Argus Forecasts Strong Price Appreciation for Expedia Group (NASDAQ:EXPE) Stock

Expedia Group (NASDAQ:EXPE - Get Free Report) had its price target hoisted by research analysts at Argus from $210.00 to $220.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the online travel company's stock. Argus' price target points to a potential upside of 22.09% from the company's previous close.

Other equities analysts have also issued research reports about the company. DA Davidson upped their price target on Expedia Group from $135.00 to $190.00 and gave the company a "neutral" rating in a research note on Monday, November 18th. UBS Group increased their target price on shares of Expedia Group from $137.00 to $156.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on shares of Expedia Group from $135.00 to $170.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Oppenheimer increased their price objective on shares of Expedia Group from $155.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, TD Cowen lowered Expedia Group from a "buy" rating to a "hold" rating and boosted their target price for the company from $130.00 to $150.00 in a research report on Wednesday, September 25th. Twenty investment analysts have rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $175.00.

Expedia Group Trading Down 1.3 %

Shares of EXPE stock traded down $2.42 during trading on Friday, hitting $180.20. 1,488,587 shares of the stock traded hands, compared to its average volume of 1,127,113. Expedia Group has a 52-week low of $107.25 and a 52-week high of $192.34. The firm has a market capitalization of $23.13 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.03 and a beta of 1.84. The firm's fifty day moving average price is $183.17 and its 200-day moving average price is $153.63. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73.

Insiders Place Their Bets

In related news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction on 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 sale, the chief accounting officer now owns 11,187 shares in the company, valued at $2,035,922.13. This represents a 38.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Friday, November 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the completion of the transaction, the director now owns 188,505 shares in the company, valued at approximately $29,570,779.35. This represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,951 shares of company stock valued at $5,045,310. 6.80% of the stock is currently owned by insiders.

Institutional Trading of Expedia Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXPE. Ballentine Partners LLC acquired a new stake in shares of Expedia Group during the second quarter worth $204,000. Daiwa Securities Group Inc. boosted its holdings in shares of Expedia Group by 3.8% in the second quarter. Daiwa Securities Group Inc. now owns 16,048 shares of the online travel company's stock valued at $2,022,000 after acquiring an additional 594 shares in the last quarter. Achmea Investment Management B.V. increased its stake in shares of Expedia Group by 4.2% during the second quarter. Achmea Investment Management B.V. now owns 66,693 shares of the online travel company's stock worth $8,403,000 after acquiring an additional 2,679 shares during the period. Equity Investment Corp raised its holdings in Expedia Group by 19.6% during the second quarter. Equity Investment Corp now owns 567,970 shares of the online travel company's stock worth $71,558,000 after purchasing an additional 93,184 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in Expedia Group by 32.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 17,281 shares of the online travel company's stock valued at $2,177,000 after purchasing an additional 4,244 shares during the period. 90.76% of the stock is owned by hedge funds and other 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.