Expedia Group (NASDAQ:EXPE) Price Target Raised to $236.00

Expedia Group (NASDAQ:EXPE - Free Report) had its target price boosted by The Goldman Sachs Group from $208.00 to $236.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the online travel company's stock.

Other analysts have also recently issued reports about the company. BTIG Research lifted their price target on Expedia Group from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Susquehanna upped their target price on Expedia Group from $145.00 to $190.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. Wells Fargo & Company upped their target price on Expedia Group from $130.00 to $159.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. DA Davidson lifted their price target on shares of Expedia Group from $135.00 to $190.00 and gave the company a "neutral" rating in a report on Monday, November 18th. Finally, StockNews.com raised Expedia Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, December 14th. Twenty equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Expedia Group has an average rating of "Hold" and a consensus target price of $175.00.

Expedia Group Stock Performance

Shares of EXPE stock traded down $2.42 during midday trading on Friday, hitting $180.20. 1,488,577 shares of the company were exchanged, compared to its average volume of 1,127,113. The firm 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 1.84. 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 52 week low of $107.25 and a 52 week high of $192.34. The firm's 50 day moving average price is $182.76 and its two-hundred day moving average price is $153.27.

Insider Activity

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the sale, 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 document filed with the SEC, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total value of $1,851,500.00. Following the completion of the transaction, the director now owns 168,505 shares in the company, valued at approximately $31,198,700.75. This represents a 5.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,951 shares of company stock worth $5,045,310 in the last three months. Corporate insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On Expedia Group

Institutional investors have recently bought and sold shares of the stock. Windacre Partnership LLC grew its position in shares of Expedia Group by 49.5% in the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company's stock worth $639,994,000 after buying an additional 1,431,500 shares during the last quarter. Pacer Advisors Inc. increased its position in Expedia Group by 36.8% during the 2nd 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 raised its holdings in Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company's stock worth $233,349,000 after purchasing an additional 498,934 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Expedia Group by 1,649.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company's stock worth $51,354,000 after purchasing an additional 384,305 shares during the period. Finally, Marshall Wace LLP purchased a new position in Expedia Group during the 2nd quarter valued at about $39,183,000. 90.76% of the stock is currently 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.