Expedia Group (NASDAQ:EXPE) had its target price increased by investment analysts at Royal Bank of Canada to $163.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm currently has an “outperform” rating on the online travel company’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 35.70% from the stock’s current price.
Several other equities research analysts have also issued reports on the stock. Barclays decreased their price target on shares of Expedia Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday. Zacks Investment Research lowered shares of Expedia Group from a “strong-buy” rating to a “hold” rating in a report on Thursday. Credit Suisse Group decreased their price target on shares of Expedia Group from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday. Deutsche Bank decreased their price target on shares of Expedia Group from $147.00 to $146.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Cowen set a $135.00 price target on shares of Expedia Group and gave the company a “buy” rating in a report on Monday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have issued a buy rating to the company. Expedia Group has an average rating of “Buy” and a consensus price target of $147.91.
EXPE stock traded up $2.55 during mid-day trading on Friday, hitting $120.12. The stock had a trading volume of 234,372 shares, compared to its average volume of 1,952,076. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.67. Expedia Group has a 52 week low of $98.52 and a 52 week high of $148.48. The firm has a market cap of $17.73 billion, a P/E ratio of 32.21, a P/E/G ratio of 1.67 and a beta of 1.34.
In related news, Director Craig A. Jacobson sold 3,500 shares of Expedia Group stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $133.48, for a total transaction of $467,180.00. Following the sale, the director now directly owns 31,764 shares in the company, valued at approximately $4,239,858.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan C. Athey sold 1,547 shares of Expedia Group stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $133.99, for a total transaction of $207,282.53. Following the sale, the director now owns 1,974 shares in the company, valued at $264,496.26. The disclosure for this sale can be found here. 20.96% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. IMA Wealth Inc. acquired a new position in shares of Expedia Group in the 2nd quarter worth approximately $105,000. Dupont Capital Management Corp lifted its position in shares of Expedia Group by 62.8% in the 2nd quarter. Dupont Capital Management Corp now owns 1,410 shares of the online travel company’s stock worth $169,000 after purchasing an additional 544 shares during the period. Buckley Wealth Management LLC acquired a new position in shares of Expedia Group in the 3rd quarter worth approximately $203,000. Hilltop Holdings Inc. acquired a new position in shares of Expedia Group in the 2nd quarter worth approximately $206,000. Finally, Raymond James Trust N.A. acquired a new position in shares of Expedia Group in the 2nd quarter worth approximately $208,000. Institutional investors and hedge funds own 79.16% of the company’s stock.
About Expedia Group
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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