Robert W. Baird Begins Coverage on Expedia Group (NASDAQ:EXPE)

Stock analysts at Robert W. Baird initiated coverage on shares of Expedia Group (NASDAQ:EXPE) in a report 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 target price would suggest a potential upside of 20.79% from the company’s current price.

Several other equities research analysts have also recently weighed in on EXPE. Cantor Fitzgerald restated a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a report on Monday, October 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $140.00 target price on shares of Expedia Group in a report on Friday, August 9th. StockNews.com lowered shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. TD Cowen cut shares of Expedia Group from a “buy” rating to a “hold” rating and increased their price target for the company from $130.00 to $150.00 in a research report on Wednesday, September 25th. Finally, Citigroup boosted their price objective on shares of Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Twenty analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Expedia Group has an average rating of “Hold” and a consensus price target of $167.67.

Expedia Group Stock Performance

Expedia Group stock opened at $186.28 on Wednesday. The firm has a fifty day simple moving average of $161.24 and a two-hundred day simple moving average of $138.31. 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 twelve month low of $107.25 and a twelve month high of $190.40. The company has a market capitalization of $23.91 billion, a PE ratio of 23.97, a P/E/G ratio of 0.72 and a beta of 1.78.

Insider Buying and Selling

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the completion of the transaction, the director now directly owns 208,505 shares of the company’s stock, valued at $31,319,536.05. This trade represents a 4.58 % 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 in the last three months. 6.80% of the stock is owned by corporate insiders.

Institutional Trading of Expedia Group

Several institutional investors have recently added to or reduced their stakes in EXPE. Hantz Financial Services Inc. lifted its holdings in shares of Expedia Group by 2.1% during the third quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company’s stock valued at $441,000 after purchasing an additional 62 shares in the last quarter. Empirical Finance LLC grew its position in Expedia Group by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company’s stock worth $704,000 after purchasing an additional 63 shares during the period. Venture Visionary Partners LLC raised its stake in Expedia Group by 0.6% during the 3rd quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock valued at $1,683,000 after buying an additional 64 shares during the last quarter. GHE LLC lifted its holdings in shares of Expedia Group by 1.0% during the 3rd quarter. GHE LLC now owns 6,689 shares of the online travel company’s stock valued at $980,000 after buying an additional 69 shares during the period. Finally, AdvisorShares Investments LLC boosted its stake in shares of Expedia Group by 7.1% in the 2nd quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company’s stock worth $186,000 after buying an additional 100 shares during the last quarter. 90.76% of the stock is currently owned by hedge funds and other 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.