Robert W. Baird Begins Coverage on Expedia Group (NASDAQ:EXPE)

Research analysts at Robert W. Baird initiated coverage on shares of Expedia Group (NASDAQ:EXPE) in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm set an “outperform” rating and a $225.00 price target on the online travel company’s stock. Robert W. Baird’s target price points to a potential upside of 21.67% from the stock’s current price.

Several other brokerages have also weighed in on EXPE. Truist Financial began coverage on Expedia Group in a research report on Friday, September 6th. They issued a “hold” rating and a $148.00 target price on the stock. UBS Group raised their price objective on shares of Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Benchmark boosted their target price on shares of Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays raised their price target on shares of Expedia Group from $134.00 to $153.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group upped their price objective on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Twenty analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $167.67.

Expedia Group Trading Down 0.7 %

Expedia Group stock opened at $184.92 on Wednesday. Expedia Group has a 12 month low of $107.25 and a 12 month high of $190.40. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The stock has a market cap of $23.73 billion, a P/E ratio of 23.80, a P/E/G ratio of 0.72 and a beta of 1.78. The company’s fifty day simple moving average is $162.99 and its 200-day simple moving average is $138.96.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 1,951 shares of the 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 sale, the insider now owns 85,250 shares in the company, valued at $15,345,000. This trade represents a 2.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 198,505 shares in the company, valued at approximately $29,811,480.90. This trade represents a 4.80 % 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 valued at $6,197,710. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Optimist Retirement Group LLC acquired a new stake in Expedia Group during the 3rd quarter valued at $246,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Expedia Group in the third quarter valued at $2,958,000. Sanctuary Advisors LLC raised its holdings in shares of Expedia Group by 6.8% in the third quarter. Sanctuary Advisors LLC now owns 9,124 shares of the online travel company’s stock valued at $1,351,000 after buying an additional 584 shares during the last quarter. Stock Yards Bank & Trust Co. lifted its position in Expedia Group by 16.3% during the 3rd quarter. Stock Yards Bank & Trust Co. now owns 216,685 shares of the online travel company’s stock worth $32,074,000 after buying an additional 30,396 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in Expedia Group by 0.3% during the 3rd quarter. M&T Bank Corp now owns 82,626 shares of the online travel company’s stock worth $12,230,000 after acquiring an additional 249 shares during the last quarter. Institutional investors 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.