Expedia Group (NASDAQ:EXPE) Given Neutral Rating at Wedbush

Expedia Group (NASDAQ:EXPE)‘s stock had its “neutral” rating reissued by stock analysts at Wedbush in a report released on Friday,RTT News reports. They currently have a $215.00 price objective on the online travel company’s stock, up from their previous price objective of $180.00. Wedbush’s price objective indicates a potential upside of 6.24% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Argus upped their price objective on shares of Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. B. Riley reaffirmed a “buy” rating and set a $235.00 price objective (up previously from $220.00) on shares of Expedia Group in a research report on Friday. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 14th. Bank of America upgraded Expedia Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $187.00 to $221.00 in a report on Wednesday, December 18th. Finally, DA Davidson upped their price target on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday. Nineteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.93.

Expedia Group Trading Up 17.3 %

Shares of NASDAQ:EXPE traded up $29.80 on Friday, hitting $202.37. The company had a trading volume of 9,377,415 shares, compared to its average volume of 2,024,498. The firm’s 50-day simple moving average is $182.07 and its two-hundred day simple moving average is $159.92. The firm has a market capitalization of $25.97 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 0.77 and a beta of 1.82. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. Expedia Group has a 1 year low of $107.25 and a 1 year high of $205.12.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. Equities analysts anticipate that Expedia Group will post 8.76 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total value of $1,851,500.00. Following the transaction, the director now directly owns 168,505 shares of the company’s stock, valued at approximately $31,198,700.75. The trade was a 5.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,951 shares of company stock valued at $5,174,510 in the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Large investors have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in Expedia Group in the 2nd quarter worth approximately $1,159,000. Park Avenue Securities LLC increased its position in Expedia Group by 11.7% in the third quarter. Park Avenue Securities LLC now owns 2,864 shares of the online travel company’s stock worth $424,000 after purchasing an additional 300 shares during the last quarter. Czech National Bank increased its position in Expedia Group by 5.0% in the third quarter. Czech National Bank now owns 25,393 shares of the online travel company’s stock worth $3,759,000 after purchasing an additional 1,202 shares during the last quarter. GAMMA Investing LLC raised its stake in Expedia Group by 54.9% during the third quarter. GAMMA Investing LLC now owns 1,451 shares of the online travel company’s stock valued at $215,000 after purchasing an additional 514 shares in the last quarter. Finally, CWM LLC lifted its position in Expedia Group by 12.1% during the third quarter. CWM LLC now owns 7,865 shares of the online travel company’s stock valued at $1,164,000 after purchasing an additional 849 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

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.