Expedia Group (NASDAQ:EXPE) Raised to “Outperform” at Evercore ISI

Evercore ISI upgraded shares of Expedia Group (NASDAQ:EXPEFree Report) from an in-line rating to an outperform rating in a report released on Friday morning, MarketBeat reports. They currently have $200.00 price objective on the online travel company’s stock, up from their previous price objective of $135.00.

Several other analysts have also issued reports on the stock. Credit Suisse Group boosted their price target on shares of Expedia Group from $172.00 to $174.00 and gave the company an outperform rating in a research report on Friday, August 4th. Bank of America lowered their price target on shares of Expedia Group from $150.00 to $145.00 and set a buy rating on the stock in a research report on Friday, August 4th. Barclays reduced their price objective on shares of Expedia Group from $137.00 to $128.00 and set an overweight rating for the company in a research note on Friday, August 4th. Oppenheimer boosted their price objective on shares of Expedia Group from $120.00 to $135.00 and gave the company an outperform rating in a research note on Monday, July 31st. Finally, TD Cowen reduced their price objective on shares of Expedia Group from $125.00 to $110.00 and set an outperform rating for the company in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $129.33.

View Our Latest Stock Analysis on EXPE

Expedia Group Stock Performance

Shares of EXPE stock opened at $136.38 on Friday. The firm’s 50-day simple moving average is $104.87 and its two-hundred day simple moving average is $106.32. Expedia Group has a 52 week low of $82.39 and a 52 week high of $137.50. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $18.94 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 0.70 and a beta of 1.66.

Expedia Group announced that its Board of Directors has authorized a share buyback program on Thursday, November 2nd that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the online travel company to purchase up to 30.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 477 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $136.53, for a total transaction of $65,124.81. Following the completion of the sale, the chief accounting officer now directly owns 9,931 shares in the company, valued at approximately $1,355,879.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Lance A. Soliday sold 477 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $136.53, for a total transaction of $65,124.81. Following the completion of the sale, the chief accounting officer now directly owns 9,931 shares in the company, valued at approximately $1,355,879.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 70,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $134.50, for a total transaction of $9,415,000.00. Following the sale, the insider now owns 72,266 shares of the company’s stock, valued at $9,719,777. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,477 shares of company stock worth $10,140,125. 8.07% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPE. Capital Wealth Alliance LLC bought a new stake in Expedia Group during the 2nd quarter valued at $12,058,000. Norges Bank bought a new position in Expedia Group in the 4th quarter worth $118,582,000. Arrowstreet Capital Limited Partnership raised its holdings in Expedia Group by 187.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,921,028 shares of the online travel company’s stock worth $375,888,000 after purchasing an additional 1,251,933 shares in the last quarter. FIL Ltd raised its holdings in Expedia Group by 122.6% in the 1st quarter. FIL Ltd now owns 2,075,633 shares of the online travel company’s stock worth $201,399,000 after purchasing an additional 1,143,355 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Expedia Group by 166.9% in the 2nd quarter. Fisher Asset Management LLC now owns 1,192,706 shares of the online travel company’s stock worth $130,470,000 after purchasing an additional 745,757 shares in the last quarter. 91.15% of the stock is currently owned by institutional investors.

Expedia Group Company Profile

(Get Free Report)

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz; Travelocity; Wotif Group; CheapTickets; ebookers; Expedia; Hotwire; CarRentals.com; Classic Vacations; and Expedia Cruise.

Featured Articles

Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

Receive News & Ratings for Expedia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group and related companies with MarketBeat.com's FREE daily email newsletter.