Argus Forecasts Strong Price Appreciation for Expedia Group (NASDAQ:EXPE) Stock

Expedia Group (NASDAQ:EXPE) had its price target lifted by equities research analysts at Argus from $210.00 to $220.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the online travel company’s stock. Argus’ target price would suggest a potential upside of 22.09% from the stock’s previous close.

Several other equities research analysts also recently weighed in on EXPE. Wedbush increased their target price on shares of Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. BTIG Research increased their price objective on Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. DA Davidson lifted their target price on Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Wells Fargo & Company upped their price target on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group lifted their price objective on shares of Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Twenty analysts have rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $175.00.

Expedia Group Stock Down 1.3 %

EXPE stock opened at $180.20 on Friday. The company has a market cap of $23.13 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 1.03 and a beta of 1.83. The company has a fifty day moving average price of $183.17 and a 200 day moving average price of $153.79. 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 $192.34.

Insider Transactions at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the completion of the sale, the director now owns 188,505 shares of the company’s stock, valued at $29,570,779.35. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the transaction, the insider now owns 85,250 shares in the company, valued at $15,345,000. This trade represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,951 shares of company stock worth $5,045,310 over the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Expedia Group

Several large investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC grew its holdings 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 valued at $49,000 after purchasing an additional 291 shares in the last quarter. Brooklyn Investment Group purchased a new position in Expedia Group in the 3rd quarter valued at about $51,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Expedia Group during the third quarter valued at about $74,000. Versant Capital Management Inc increased its position in shares of Expedia Group by 299.3% during the fourth quarter. Versant Capital Management Inc now owns 559 shares of the online travel company’s stock worth $104,000 after acquiring an additional 419 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Expedia Group in the third quarter worth about $118,000. 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.