Expedia Group (NASDAQ:EXPE)‘s stock had its “outperform” rating restated by research analysts at Royal Bank of Canada in a note issued to investors on Friday, The Fly reports. They currently have a $143.00 target price on the online travel company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 15.40% from the stock’s current price.
Several other equities analysts have also recently issued reports on EXPE. Goldman Sachs Group cut shares of Expedia Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $140.00 to $120.00 in a research note on Thursday, January 30th. Piper Jaffray Companies lowered shares of Expedia Group from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $160.00 to $124.00 in a research report on Thursday, November 7th. Wedbush upped their price target on shares of Expedia Group from $117.00 to $121.00 and gave the company a “neutral” rating in a research report on Friday. Mizuho reduced their price target on shares of Expedia Group from $115.00 to $100.00 in a research report on Monday, December 2nd. Finally, JMP Securities lowered shares of Expedia Group from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $138.96.
EXPE traded up $13.33 during midday trading on Friday, hitting $123.92. 7,597,809 shares of the company traded hands, compared to its average volume of 2,094,243. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $15.75 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 1.65 and a beta of 1.01. The company’s 50-day moving average is $109.99 and its 200 day moving average is $120.07. Expedia Group has a 52 week low of $93.53 and a 52 week high of $144.00.
In other news, Vice Chairman Peter M. Kern bought 23,070 shares of Expedia Group stock in a transaction that occurred on Friday, December 6th. The stock was bought at an average cost of $108.80 per share, with a total value of $2,510,016.00. Following the acquisition, the insider now owns 90,907 shares of the company’s stock, valued at approximately $9,890,681.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Samuel H. Altman bought 20,000 shares of Expedia Group stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average cost of $98.83 per share, with a total value of $1,976,600.00. The disclosure for this purchase can be found here. Insiders purchased a total of 45,463 shares of company stock valued at $4,739,508 over the last three months. 2.10% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in EXPE. BlackRock Inc. increased its holdings in Expedia Group by 5.2% in the 2nd quarter. BlackRock Inc. now owns 8,223,670 shares of the online travel company’s stock worth $1,093,995,000 after acquiring an additional 407,604 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in Expedia Group by 16.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 651 shares of the online travel company’s stock worth $88,000 after acquiring an additional 91 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in Expedia Group by 18.5% in the 3rd quarter. Wealthfront Advisers LLC now owns 2,941 shares of the online travel company’s stock worth $395,000 after purchasing an additional 460 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Expedia Group by 37.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,815 shares of the online travel company’s stock worth $1,319,000 after purchasing an additional 2,677 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in Expedia Group by 12.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 18,189 shares of the online travel company’s stock worth $2,445,000 after purchasing an additional 1,947 shares during the period. 93.10% of the stock is owned by institutional investors.
About Expedia Group
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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