Robert W. Baird Begins Coverage on Expedia Group (NASDAQ:EXPE)

Robert W. Baird assumed coverage on shares of Expedia Group (NASDAQ:EXPE) in a research note published on Wednesday, Marketbeat reports. The firm issued an outperform rating and a $225.00 target price on the online travel company’s stock.

EXPE has been the topic of a number of other research reports. UBS Group raised their target price on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. StockNews.com cut Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. BTIG Research upped their target price on Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Wells Fargo & Company increased their target price on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Benchmark lifted their price target on Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Twenty investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and an average price target of $167.67.

Expedia Group Price Performance

NASDAQ:EXPE opened at $184.62 on Wednesday. Expedia Group has a 12-month low of $107.25 and a 12-month high of $190.40. The firm has a market cap of $23.70 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 0.73 and a beta of 1.78. The company’s 50-day moving average is $163.80 and its two-hundred day moving average is $139.64. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This trade represents a 38.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was 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 directly owns 208,505 shares of the company’s stock, valued at $31,319,536.05. The trade was a 4.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,951 shares of company stock valued at $6,197,710. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds have recently bought and sold shares of EXPE. Innealta Capital LLC acquired a new position in Expedia Group in the second quarter worth $27,000. Blue Trust Inc. lifted its position in shares of Expedia Group by 93.8% in the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after buying an additional 105 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Expedia Group by 709.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after buying an additional 291 shares during the period. LRI Investments LLC bought a new stake in shares of Expedia Group during the 1st quarter valued at about $48,000. Finally, Brooklyn Investment Group acquired a new stake in Expedia Group during the third quarter worth about $51,000. 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.