Morgan Stanley Increases Expedia Group (NASDAQ:EXPE) Price Target to $180.00

Expedia Group (NASDAQ:EXPE) had its target price raised by Morgan Stanley from $150.00 to $180.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the online travel company’s stock. Morgan Stanley’s target price would suggest a potential downside of 2.66% from the stock’s current price.

Several other research firms have also commented on EXPE. BTIG Research lifted their price target on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. raised their target price on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Piper Sandler restated a “neutral” rating and issued a $140.00 target price (down from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Bank of America boosted their target price on shares of Expedia Group from $144.00 to $166.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company raised their target price on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Twenty analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $165.46.

Expedia Group Trading Up 0.8 %

EXPE opened at $184.92 on Friday. The stock has a market capitalization of $23.73 billion, a PE ratio of 23.80, a P/E/G ratio of 0.72 and a beta of 1.78. The firm’s fifty day moving average price is $159.31 and its 200 day moving average price is $137.11. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group has a 12-month low of $107.25 and a 12-month high of $190.40.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the transaction, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the business’s stock in a transaction that occurred 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 owns 11,187 shares in the company, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,951 shares of company stock worth $6,197,710. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in shares of Expedia Group in the second quarter valued at approximately $27,000. Blue Trust Inc. grew its position in shares of Expedia Group by 93.8% during the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after buying an additional 105 shares during the period. LRI Investments LLC bought a new stake in shares of Expedia Group in the 1st quarter valued at about $48,000. Venturi Wealth Management LLC raised its position in shares of 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 acquiring an additional 291 shares during the period. Finally, Brooklyn Investment Group bought a new position in Expedia Group during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

About Expedia Group

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.