Royal Bank of Canada Reaffirms Sector Perform Rating for Expedia Group (NASDAQ:EXPE)

Royal Bank of Canada reissued their sector perform rating on shares of Expedia Group (NASDAQ:EXPEFree Report) in a report released on Friday morning, Benzinga reports. Royal Bank of Canada currently has a $155.00 target price on the online travel company’s stock.

EXPE has been the topic of several other research reports. Evercore ISI upgraded shares of Expedia Group from an in-line rating to an outperform rating and upped their target price for the stock from $135.00 to $200.00 in a research note on Friday, November 17th. TheStreet raised shares of Expedia Group from a c+ rating to a b- rating in a report on Thursday, November 30th. Wedbush reaffirmed a neutral rating and set a $130.00 target price on shares of Expedia Group in a report on Friday. The Goldman Sachs Group upped their price target on shares of Expedia Group from $155.00 to $190.00 and gave the stock a buy rating in a research report on Friday, January 19th. Finally, StockNews.com lowered shares of Expedia Group from a buy rating to a hold rating in a research report on Tuesday, February 6th. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Expedia Group has a consensus rating of Hold and an average price target of $149.29.

Get Our Latest Report on EXPE

Expedia Group Price Performance

EXPE stock opened at $131.11 on Friday. The firm’s 50-day moving average price is $148.98 and its two-hundred day moving average price is $123.76. Expedia Group has a 12-month low of $87.94 and a 12-month high of $160.05. The stock has a market capitalization of $18.20 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 0.39 and a beta of 1.90. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.14.

Expedia Group announced that its board has approved a stock repurchase plan on Thursday, November 2nd that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the online travel company to purchase up to 30.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, insider Robert J. Dzielak sold 70,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $134.50, for a total value of $9,415,000.00. Following the completion of the transaction, the insider now directly owns 72,266 shares in the company, valued at approximately $9,719,777. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other 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 owns 9,931 shares of the company’s stock, valued at $1,355,879.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 70,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $134.50, for a total transaction of $9,415,000.00. Following the sale, the insider now directly owns 72,266 shares of the company’s stock, valued at approximately $9,719,777. The disclosure for this sale can be found here. Insiders have sold 100,477 shares of company stock valued at $13,989,925 in the last ninety days. Insiders own 8.07% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Large investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. grew its holdings in shares of Expedia Group by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,090 shares of the online travel company’s stock valued at $773,000 after purchasing an additional 75 shares during the period. Hohimer Wealth Management LLC grew its holdings in shares of Expedia Group by 1.2% in the fourth quarter. Hohimer Wealth Management LLC now owns 6,711 shares of the online travel company’s stock valued at $1,019,000 after purchasing an additional 78 shares during the period. Harbour Investments Inc. grew its holdings in shares of Expedia Group by 25.6% in the third quarter. Harbour Investments Inc. now owns 398 shares of the online travel company’s stock valued at $41,000 after purchasing an additional 81 shares during the period. Nilsine Partners LLC boosted its stake in Expedia Group by 1.7% during the fourth quarter. Nilsine Partners LLC now owns 5,725 shares of the online travel company’s stock worth $869,000 after buying an additional 96 shares during the period. Finally, Commerce Bank boosted its stake in Expedia Group by 4.3% during the fourth quarter. Commerce Bank now owns 2,304 shares of the online travel company’s stock worth $350,000 after buying an additional 96 shares during the period. Hedge funds and other institutional investors own 91.15% of the company’s stock.

About Expedia Group

(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.

Recommended Stories

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.