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

Expedia Group (NASDAQ:EXPE) had its price target increased by Barclays from $153.00 to $166.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an equal weight rating on the online travel company’s stock.

Other equities research analysts have also issued reports about the company. Baird R W upgraded Expedia Group to a “strong-buy” rating in a research report on Wednesday, November 27th. Jefferies Financial Group increased their target price on Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Melius raised Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price target for the company in a report on Monday, January 6th. TD Cowen downgraded shares of Expedia Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $130.00 to $150.00 in a research report on Wednesday, September 25th. Finally, The Goldman Sachs Group raised their price objective on shares of Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Twenty research analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $175.64.

Expedia Group Trading Up 1.8 %

Shares of EXPE stock opened at $186.52 on Monday. 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 company has a market capitalization of $23.94 billion, a P/E ratio of 24.01, a P/E/G ratio of 1.03 and a beta of 1.83. Expedia Group has a 12-month low of $107.25 and a 12-month high of $192.34. The firm has a 50-day moving average price of $183.94 and a 200 day moving average price of $154.78.

Insiders Place Their Bets

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $156.87, for a total value of $1,568,700.00. Following the completion of the transaction, the director now owns 188,505 shares in the company, valued at $29,570,779.35. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This represents a 38.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 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 Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EXPE. Venturi Wealth Management LLC raised its position 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 valued at $49,000 after buying an additional 291 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Expedia Group in the third quarter valued at approximately $51,000. Future Financial Wealth Managment LLC bought a new stake in shares of Expedia Group in the third quarter worth $74,000. Versant Capital Management Inc boosted its holdings in 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 purchasing an additional 419 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Expedia Group in the third quarter valued at $118,000. 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.