Expedia Group, Inc. (NASDAQ:EXPE) Receives $167.67 Consensus Target Price from Brokerages

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have been given an average rating of “Hold” by the twenty-nine brokerages that are currently covering the company, Marketbeat.com reports. Twenty research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $167.67.

EXPE has been the subject of several research analyst reports. StockNews.com raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 5th. BTIG Research lifted their price objective on Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 8th. DA Davidson increased their target price on Expedia Group from $135.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Benchmark raised their target price on Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Morgan Stanley upped their price target on Expedia Group from $150.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $188.41 on Wednesday. The company has a market cap of $24.18 billion, a PE ratio of 24.25, a P/E/G ratio of 0.75 and a beta of 1.84. The business has a 50 day moving average of $168.71 and a 200 day moving average of $143.02. Expedia Group has a 52 week low of $107.25 and a 52 week high of $192.34. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insider Activity

In related news, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $181.99, for a total value of $1,273,930.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,187 shares in the company, valued at $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,951 shares of company stock valued at $6,197,710 over the last three months. Insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPE. Windacre Partnership LLC grew its position in shares of Expedia Group by 49.5% during the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after acquiring an additional 1,431,500 shares during the period. Pacer Advisors Inc. grew its holdings in 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 valued at $334,403,000 after purchasing an additional 714,229 shares during the period. Alkeon Capital Management LLC grew its holdings in Expedia Group by 46.3% during the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after purchasing an additional 498,934 shares during the period. Point72 Asset Management L.P. raised its stake in shares of Expedia Group by 1,649.4% in the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after buying an additional 384,305 shares during the period. Finally, AustralianSuper Pty Ltd lifted its position in shares of Expedia Group by 88.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock valued at $94,903,000 after buying an additional 354,389 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other 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.