Expedia Group (NASDAQ:EXPE) Upgraded at Melius Research

Expedia Group (NASDAQ:EXPE) was upgraded by investment analysts at Melius Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other brokerages also recently weighed in on EXPE. DA Davidson boosted their price target on shares of Expedia Group from $135.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Barclays raised their price objective on shares of Expedia Group from $134.00 to $153.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. TD Cowen downgraded shares of Expedia Group from a “buy” rating to a “hold” rating and increased their price target for the stock from $130.00 to $150.00 in a report on Wednesday, September 25th. Baird R W raised Expedia Group to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company increased their target price on Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Twenty investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $171.63.

Expedia Group Stock Down 1.4 %

Expedia Group stock opened at $182.33 on Monday. Expedia Group has a 1-year low of $107.25 and a 1-year high of $192.34. The firm has a market capitalization of $23.40 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 1.07 and a beta of 1.83. 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 firm’s fifty day moving average price is $181.80 and its two-hundred day moving average price is $152.85.

Insider Buying and Selling

In other news, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Friday, November 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the completion of the transaction, the director now owns 188,505 shares in the company, valued at approximately $29,570,779.35. This trade represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,951 shares of company stock worth $5,045,310 in the last 90 days. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

Large investors have recently bought and sold shares of the company. Windacre Partnership LLC increased its stake in Expedia Group by 49.5% during the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after buying an additional 1,431,500 shares during the period. Pacer Advisors Inc. increased its position in shares of Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after acquiring an additional 714,229 shares in the last quarter. Alkeon Capital Management LLC lifted its position in shares of Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after acquiring an additional 498,934 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Expedia Group by 1,649.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after purchasing an additional 384,305 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Expedia Group during the 2nd quarter valued at $39,183,000. Institutional investors and hedge funds 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.