by 0.6% during the 3rd quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock worth $1,683,000 after purchasing an additional 64 shares during the last quarter. GHE LLC increased its position in shares of Expedia Group by 1.0% during the 3rd quarter. GHE LLC now owns 6,689 shares of the online travel company’s stock worth $980,000 after purchasing an additional 69 shares during the last quarter. Finally, Orion Capital Management LLC increased its position in shares of Expedia Group by 4.3% during the 3rd quarter. Orion Capital Management LLC now owns 2,445 shares of the online travel company’s stock worth $362,000 after purchasing an additional 100 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

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.