Expedia Group (NASDAQ:EXPE) Rating Increased to Buy at Melius

Melius upgraded shares of Expedia Group (NASDAQ:EXPE - Free Report) from a hold rating to a buy rating in a research note issued to investors on Monday morning, Marketbeat Ratings reports. They currently have $220.00 target price on the online travel company's stock.

EXPE has been the subject of several other research reports. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $130.00 price target on shares of Expedia Group in a research note on Monday, October 7th. Susquehanna lifted 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. Robert W. Baird began coverage on Expedia Group in a research report on Wednesday, November 27th. They set an "outperform" rating and a $225.00 price target on the stock. Bank of America upgraded Expedia Group from a "neutral" rating to a "buy" rating and raised their price target for the company from $187.00 to $221.00 in a research note on Wednesday, December 18th. Finally, Benchmark upped their price objective on shares of Expedia Group from $180.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Twenty investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Expedia Group currently has a consensus rating of "Hold" and a consensus target price of $171.63.

Expedia Group Trading Down 0.6 %

EXPE traded down $1.10 on Monday, reaching $184.99. 1,346,383 shares of the company traded hands, compared to its average volume of 1,056,028. The company has a market cap of $23.74 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 1.07 and a beta of 1.83. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. Expedia Group has a one year low of $107.25 and a one year high of $192.34. The firm has a fifty day simple moving average of $180.79 and a two-hundred day simple moving average of $152.05.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 7,000 shares of the firm's 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 transaction, the chief accounting officer now owns 11,187 shares of the company's stock, valued at $2,035,922.13. This trade represents a 38.49 % decrease in their ownership of the stock. 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 the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the transaction, the director now owns 168,505 shares of the company's stock, valued at $31,198,700.75. This represents a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,951 shares of company stock valued at $5,045,310 in the last ninety days. Company insiders own 6.80% of the company's stock.

Hedge Funds Weigh In On Expedia Group

Institutional investors have recently modified their holdings of the stock. Venturi Wealth Management LLC raised its position in Expedia Group by 709.8% during the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company's stock valued at $49,000 after acquiring an additional 291 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Expedia Group during the 3rd quarter worth approximately $51,000. Strategic Financial Concepts LLC purchased a new position in shares of Expedia Group during the 2nd quarter valued at approximately $65,000. Future Financial Wealth Managment LLC acquired a new position in shares of Expedia Group in the 3rd quarter valued at $74,000. Finally, Versant Capital Management Inc boosted its holdings in Expedia Group by 299.3% during the fourth quarter. Versant Capital Management Inc now owns 559 shares of the online travel company's stock worth $104,000 after buying an additional 419 shares in 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.