Expedia Group (NASDAQ:EXPE) Coverage Initiated at Robert W. Baird

Robert W. Baird assumed coverage on shares of Expedia Group (NASDAQ:EXPE) in a research report report published on Wednesday, MarketBeat reports. The firm issued an outperform rating and a $225.00 price target on the online travel company’s stock.

Several other equities research analysts have also commented on EXPE. Susquehanna raised their price target on shares of Expedia Group from $145.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Wedbush lifted their target price on Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. UBS Group boosted their price target on Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company upped their price objective on shares of Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Twenty investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $167.67.

Expedia Group Stock Down 0.2 %

EXPE stock opened at $184.62 on Wednesday. The stock has a market cap of $23.70 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 0.73 and a beta of 1.78. The firm’s 50-day simple moving average is $163.80 and its 200 day simple moving average is $139.64. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $190.40. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insiders Place Their Bets

In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Friday, October 4th. The stock was sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the transaction, the director now owns 198,505 shares in the company, valued at approximately $29,811,480.90. The trade was a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was 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 of the company’s stock, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,951 shares of company stock worth $6,197,710 over the last ninety days. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXPE. Innealta Capital LLC acquired a new position in Expedia Group in the 2nd quarter worth about $27,000. Blue Trust Inc. grew its stake in shares of Expedia Group by 93.8% in the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after buying an additional 105 shares in the last quarter. LRI Investments LLC acquired a new position in Expedia Group in the first quarter worth approximately $48,000. Venturi Wealth Management LLC raised its position in Expedia Group by 709.8% during the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after acquiring an additional 291 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Expedia Group in the third quarter valued at approximately $51,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

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.