Expedia Group (NASDAQ:EXPE) Given Market Perform Rating at JMP Securities

JMP Securities restated their market perform rating on shares of Expedia Group (NASDAQ:EXPE) in a research note issued to investors on Monday morning,Benzinga reports.

Several other equities analysts have also recently issued reports on the stock. DA Davidson upped their target price on shares of Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Morgan Stanley lifted their target price on shares of Expedia Group from $150.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised their price target on Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Truist Financial initiated coverage on Expedia Group in a research report on Friday, September 6th. They set a “hold” rating and a $148.00 price objective for the company. Finally, Barclays raised their target price on Expedia Group from $134.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Twenty-one research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $167.67.

Expedia Group Stock Performance

Shares of EXPE stock opened at $182.59 on Monday. The company has a market capitalization of $23.43 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 1.07 and a beta of 1.84. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group has a one year low of $107.25 and a one year high of $192.34. The company’s 50-day moving average is $172.43 and its 200 day moving average is $145.68.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction on Thursday, November 21st. The shares were 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 approximately $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the transaction, the director now directly owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. This represents a 4.80 % 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 worth $6,197,710 in the last three months. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently modified their holdings of EXPE. Windacre Partnership LLC grew its stake in Expedia Group by 49.5% in the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after acquiring an additional 1,431,500 shares in the last quarter. Pacer Advisors Inc. boosted its holdings 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 valued at $334,403,000 after purchasing an additional 714,229 shares during the period. Alkeon Capital Management LLC grew its stake in Expedia Group by 46.3% in the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after purchasing an additional 498,934 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Expedia Group by 1,649.4% during 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, AustralianSuper Pty Ltd grew its holdings in Expedia Group by 88.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after acquiring an additional 354,389 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

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.