Expedia Group (NASDAQ:EXPE) Price Target Raised to $136.00

Expedia Group (NASDAQ:EXPEFree Report) had its target price increased by JPMorgan Chase & Co. from $115.00 to $136.00 in a report published on Friday morning, Benzinga reports. They currently have a neutral rating on the online travel company’s stock.

Other equities research analysts have also recently issued reports about the company. Piper Sandler lifted their price objective on Expedia Group from $119.00 to $135.00 and gave the company an overweight rating in a research note on Friday, November 3rd. Morgan Stanley lifted their price objective on Expedia Group from $130.00 to $135.00 and gave the company an equal weight rating in a research note on Tuesday, November 14th. Wells Fargo & Company lowered their target price on Expedia Group from $159.00 to $155.00 and set an equal weight rating for the company in a research note on Friday. Oppenheimer reaffirmed an outperform rating and set a $175.00 price objective on shares of Expedia Group in a research report on Monday, February 5th. Finally, Benchmark upped their price objective on Expedia Group from $160.00 to $180.00 and gave the stock a buy rating in a research report on Tuesday, February 6th. Fourteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Expedia Group presently has an average rating of Hold and a consensus target price of $149.29.

Get Our Latest Stock Analysis on Expedia Group

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $131.11 on Friday. Expedia Group has a one year low of $87.94 and a one year high of $160.05. The company has a market cap of $18.20 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 0.39 and a beta of 1.90. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.80 and a current ratio of 0.80. The business’s 50 day moving average price is $148.98 and its 200 day moving average price is $123.76.

Expedia Group declared that its board has authorized a stock repurchase program on Thursday, November 2nd that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the online travel company to repurchase up to 30.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 70,000 shares of Expedia Group stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $134.50, for a total transaction of $9,415,000.00. Following the transaction, the insider now directly owns 72,266 shares in the company, valued at approximately $9,719,777. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 70,000 shares of Expedia Group stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $134.50, for a total transaction of $9,415,000.00. Following the transaction, the insider now directly owns 72,266 shares in the company, valued at approximately $9,719,777. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Lance A. Soliday sold 477 shares of Expedia Group stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $136.53, for a total transaction of $65,124.81. Following the transaction, the chief accounting officer now owns 9,931 shares in the company, valued at $1,355,879.43. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,477 shares of company stock worth $13,989,925. Corporate insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Expedia Group by 788.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 77,140 shares of the online travel company’s stock valued at $8,438,000 after acquiring an additional 68,461 shares in the last quarter. Hudson Bay Capital Management LP grew its holdings in shares of Expedia Group by 2,113.8% during the 2nd quarter. Hudson Bay Capital Management LP now owns 166,035 shares of the online travel company’s stock valued at $18,163,000 after acquiring an additional 158,535 shares in the last quarter. Citizens Business Bank purchased a new position in shares of Expedia Group during the 3rd quarter valued at $3,275,000. Foyston Gordon & Payne Inc purchased a new position in shares of Expedia Group during the 3rd quarter valued at $2,260,000. Finally, Leith Wheeler Investment Counsel Ltd. grew its holdings in shares of Expedia Group by 61.9% during the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 57,460 shares of the online travel company’s stock valued at $5,922,000 after acquiring an additional 21,970 shares in the last quarter. 91.15% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Company Profile

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Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz; Travelocity; Wotif Group; CheapTickets; ebookers; Expedia; Hotwire; CarRentals.com; Classic Vacations; and Expedia Cruise.

See Also

Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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