Expedia Group (NASDAQ:EXPE) Given New $236.00 Price Target at The Goldman Sachs Group

Expedia Group (NASDAQ:EXPE) had its price target increased by equities researchers at The Goldman Sachs Group from $208.00 to $236.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the online travel company’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 30.66% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Morgan Stanley increased their target price on shares of Expedia Group from $150.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. Baird R W raised shares of Expedia Group to a “strong-buy” rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft downgraded shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Argus raised their price objective on shares of Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Melius Research raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. Twenty analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $175.00.

Expedia Group Trading Down 1.1 %

NASDAQ EXPE traded down $2.00 during trading hours on Friday, reaching $180.62. The company’s stock had a trading volume of 298,708 shares, compared to its average volume of 921,786. The stock has a market cap of $23.18 billion, a P/E ratio of 23.25, a P/E/G ratio of 1.03 and a beta of 1.84. The firm has a fifty day simple moving average of $182.76 and a 200-day simple moving average of $153.27. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group has a 52 week low of $107.25 and a 52 week high of $192.34.

Insider Buying and Selling

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the transaction, the chief accounting officer now directly owns 11,187 shares in the company, valued at $2,035,922.13. This trade represents a 38.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the sale, the insider now directly owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. This trade represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,951 shares of company stock worth $5,045,310. Insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

A number of institutional investors have recently made changes to their positions in the stock. Windacre Partnership LLC lifted its stake in Expedia Group by 49.5% in the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after acquiring an additional 1,431,500 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Expedia Group by 36.8% during 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 acquiring an additional 714,229 shares in the last quarter. Alkeon Capital Management LLC increased its holdings in Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after buying an additional 498,934 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Expedia Group by 1,649.4% in 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 in the last quarter. Finally, Marshall Wace LLP bought a new stake in Expedia Group in the 2nd quarter worth about $39,183,000. Hedge funds and other institutional investors 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.