Expedia Group (NASDAQ:EXPE) Upgraded by Melius Research to Strong-Buy Rating

Melius Research upgraded shares of Expedia Group (NASDAQ:EXPE) from a hold rating to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

Other research analysts also recently issued reports about the company. Robert W. Baird began coverage on Expedia Group in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $225.00 price objective on the stock. TD Cowen lowered Expedia Group from a “buy” rating to a “hold” rating and boosted their price target for the company from $130.00 to $150.00 in a research note on Wednesday, September 25th. Baird R W raised shares of Expedia Group to a “strong-buy” rating in a research report on Wednesday, November 27th. UBS Group lifted their price objective on shares of Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 14th. Twenty research analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $171.63.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $184.99 on Monday. The company has a market capitalization of $23.74 billion, a PE ratio of 23.81, a P/E/G 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 twelve month low of $107.25 and a twelve month high of $192.34. The firm has a fifty day simple moving average of $181.33 and a 200 day simple moving average of $152.47.

Insider Transactions at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the transaction, the insider now owns 85,250 shares of the company’s stock, valued at $15,345,000. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,951 shares of company stock worth $5,045,310 in the last ninety days. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Windacre Partnership LLC raised 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 acquiring an additional 1,431,500 shares during the period. Pacer Advisors Inc. grew its position 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 valued at $334,403,000 after purchasing an additional 714,229 shares in the last quarter. Alkeon Capital Management LLC raised its stake in shares of Expedia Group by 46.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after purchasing an additional 498,934 shares during the period. Point72 Asset Management L.P. lifted its holdings in Expedia Group by 1,649.4% during 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 in the last quarter. Finally, Marshall Wace LLP bought a new position in Expedia Group in the 2nd quarter worth about $39,183,000. Institutional investors own 90.76% of the company’s stock.

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.