Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Expedia Group (NASDAQ:EXPE) had its price target lifted by Morgan Stanley from $150.00 to $180.00 in a report published on Friday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the online travel company’s stock.

Several other equities research analysts also recently commented on the company. UBS Group lifted their price objective on Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. TD Cowen cut shares of Expedia Group from a “buy” rating to a “hold” rating and boosted their price objective for the company from $130.00 to $150.00 in a report on Wednesday, September 25th. Truist Financial assumed coverage on shares of Expedia Group in a report on Friday, September 6th. They issued a “hold” rating and a $148.00 target price on the stock. Wedbush boosted their target price on shares of Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Susquehanna raised their price target on Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Twenty research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $165.46.

Expedia Group Stock Performance

Shares of EXPE opened at $184.92 on Friday. The company has a market cap of $23.73 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 0.72 and a beta of 1.78. The business’s fifty day simple moving average is $159.31 and its two-hundred day simple moving average is $137.29. Expedia Group has a 12 month low of $107.25 and a 12 month high of $190.40. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insiders Place Their Bets

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $150.18, for a total value of $1,501,800.00. Following the completion of the transaction, the director now directly owns 198,505 shares in the company, valued at $29,811,480.90. This represents a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction that occurred 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 sale, the insider now owns 85,250 shares in the company, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,951 shares of company stock worth $6,197,710. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Innealta Capital LLC bought a new stake in shares of Expedia Group in the second quarter worth about $27,000. Blue Trust Inc. increased its stake in Expedia Group by 93.8% in the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after acquiring an additional 105 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after acquiring an additional 291 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Expedia Group during the 1st quarter worth approximately $48,000. Finally, Brooklyn Investment Group bought a new position in shares of Expedia Group during the 3rd quarter valued at approximately $51,000. Institutional investors own 90.76% of the company’s stock.

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.