Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, Argus Analyst Says

Expedia Group (NASDAQ:EXPE) had its price target lifted by research analysts at Argus from $210.00 to $220.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the online travel company’s stock. Argus’ price target indicates a potential upside of 22.09% from the company’s previous close.

Several other analysts have also weighed in on the company. Wedbush boosted their price objective on Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, November 8th. UBS Group upped their price target on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. BTIG Research raised their price objective on Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. DA Davidson boosted 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. Finally, Robert W. Baird started coverage on shares of Expedia Group in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $225.00 price target on the stock. Twenty equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Expedia Group has an average rating of “Hold” and an average target price of $175.00.

Expedia Group Price Performance

EXPE opened at $180.20 on Friday. The company has a market capitalization of $23.13 billion, a P/E ratio of 23.19, a PEG ratio of 1.03 and a beta of 1.83. The company has a 50-day moving average of $183.17 and a 200-day moving average of $153.79. 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 1-year low of $107.25 and a 1-year high of $192.34.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the transaction, the insider now directly 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 transaction 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 company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the completion of the sale, the director now directly owns 168,505 shares of the company’s stock, valued at $31,198,700.75. The trade was a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,951 shares of company stock worth $5,045,310 over the last quarter. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its position in shares of Expedia Group by 2.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company’s stock valued at $441,000 after acquiring an additional 62 shares during the last quarter. Empirical Finance LLC lifted its holdings in shares of Expedia Group by 1.3% during the third quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company’s stock valued at $704,000 after purchasing an additional 63 shares during the last quarter. Venture Visionary Partners LLC increased its stake in Expedia Group by 0.6% in the 3rd quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock worth $1,683,000 after purchasing an additional 64 shares in the last quarter. GHE LLC raised its holdings in Expedia Group by 1.0% during the 3rd quarter. GHE LLC now owns 6,689 shares of the online travel company’s stock worth $980,000 after buying an additional 69 shares during the period. Finally, Orion Capital Management LLC lifted its stake in Expedia Group by 4.3% during the third quarter. Orion Capital Management LLC now owns 2,445 shares of the online travel company’s stock valued at $362,000 after buying an additional 100 shares in the last quarter. 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.