Expedia Group (NASDAQ:EXPE) Stock Rating Upgraded by Bank of America

Expedia Group (NASDAQ:EXPE) was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating in a report released on Wednesday, MarketBeat Ratings reports. The firm currently has a $221.00 target price on the online travel company’s stock, up from their prior target price of $187.00. Bank of America‘s price objective would indicate a potential upside of 23.18% from the company’s current price.

EXPE has been the subject of several other research reports. DA Davidson boosted their price target on shares of Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Oppenheimer boosted their price objective on shares of Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a research report on Monday, October 7th. Truist Financial initiated coverage on Expedia Group in a report on Friday, September 6th. They issued a “hold” rating and a $148.00 price target on the stock. Finally, JMP Securities restated a “market perform” rating on shares of Expedia Group in a research note on Monday. Twenty equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $169.70.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $179.41 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The stock’s fifty day moving average price is $174.04 and its 200-day moving average price is $146.60. The firm has a market cap of $23.03 billion, a P/E ratio of 23.09, a P/E/G ratio of 1.07 and a beta of 1.84. Expedia Group has a 12 month low of $107.25 and a 12 month high of $192.34.

Insider Buying and Selling at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the completion of the transaction, the director now directly owns 198,505 shares in the company, valued at $29,811,480.90. The trade was a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the sale, the insider now directly owns 85,250 shares in the company, valued at $15,345,000. This trade represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,951 shares of company stock valued at $6,197,710. 6.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EXPE. Windacre Partnership LLC increased its stake in shares of Expedia Group by 49.5% in 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 purchasing an additional 1,431,500 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after purchasing an additional 714,229 shares during the period. Alkeon Capital Management LLC increased its position 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 valued at $233,349,000 after buying an additional 498,934 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Expedia Group by 1,649.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after buying an additional 384,305 shares during the period. Finally, AustralianSuper Pty Ltd lifted its position in shares of Expedia Group by 88.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock valued at $94,903,000 after buying an additional 354,389 shares in the last quarter. 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.