Expedia Group, Inc. (NASDAQ:EXPE) Receives Average Rating of “Hold” from Brokerages

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have been given an average recommendation of “Hold” by the twenty-nine brokerages that are presently covering the company, Marketbeat reports. Twenty investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $167.67.

EXPE has been the topic of a number of research reports. Baird R W upgraded Expedia Group to a “strong-buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. increased their price objective on Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Robert W. Baird initiated coverage on Expedia Group in a research note on Wednesday, November 27th. They set an “outperform” rating and a $225.00 target price on the stock. Piper Sandler reissued a “neutral” rating and issued a $140.00 price target (down previously from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Finally, BTIG Research lifted their price objective on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 8th.

Expedia Group Price Performance

EXPE opened at $183.69 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The company’s 50-day moving average price is $165.34 and its 200 day moving average price is $140.83. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $190.40. The firm has a market cap of $23.58 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 0.73 and a beta of 1.84.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 7,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 owns 85,250 shares of the company’s stock, valued at $15,345,000. The trade was a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,951 shares of company stock valued at $6,197,710 over the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC acquired a new position in Expedia Group in the 2nd quarter worth about $27,000. Blue Trust Inc. raised its position in Expedia Group by 93.8% during the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 105 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in 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 last quarter. Brooklyn Investment Group bought a new stake in Expedia Group in the third quarter worth approximately $51,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Expedia Group during the 2nd quarter worth $65,000. Institutional investors and hedge funds 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.