Expedia Group (NASDAQ:EXPE) Rating Increased to Buy at Melius

Melius upgraded shares of Expedia Group (NASDAQ:EXPE) from a hold rating to a buy rating in a research report sent to investors on Monday morning, MarketBeat.com reports. The firm currently has $220.00 target price on the online travel company’s stock.

A number of other analysts also recently weighed in on the stock. Morgan Stanley upped their target price on shares of Expedia Group from $150.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. StockNews.com raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 14th. Benchmark boosted their price target on Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. 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. Finally, Deutsche Bank Aktiengesellschaft cut Expedia Group from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Twenty equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $171.63.

Expedia Group Trading Down 0.6 %

EXPE opened at $184.99 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. Expedia Group has a 52 week low of $107.25 and a 52 week high of $192.34. The stock has a market cap of $23.74 billion, a PE ratio of 23.81, a PEG ratio of 1.07 and a beta of 1.83. The business has a 50 day moving average of $181.33 and a 200-day moving average of $152.47.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the transaction, the director now owns 168,505 shares in the company, valued at approximately $31,198,700.75. This trade represents a 5.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,951 shares of company stock worth $5,045,310. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

A number of institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its stake in shares of Expedia Group by 709.8% in the third 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 during the period. Brooklyn Investment Group bought a new position in Expedia Group in the 3rd quarter worth approximately $51,000. Strategic Financial Concepts LLC purchased a new stake in Expedia Group during the 2nd quarter valued at approximately $65,000. Future Financial Wealth Managment LLC bought a new stake in shares of Expedia Group during the third quarter valued at approximately $74,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Expedia Group by 299.3% in the fourth quarter. Versant Capital Management Inc now owns 559 shares of the online travel company’s stock worth $104,000 after buying an additional 419 shares in the last quarter. Hedge funds and other 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.