Expedia Group (NASDAQ:EXPE) Rating Increased to Buy at Bank of America

Expedia Group (NASDAQ:EXPE) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a report released on Wednesday,Briefing.com Automated Import reports. The firm presently has a $221.00 price target on the online travel company’s stock, up from their previous price target of $187.00. Bank of America‘s price objective suggests a potential upside of 22.34% from the company’s current price.

EXPE has been the topic of a number of other research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a research note on Monday, October 7th. Baird R W raised shares of Expedia Group to a “strong-buy” rating in a research note on Wednesday, November 27th. Truist Financial started coverage on shares of Expedia Group in a report on Friday, September 6th. They issued a “hold” rating and a $148.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a research report on Monday. Twenty investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $169.70.

Expedia Group Price Performance

Expedia Group stock opened at $180.64 on Wednesday. Expedia Group has a 12-month low of $107.25 and a 12-month high of $192.34. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The firm has a 50-day moving average price of $173.00 and a 200-day moving average price of $146.16. The firm has a market capitalization of $23.18 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 1.07 and a beta of 1.84.

Insiders Place Their Bets

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the completion of the transaction, the director now owns 198,505 shares in the company, valued at approximately $29,811,480.90. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction dated 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 owns 11,187 shares in the company, valued at $2,035,922.13. This trade represents a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,951 shares of company stock valued at $6,197,710. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new position in shares of Expedia Group in the second quarter valued at approximately $27,000. Blue Trust Inc. raised its holdings 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 acquiring an additional 105 shares during the last quarter. Venturi Wealth Management LLC lifted 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 worth $49,000 after purchasing an additional 291 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Expedia Group during the 3rd quarter worth approximately $51,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Expedia Group in the third quarter valued at approximately $74,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.