Expedia Group (NASDAQ:EXPE) Rating Increased to Buy at Melius

Expedia Group (NASDAQ:EXPE) was upgraded by investment analysts at Melius from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The brokerage presently has a $220.00 price target on the online travel company’s stock. Melius’ price target would suggest a potential upside of 18.22% from the stock’s previous close.

EXPE has been the topic of several other research reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $130.00 price objective on shares of Expedia Group in a report on Monday, October 7th. BTIG Research boosted their price target on shares of Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Morgan Stanley raised their price objective on shares of Expedia Group from $150.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Benchmark lifted their price objective on shares of Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Oppenheimer increased their target price on shares of Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Twenty analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $171.63.

Expedia Group Price Performance

Expedia Group stock opened at $186.09 on Monday. Expedia Group has a 1 year low of $107.25 and a 1 year high of $192.34. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The company’s 50 day simple moving average is $180.79 and its 200-day simple moving average is $152.05. The company has a market capitalization of $23.88 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.07 and a beta of 1.83.

Insiders Place Their Bets

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the completion of the sale, the director now owns 188,505 shares in the company, valued at approximately $29,570,779.35. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,951 shares of company stock valued at $5,045,310. 6.80% of the stock is currently owned by insiders.

Institutional Trading of Expedia Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Windacre Partnership LLC increased its stake in Expedia Group by 49.5% in the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after purchasing an additional 1,431,500 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Expedia Group by 36.8% during the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after buying an additional 714,229 shares during the last quarter. Alkeon Capital Management LLC increased its position in Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after acquiring an additional 498,934 shares during the period. Point72 Asset Management L.P. raised its stake 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 valued at $51,354,000 after acquiring an additional 384,305 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Expedia Group during the 2nd quarter worth approximately $39,183,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

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.