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

Bank of America upgraded shares of Expedia Group (NASDAQ:EXPE) from a neutral rating to a buy rating in a research report released on Wednesday morning, Marketbeat reports. Bank of America currently has $221.00 target price on the online travel company’s stock, up from their previous target price of $187.00.

Several other equities analysts have also commented on EXPE. Robert W. Baird assumed coverage on shares of Expedia Group in a report on Wednesday, November 27th. They issued an “outperform” rating and a $225.00 target price on the stock. BTIG Research increased their price target on shares of Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Morgan Stanley boosted their price objective 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. StockNews.com upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 14th. Finally, Benchmark raised their target price on Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Twenty equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $169.70.

Expedia Group Stock Performance

EXPE opened at $176.23 on Wednesday. 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 $192.34. The firm has a market cap of $22.62 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.07 and a beta of 1.84. The business’s fifty day moving average is $173.47 and its 200-day moving average is $146.37.

Insider Activity

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction 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 owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,951 shares of company stock valued at $6,197,710. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. grew its stake in Expedia Group by 8.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,327 shares of the online travel company’s stock valued at $545,000 after acquiring an additional 339 shares during the period. Blue Trust Inc. grew its position in 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 purchasing an additional 105 shares during the period. 1620 Investment Advisors Inc. bought a new stake in Expedia Group during the 2nd quarter valued at $109,000. Banque Pictet & Cie SA raised its holdings in Expedia Group by 23.3% during the second quarter. Banque Pictet & Cie SA now owns 74,402 shares of the online travel company’s stock worth $9,374,000 after buying an additional 14,038 shares during the last quarter. Finally, Institute for Wealth Management LLC. bought a new position in shares of Expedia Group in the second quarter valued at $274,000. 90.76% of the stock is owned by 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.