Expedia Group (NASDAQ:EXPE) Price Target Raised to $220.00

Expedia Group (NASDAQ:EXPE) had its price target raised by Argus from $210.00 to $220.00 in a research report sent to investors on Friday,Benzinga reports. Argus currently has a buy rating on the online travel company’s stock.

EXPE has been the subject of a number of other reports. Benchmark raised their target price on Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their price objective on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. StockNews.com upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 14th. Jefferies Financial Group lifted their price objective on Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Susquehanna lifted their price objective on Expedia Group from $145.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Twenty equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $175.00.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $180.20 on Friday. The business has a 50-day moving average of $183.17 and a 200 day moving average of $153.98. Expedia Group has a 12 month low of $107.25 and a 12 month high of $192.34. The stock has a market capitalization 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 debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73.

Insider Transactions at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the transaction, the director now owns 188,505 shares of the company’s stock, valued at $29,570,779.35. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction on 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 directly owns 85,250 shares in the company, valued at $15,345,000. This represents a 2.24 % 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 90 days. 6.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. grew its holdings in Expedia Group by 2.1% during the third quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company’s stock worth $441,000 after acquiring an additional 62 shares during the period. Empirical Finance LLC grew its holdings in Expedia Group by 1.3% in the third quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company’s stock valued at $704,000 after purchasing an additional 63 shares during the last quarter. Venture Visionary Partners LLC grew its holdings in Expedia Group by 0.6% in the third quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock valued at $1,683,000 after purchasing an additional 64 shares during the last quarter. GHE LLC grew its holdings in Expedia Group by 1.0% in the third quarter. GHE LLC now owns 6,689 shares of the online travel company’s stock valued at $980,000 after purchasing an additional 69 shares during the last quarter. Finally, Orion Capital Management LLC grew its holdings in Expedia Group by 4.3% in the third quarter. Orion Capital Management LLC now owns 2,445 shares of the online travel company’s stock valued at $362,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds 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.