Expedia Group (NASDAQ:EXPE) Upgraded at Bank of America

Expedia Group (NASDAQ:EXPE) was upgraded by investment analysts at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, MarketBeat.com reports. The firm presently has a $221.00 target price on the online travel company’s stock, up from their previous target price of $187.00. Bank of America‘s target price points to a potential upside of 23.18% from the stock’s current price.

EXPE has been the subject of several other reports. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 14th. UBS Group increased their target price on shares of Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Truist Financial assumed coverage on shares of Expedia Group in a research report on Friday, September 6th. They set a “hold” rating and a $148.00 price target on the stock. Jefferies Financial Group upped their price objective on shares of Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Robert W. Baird began coverage on shares of Expedia Group in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $225.00 target price on the stock. Twenty research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $169.70.

Expedia Group Price Performance

NASDAQ:EXPE opened at $179.41 on Wednesday. The stock has a 50 day moving average of $174.04 and a two-hundred day moving average of $146.60. Expedia Group has a 12 month low of $107.25 and a 12 month high of $192.34. The firm has a market cap of $23.03 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 1.07 and a beta of 1.84. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insiders Place Their Bets

In related news, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction on 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 approximately $2,035,922.13. This trade represents a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was 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 trade represents a 2.24 % decrease in their position. 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 ninety days. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. increased its stake in shares of Expedia Group by 2.1% during the third quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company’s stock worth $441,000 after buying an additional 62 shares during the period. Empirical Finance LLC increased its position in shares of Expedia Group by 1.3% in the 3rd 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 position in shares of 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 valued at $1,683,000 after purchasing an additional 64 shares during the last quarter. GHE LLC raised its holdings in shares of Expedia Group by 1.0% in the 3rd quarter. GHE LLC now owns 6,689 shares of the online travel company’s stock valued at $980,000 after purchasing an additional 69 shares in the last quarter. Finally, AdvisorShares Investments LLC lifted its position in shares of Expedia Group by 7.1% during the 2nd quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company’s stock worth $186,000 after purchasing an additional 100 shares during the last quarter. 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.