Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, DA Davidson Analyst Says

Expedia Group (NASDAQ:EXPE) had its price target increased by DA Davidson from $135.00 to $190.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the online travel company’s stock.

A number of other research firms have also commented on EXPE. Truist Financial assumed coverage on shares of Expedia Group in a report on Friday, September 6th. They set a “hold” rating and a $148.00 target price for the company. Wedbush lifted their target price on shares of Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. StockNews.com lowered shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Wells Fargo & Company lifted their target price on shares of Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Nineteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $164.88.

Expedia Group Trading Down 0.5 %

EXPE opened at $180.40 on Monday. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $190.40. The company has a market cap of $23.48 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 0.71 and a beta of 1.78. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.76. The firm has a 50 day simple moving average of $155.40 and a 200 day simple moving average of $135.40.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction 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 sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. The trade was a 38.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Friday, October 4th. The shares were sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the completion of the sale, the director now owns 198,505 shares in the company, valued at $29,811,480.90. The trade was a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,000 shares of company stock valued at $5,846,530. 6.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in Expedia Group in the 2nd quarter valued at $27,000. Blue Trust Inc. increased its stake in Expedia Group by 93.8% in the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after buying an additional 105 shares during the last quarter. Crewe Advisors LLC acquired a new stake in Expedia Group in the 1st quarter valued at $40,000. Venturi Wealth Management LLC increased its stake in Expedia Group by 709.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after buying an additional 291 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Expedia Group during the 1st quarter worth about $48,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.