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

Expedia Group (NASDAQ:EXPE) had its target price upped by DA Davidson from $135.00 to $190.00 in a report issued on Monday morning,Benzinga reports. DA Davidson currently has a neutral rating on the online travel company’s stock.

Other analysts also recently issued research reports about the company. TD Cowen downgraded Expedia Group from a “buy” rating to a “hold” rating and lifted their target price for the company from $130.00 to $150.00 in a research report on Wednesday, September 25th. Citigroup lifted their target price on Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. UBS Group lifted their price target on Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $130.00 price target on shares of Expedia Group in a report on Monday, October 7th. Finally, Wedbush lifted their price target on Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Nineteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $164.88.

Expedia Group Price Performance

NASDAQ:EXPE opened at $183.51 on Monday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The stock’s 50-day simple moving average is $158.33 and its 200 day simple moving average is $136.47. The company has a market cap of $23.55 billion, a P/E ratio of 23.62, a P/E/G ratio of 0.69 and a beta of 1.78. Expedia Group has a 52-week low of $107.25 and a 52-week high of $190.40.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the sale, the director now owns 208,505 shares of the company’s stock, valued at approximately $31,319,536.05. This trade represents a 4.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,000 shares of company stock valued at $5,846,530. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

Several hedge funds have recently modified their holdings of the company. Windacre Partnership LLC boosted its holdings in shares of 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 in the last quarter. Pacer Advisors Inc. grew its stake in shares of Expedia Group by 22.5% in the third quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock worth $481,170,000 after purchasing an additional 596,510 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Expedia Group by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock worth $472,212,000 after purchasing an additional 20,005 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Expedia Group by 9.4% in the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after purchasing an additional 144,579 shares during the last quarter. Finally, Alkeon Capital Management LLC grew its stake in shares of Expedia Group by 46.3% in the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after purchasing an additional 498,934 shares during the last quarter. Institutional investors and hedge funds 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.