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

Expedia Group (NASDAQ:EXPE) had its target price lifted by Barclays from $153.00 to $166.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the online travel company’s stock. Barclays‘s price target points to a potential downside of 7.88% from the company’s previous close.

Several other brokerages have also recently issued reports on EXPE. DA Davidson raised their target price on shares of Expedia Group from $135.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Bank of America raised shares of Expedia Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $187.00 to $221.00 in a report on Wednesday, December 18th. Wedbush raised their price target on shares of Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lowered shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Twenty research analysts have rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Expedia Group presently has an average rating of “Hold” and an average target price of $175.46.

Expedia Group Trading Down 1.3 %

NASDAQ EXPE opened at $180.20 on Monday. The company has a fifty day simple moving average of $183.17 and a two-hundred day simple moving average of $153.98. The stock has a market cap of $23.13 billion, a P/E ratio of 23.19, a P/E/G ratio of 1.03 and a beta of 1.83. Expedia Group has a 12-month low of $107.25 and a 12-month high of $192.34. 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 Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now directly 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 legal filing with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction dated Thursday, November 21st. The stock was 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 in the company, valued at approximately $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 have sold a total of 28,951 shares of company stock worth $5,045,310 in the last three months. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

Hedge funds have recently made changes to their positions in the stock. Caprock Group LLC grew its position in shares of Expedia Group by 33.7% during the third quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock worth $1,508,000 after buying an additional 2,569 shares in the last quarter. Cozad Asset Management Inc. grew its position in shares of Expedia Group by 16.9% during the third quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock worth $4,562,000 after buying an additional 4,449 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Expedia Group by 13.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock worth $96,171,000 after buying an additional 75,120 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in shares of Expedia Group during the third quarter worth approximately $527,000. Finally, DoubleLine ETF Adviser LP acquired a new position in Expedia Group in the second quarter worth $465,000. 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.