Expedia Group (NASDAQ:EXPE) Stock Rating Upgraded by Baird R W

Expedia Group (NASDAQ:EXPE) was upgraded by equities researchers at Baird R W to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research firms have also issued reports on EXPE. BTIG Research upped their target price 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. StockNews.com lowered shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 9th. Piper Sandler reiterated a “neutral” rating and issued a $140.00 target price (down previously from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Barclays upped their target price on shares of Expedia Group from $134.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Finally, TD Cowen lowered shares of Expedia Group from a “buy” rating to a “hold” rating and upped their target price for the stock from $130.00 to $150.00 in a research note on Wednesday, September 25th. Twenty equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and an average target price of $167.67.

Expedia Group Stock Performance

NASDAQ EXPE opened at $184.92 on Wednesday. Expedia Group has a 1 year low of $107.25 and a 1 year high of $190.40. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market cap of $23.73 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 0.72 and a beta of 1.78. The company has a fifty day moving average price of $162.14 and a 200-day moving average price of $138.64.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s 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 sale, the director now directly owns 198,505 shares in the company, valued at $29,811,480.90. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $15,345,000. This represents 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 worth $6,197,710 over the last ninety days. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Optimist Retirement Group LLC bought a new position in shares of Expedia Group in the third quarter worth approximately $246,000. Wilmington Savings Fund Society FSB bought a new position in shares of Expedia Group in the third quarter worth approximately $2,958,000. Sanctuary Advisors LLC increased its position in shares of Expedia Group by 6.8% in the third quarter. Sanctuary Advisors LLC now owns 9,124 shares of the online travel company’s stock worth $1,351,000 after purchasing an additional 584 shares during the last quarter. Stock Yards Bank & Trust Co. increased its position in shares of Expedia Group by 16.3% in the third quarter. Stock Yards Bank & Trust Co. now owns 216,685 shares of the online travel company’s stock worth $32,074,000 after purchasing an additional 30,396 shares during the last quarter. Finally, M&T Bank Corp increased its position in shares of Expedia Group by 0.3% in the third quarter. M&T Bank Corp now owns 82,626 shares of the online travel company’s stock worth $12,230,000 after purchasing an additional 249 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

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.