Expedia Group (NASDAQ:EXPE) Given New $190.00 Price Target at DA Davidson

Expedia Group (NASDAQ:EXPE) had its price objective hoisted by DA Davidson from $135.00 to $190.00 in a research note released on Monday,Benzinga reports. DA Davidson currently has a neutral rating on the online travel company’s stock.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada restated a “sector perform” rating and set a $140.00 price target on shares of Expedia Group in a report on Friday, August 9th. Bank of America raised their target price on shares of Expedia Group from $144.00 to $166.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $130.00 target price on shares of Expedia Group in a research note on Monday, October 7th. Oppenheimer raised their target price on shares of Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Wedbush raised their target price on shares of Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Nineteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Expedia Group has an average rating of “Hold” and a consensus price target of $164.88.

Expedia Group Stock Down 0.5 %

Expedia Group stock opened at $180.40 on Monday. The company has a market capitalization of $23.48 billion, a P/E ratio of 23.22, a P/E/G ratio of 0.71 and a beta of 1.78. The firm’s fifty day simple moving average is $155.40 and its 200-day simple moving average is $135.40. The company has a current ratio of 0.73, a quick ratio of 0.76 and a debt-to-equity ratio of 2.03. Expedia Group has a 1-year low of $107.25 and a 1-year high of $190.40.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This trade represents a 38.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the transaction, the director now directly owns 198,505 shares of the company’s stock, valued at $29,811,480.90. This represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 37,000 shares of company stock valued at $5,846,530. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several institutional investors have recently added to or reduced their stakes in EXPE. Windacre Partnership LLC lifted its holdings in 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 purchasing an additional 1,431,500 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after acquiring an additional 714,229 shares during the last quarter. Alkeon Capital Management LLC raised its stake in shares of Expedia Group by 46.3% in the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after acquiring an additional 498,934 shares during the last quarter. 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 acquiring an additional 384,305 shares during the last quarter. Finally, AustralianSuper Pty Ltd raised its stake in shares of Expedia Group by 88.8% in the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after acquiring an additional 354,389 shares during the last quarter. 90.76% of the stock is 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.