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

Expedia Group (NASDAQ:EXPE) had its price target upped by stock analysts at Argus from $210.00 to $220.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the online travel company’s stock. Argus’ target price points to a potential upside of 22.17% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. StockNews.com raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 14th. DA Davidson increased their target price on Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Barclays raised their price target on shares of Expedia Group from $134.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Morgan Stanley upped their target price on Expedia Group from $150.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Finally, Melius upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Monday. Twenty analysts have rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Expedia Group currently has an average rating of “Hold” and an average price target of $173.36.

Expedia Group Stock Performance

Shares of EXPE stock traded down $2.55 during trading hours on Friday, hitting $180.07. The company’s stock had a trading volume of 91,958 shares, compared to its average volume of 885,241. The stock has a market cap of $23.11 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 1.03 and a beta of 1.84. Expedia Group has a 12-month low of $107.25 and a 12-month high of $192.34. The company has a 50 day moving average of $182.76 and a 200 day moving average of $153.27. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the transaction, the insider now directly owns 85,250 shares in the company, valued at $15,345,000. This represents a 2.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred 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 transaction, the director now owns 188,505 shares of the company’s stock, valued at approximately $29,570,779.35. The trade was a 5.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,951 shares of company stock valued at $5,045,310. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several institutional investors have recently modified their holdings of EXPE. Windacre Partnership LLC lifted its stake in Expedia Group by 49.5% during the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after purchasing an additional 1,431,500 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after purchasing an additional 714,229 shares during the period. Alkeon Capital Management LLC lifted its position in shares of Expedia Group by 46.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after purchasing an additional 498,934 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Expedia Group by 1,649.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock valued at $51,354,000 after purchasing an additional 384,305 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Expedia Group in the 2nd quarter worth approximately $39,183,000. 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.