The Goldman Sachs Group Issues Positive Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its price objective upped by The Goldman Sachs Group from $208.00 to $236.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the online travel company’s stock.

Several other analysts have also recently weighed in on EXPE. JPMorgan Chase & Co. lifted their price target 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. Benchmark increased their price target on shares of Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. BTIG Research lifted their price objective on Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut Expedia Group from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 14th. Twenty investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and a consensus target price of $175.00.

Expedia Group Trading Down 1.3 %

NASDAQ:EXPE opened at $180.20 on Friday. The firm has a market capitalization of $23.13 billion, a P/E ratio of 23.19, a P/E/G ratio of 1.03 and a beta of 1.83. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The company has a fifty day moving average of $183.17 and a 200 day moving average of $153.98. Expedia Group has a 52 week low of $107.25 and a 52 week high of $192.34.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the transaction, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the sale, the director now directly 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,951 shares of company stock worth $5,045,310. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Windacre Partnership LLC raised its stake in shares of Expedia Group by 49.5% in the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after buying an additional 1,431,500 shares during the period. Pacer Advisors Inc. raised its stake in Expedia Group by 36.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after acquiring an additional 714,229 shares during the period. Alkeon Capital Management LLC raised its stake in Expedia Group by 46.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after acquiring an additional 498,934 shares during the period. Point72 Asset Management L.P. lifted its holdings in 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 valued at $51,354,000 after purchasing an additional 384,305 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Expedia Group in the second quarter worth approximately $39,183,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

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.