Expedia Group (NASDAQ:EXPE) Given New $236.00 Price Target at The Goldman Sachs Group

Expedia Group (NASDAQ:EXPE) had its price target hoisted by investment analysts at The Goldman Sachs Group from $208.00 to $236.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the online travel company’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 30.66% from the stock’s current price.

Several other equities research analysts have also commented on the company. Melius upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price objective for the company in a research note on Monday. TD Cowen downgraded Expedia Group from a “buy” rating to a “hold” rating and raised their price objective for the stock from $130.00 to $150.00 in a research note on Wednesday, September 25th. JPMorgan Chase & Co. raised their price objective on Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. DA Davidson raised their price objective on Expedia Group from $135.00 to $190.00 and gave the stock a “neutral” rating in a research note 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 investment analysts have rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $175.00.

Expedia Group Stock Performance

Shares of EXPE traded down $2.00 on Friday, reaching $180.62. The company’s stock had a trading volume of 298,708 shares, compared to its average volume of 921,786. Expedia Group has a 12-month low of $107.25 and a 12-month high of $192.34. The stock has a market capitalization of $23.18 billion, a P/E ratio of 23.25, a PEG ratio of 1.03 and a beta of 1.84. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The stock’s 50 day simple moving average is $182.76 and its two-hundred day simple moving average is $153.27.

Insider Buying and Selling at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the completion of the transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction that occurred 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,951 shares of company stock valued at $5,045,310 over the last quarter. 6.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC boosted its position in shares of Expedia Group by 709.8% during the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after buying an additional 291 shares during the period. Brooklyn Investment Group purchased a new position in shares of Expedia Group during the third quarter worth $51,000. Future Financial Wealth Managment LLC purchased a new position in shares of Expedia Group during the third quarter worth $74,000. Versant Capital Management Inc boosted its position in shares of 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 during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Expedia Group during the third quarter worth $118,000. 90.76% of the stock is currently 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.