Expedia Group (NASDAQ:EXPE) Price Target Raised to $180.00 at Wedbush

Expedia Group (NASDAQ:EXPEFree Report) had its price target boosted by Wedbush from $130.00 to $180.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the online travel company’s stock.

Other analysts also recently issued research reports about the company. StockNews.com upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 1st. Truist Financial assumed coverage on Expedia Group in a report on Friday, September 6th. They set a “hold” rating and a $148.00 price target on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a research report on Monday, October 7th. Barclays reduced their price objective on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Finally, Citigroup boosted their price objective on shares of Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Twenty analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $161.62.

View Our Latest Report on EXPE

Expedia Group Stock Up 2.0 %

Expedia Group stock opened at $184.32 on Friday. The company has a market capitalization of $23.99 billion, a P/E ratio of 23.72, a P/E/G ratio of 0.70 and a beta of 1.78. Expedia Group has a 1-year low of $107.25 and a 1-year high of $190.40. The firm’s fifty day simple moving average is $149.81 and its 200-day simple moving average is $133.44. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45.

Insider Activity at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the transaction, the director now directly owns 208,505 shares in the company, valued at $31,319,536.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the sale, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the completion of the sale, the director now owns 208,505 shares of the company’s stock, valued at approximately $31,319,536.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,019 shares of company stock worth $6,958,891 over the last ninety days. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXPE. Empirical Finance LLC increased its position in shares of Expedia Group by 3.2% during the first quarter. Empirical Finance LLC now owns 5,101 shares of the online travel company’s stock worth $703,000 after acquiring an additional 157 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Expedia Group by 17.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,988 shares of the online travel company’s stock valued at $549,000 after purchasing an additional 579 shares in the last quarter. LSV Asset Management acquired a new position in shares of Expedia Group during the first quarter worth about $8,361,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Expedia Group by 36.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 13,037 shares of the online travel company’s stock worth $1,796,000 after buying an additional 3,496 shares in the last quarter. Finally, Forsta AP Fonden raised its position in Expedia Group by 7.8% in the 1st quarter. Forsta AP Fonden now owns 37,500 shares of the online travel company’s stock valued at $5,166,000 after buying an additional 2,700 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Company Profile

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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.

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