Expedia Group (NASDAQ:EXPE) Raised to Strong-Buy at Baird R W

Expedia Group (NASDAQ:EXPE) was upgraded by analysts at Baird R W to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. Oppenheimer increased their target price on shares of Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. TD Cowen lowered shares of Expedia Group from a “buy” rating to a “hold” rating and increased their price objective for the stock from $130.00 to $150.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. raised their price objective on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Bank of America raised their target price on Expedia Group from $144.00 to $166.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Benchmark upped their price target on Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Twenty equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and a consensus target price of $167.67.

Expedia Group Price Performance

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

Insider Buying and Selling at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the sale, the director now directly owns 198,505 shares in the company, valued at $29,811,480.90. This trade represents a 4.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the firm’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 transaction of $1,273,930.00. Following the completion of the sale, the chief accounting officer now owns 11,187 shares in the company, valued at $2,035,922.13. The trade was a 38.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,951 shares of company stock worth $6,197,710 over the last ninety days. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

Institutional investors have recently made changes to their positions in the stock. Innealta Capital LLC bought a new stake in shares of Expedia Group during the 2nd quarter worth $27,000. Blue Trust Inc. boosted its position in shares of Expedia Group by 93.8% in the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 105 shares during the period. Venturi Wealth Management LLC increased its stake 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 worth $49,000 after purchasing an additional 291 shares in the last quarter. LRI Investments LLC acquired a new stake in Expedia Group during the 1st quarter worth about $48,000. Finally, Brooklyn Investment Group purchased a new stake in Expedia Group during the third quarter valued at about $51,000. 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.