StockNews.com Upgrades Expedia Group (NASDAQ:EXPE) to “Strong-Buy”

Expedia Group (NASDAQ:EXPE) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently issued reports on EXPE. Deutsche Bank Aktiengesellschaft cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Truist Financial began coverage on Expedia Group in a research note on Friday, September 6th. They issued a “hold” rating and a $148.00 target price on the stock. Morgan Stanley increased 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. Susquehanna boosted their price target on Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Finally, Barclays increased their price objective on Expedia Group from $134.00 to $153.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Twenty research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and a consensus price target of $167.67.

Expedia Group Trading Down 0.8 %

Shares of EXPE stock opened at $183.00 on Friday. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $192.34. 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 business has a fifty day simple moving average of $171.15 and a 200-day simple moving average of $144.18. The stock has a market cap of $23.49 billion, a P/E ratio of 23.55, a P/E/G ratio of 1.07 and a beta of 1.84.

Insider Activity at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 198,505 shares of the company’s stock, valued at $29,811,480.90. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,951 shares of company stock worth $6,197,710. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

Several large investors have recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its position in shares of 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 purchasing an additional 62 shares in the last quarter. Empirical Finance LLC boosted its position in Expedia Group by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company’s stock valued at $704,000 after buying an additional 63 shares during the last quarter. Venture Visionary Partners LLC boosted its position in Expedia Group by 0.6% in the 3rd quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock valued at $1,683,000 after buying an additional 64 shares during the last quarter. GHE LLC grew its stake in shares of Expedia Group by 1.0% during the third quarter. GHE LLC now owns 6,689 shares of the online travel company’s stock valued at $980,000 after acquiring an additional 69 shares in the last quarter. Finally, AdvisorShares Investments LLC increased its position in shares of Expedia Group by 7.1% during the second quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company’s stock worth $186,000 after acquiring 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.