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

Research analysts at Robert W. Baird started coverage on shares of Expedia Group (NASDAQ:EXPE) in a research note issued on Wednesday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating and a $225.00 price target on the online travel company’s stock. Robert W. Baird’s price objective suggests a potential upside of 20.79% from the company’s previous close.

EXPE has been the subject of several other reports. Jefferies Financial Group boosted their target price on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Susquehanna upped their target price on shares of Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. StockNews.com lowered Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. DA Davidson increased their price target on shares of Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $140.00 target price (down from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Twenty research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $167.67.

Expedia Group Stock Up 1.2 %

Shares of NASDAQ:EXPE opened at $186.28 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 $190.40. The business’s 50 day simple moving average is $161.24 and its two-hundred day simple moving average is $138.31. The firm has a market cap of $23.91 billion, a P/E ratio of 23.97, a PEG ratio of 0.72 and a beta of 1.78.

Insider Buying and Selling

In other news, CAO Lance A. Soliday sold 7,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the completion of the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 85,250 shares in the company, 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 have sold 38,951 shares of company stock worth $6,197,710. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Optimist Retirement Group LLC bought a new stake in shares of Expedia Group during the 3rd quarter worth $246,000. Wilmington Savings Fund Society FSB bought a new stake in Expedia Group during the third quarter worth about $2,958,000. Sanctuary Advisors LLC lifted its stake in Expedia Group by 6.8% during the third quarter. Sanctuary Advisors LLC now owns 9,124 shares of the online travel company’s stock worth $1,351,000 after purchasing an additional 584 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its holdings in shares of Expedia Group by 16.3% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 216,685 shares of the online travel company’s stock worth $32,074,000 after purchasing an additional 30,396 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Expedia Group by 0.3% during the 3rd quarter. M&T Bank Corp now owns 82,626 shares of the online travel company’s stock valued at $12,230,000 after purchasing an additional 249 shares during the last quarter. Hedge funds and other institutional investors 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.