Expedia Group (NASDAQ:EXPE) Upgraded by Baird R W to “Strong-Buy” Rating

Baird R W upgraded shares of Expedia Group (NASDAQ:EXPE) to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

EXPE has been the topic of a number of other research reports. Robert W. Baird started coverage on Expedia Group in a research note on Wednesday. They set an “outperform” rating and a $225.00 target price on the stock. Benchmark increased their price objective on Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Bank of America boosted their target price on shares of Expedia Group from $144.00 to $166.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Citigroup raised their price target on shares of Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Finally, BTIG Research boosted their price objective on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Twenty investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $167.67.

Expedia Group Stock Down 0.7 %

Shares of EXPE opened at $184.92 on Wednesday. The firm has a market cap of $23.73 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 0.72 and a beta of 1.78. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group has a 52 week low of $107.25 and a 52 week high of $190.40. The firm’s 50-day simple moving average is $162.14 and its 200 day simple moving average is $138.64.

Insider Buying and Selling

In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the sale, the director now directly owns 198,505 shares in the company, valued at $29,811,480.90. This trade represents a 4.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the transaction, the insider now owns 85,250 shares of the company’s stock, valued at approximately $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. Insiders have sold 38,951 shares of company stock worth $6,197,710 in the last 90 days. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds have recently modified their holdings of EXPE. Caprock Group LLC raised its position in Expedia Group by 33.7% during the 3rd quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock worth $1,508,000 after purchasing an additional 2,569 shares during the last quarter. Cozad Asset Management Inc. increased its stake in shares of Expedia Group by 16.9% in the third quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock valued at $4,562,000 after buying an additional 4,449 shares during the period. Robeco Institutional Asset Management B.V. raised 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 acquiring an additional 75,120 shares during the last quarter. DoubleLine ETF Adviser LP acquired a new position in shares of Expedia Group in the second quarter worth approximately $465,000. Finally, Swedbank AB boosted its holdings in Expedia Group by 5.0% in the second quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock valued at $21,302,000 after acquiring an additional 8,026 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.