BTIG Research Issues Positive Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its target price raised by BTIG Research from $175.00 to $200.00 in a report published on Friday,Benzinga reports. BTIG Research currently has a buy rating on the online travel company’s stock.

Other equities research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft lowered shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Friday. Wells Fargo & Company raised their price target on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. UBS Group boosted their price objective on shares of Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. StockNews.com upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 1st. Finally, Truist Financial started coverage on Expedia Group in a research note on Friday, September 6th. They issued a “hold” rating and a $148.00 target price on the stock. Twenty research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Expedia Group currently has an average rating of “Hold” and a consensus target price of $161.62.

Expedia Group Stock Performance

NASDAQ EXPE opened at $184.32 on Friday. The business’s 50 day moving average price is $149.81 and its 200-day moving average price is $133.44. 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 $23.99 billion, a P/E ratio of 24.03, a P/E/G ratio of 0.70 and a beta of 1.78. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the sale, the insider now directly owns 89,960 shares in the company, valued at approximately $11,829,740. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the sale, the director now directly owns 208,505 shares of the company’s stock, valued at approximately $31,319,536.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the sale, the insider now directly owns 89,960 shares of the company’s stock, valued at $11,829,740. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,019 shares of company stock worth $6,958,891. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Innealta Capital LLC bought a new position in shares of Expedia Group in the 2nd quarter worth about $27,000. Blue Trust Inc. boosted its position in shares of 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 purchasing an additional 105 shares during the period. Crewe Advisors LLC purchased a new position in shares of Expedia Group in the first quarter worth approximately $40,000. Venturi Wealth Management LLC grew its position in Expedia Group by 709.8% during 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. Finally, LRI Investments LLC acquired a new position in Expedia Group during the first quarter valued at $48,000. 90.76% of the stock is 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.