Expedia Group (NASDAQ:EXPE) Price Target Raised to $166.00

Expedia Group (NASDAQ:EXPE) had its target price upped by Barclays from $153.00 to $166.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the online travel company’s stock. Barclays‘s target price would indicate a potential downside of 9.38% from the company’s current price.

A number of other research firms have also weighed in on EXPE. StockNews.com raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 14th. Oppenheimer raised their target price on Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $130.00 price target on shares of Expedia Group in a research note on Monday, October 7th. Baird R W raised Expedia Group to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, TD Cowen downgraded Expedia Group from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $130.00 to $150.00 in a report on Wednesday, September 25th. Twenty analysts have rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Expedia Group currently has an average rating of “Hold” and an average target price of $175.64.

Expedia Group Stock Up 1.0 %

Shares of NASDAQ:EXPE opened at $183.19 on Monday. The company has a market capitalization of $23.51 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 1.03 and a beta of 1.83. The company has a 50 day moving average of $183.94 and a two-hundred day moving average of $154.78. Expedia Group has a 52-week low of $107.25 and a 52-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.

Insider Activity

In related news, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 1,951 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the sale, the insider now directly owns 85,250 shares of the company’s stock, valued at $15,345,000. This trade represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC boosted its position 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 valued at $49,000 after acquiring an additional 291 shares during the period. Brooklyn Investment Group bought a new position in shares of Expedia Group during the 3rd quarter worth about $51,000. Future Financial Wealth Managment LLC acquired a new position in shares of Expedia Group during the third quarter valued at about $74,000. Versant Capital Management Inc lifted its stake 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 valued at $104,000 after buying an additional 419 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in Expedia Group during the third quarter valued at about $118,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.