Expedia Group (NASDAQ:EXPE) Shares Gap Up – Here’s What Happened

Expedia Group, Inc. (NASDAQ:EXPE)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $180.64, but opened at $187.09. Expedia Group shares last traded at $184.84, with a volume of 267,000 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EXPE. Truist Financial assumed coverage on Expedia Group in a research report on Friday, September 6th. They issued a “hold” rating and a $148.00 price objective for the company. Baird R W raised Expedia Group to a “strong-buy” rating in a research report on Wednesday, November 27th. TD Cowen cut Expedia Group from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $130.00 to $150.00 in a research report on Wednesday, September 25th. Susquehanna boosted their target price on shares of Expedia Group from $145.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $130.00 price target on shares of Expedia Group in a report on Monday, October 7th. Twenty investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Expedia Group has an average rating of “Hold” and a consensus target price of $169.70.

Expedia Group Price Performance

The stock has a 50 day moving average of $173.00 and a 200-day moving average of $146.16. The stock has a market capitalization of $23.76 billion, a P/E ratio of 23.25, 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.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the transaction, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,951 shares of company stock worth $6,197,710 in the last 90 days. Insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

A number of institutional investors have recently bought and sold shares of the business. Innealta Capital LLC acquired a new position in Expedia Group during the second quarter worth about $27,000. Blue Trust Inc. raised its holdings in shares of Expedia Group by 93.8% in the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after purchasing an additional 105 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Expedia Group by 709.8% in the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after acquiring an additional 291 shares during the period. Brooklyn Investment Group purchased a new position in Expedia Group during the third quarter worth about $51,000. Finally, Strategic Financial Concepts LLC bought a new stake in Expedia Group in the 2nd quarter worth approximately $65,000. Institutional investors and hedge funds 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.