Expedia Group (NASDAQ:EXPE) Upgraded by Melius to Buy Rating

Melius upgraded shares of Expedia Group (NASDAQ:EXPE) from a hold rating to a buy rating in a research note released on Monday, Marketbeat.com reports. They currently have $220.00 price target on the online travel company’s stock.

A number of other equities analysts have also commented on the stock. Morgan Stanley raised 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. Deutsche Bank Aktiengesellschaft downgraded shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group increased their price objective on Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Wedbush lifted their price objective on Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Bank of America upgraded Expedia Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $187.00 to $221.00 in a research note on Wednesday, December 18th. Twenty analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $171.63.

Expedia Group Stock Performance

Shares of EXPE opened at $182.62 on Monday. Expedia Group has a 52-week low of $107.25 and a 52-week high of $192.34. The stock’s 50-day simple moving average is $182.23 and its 200 day simple moving average is $153.06. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $23.44 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 1.03 and a beta of 1.84.

Insider Transactions at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the completion of the sale, the director now owns 188,505 shares of the company’s stock, valued at $29,570,779.35. This represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction on 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,951 shares of company stock worth $5,045,310. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its holdings in Expedia Group by 4.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 34,992 shares of the online travel company’s stock worth $4,409,000 after purchasing an additional 1,587 shares in the last quarter. TD Asset Management Inc raised its stake in Expedia Group by 21.7% in the second quarter. TD Asset Management Inc now owns 105,969 shares of the online travel company’s stock worth $13,351,000 after buying an additional 18,928 shares in the last quarter. National Bank of Canada FI lifted its holdings in Expedia Group by 34.0% in the second quarter. National Bank of Canada FI now owns 43,308 shares of the online travel company’s stock worth $5,303,000 after buying an additional 10,978 shares during the period. Strategic Financial Concepts LLC bought a new stake in Expedia Group during the 2nd quarter valued at approximately $65,000. Finally, Caprock Group LLC purchased a new position in shares of Expedia Group during the 2nd quarter worth approximately $960,000. 90.76% of the stock is 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.