Expedia Group (NASDAQ:EXPE) Given New $136.00 Price Target at JPMorgan Chase & Co.

Expedia Group (NASDAQ:EXPEFree Report) had its price target increased by JPMorgan Chase & Co. from $115.00 to $136.00 in a research report sent to investors on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the online travel company’s stock.

Several other analysts have also recently commented on EXPE. BMO Capital Markets began coverage on Expedia Group in a report on Tuesday, January 9th. They issued an outperform rating and a $181.00 price target for the company. Wedbush reaffirmed a neutral rating and set a $130.00 price objective on shares of Expedia Group in a report on Friday. BTIG Research lifted their price objective on Expedia Group from $150.00 to $175.00 and gave the stock a buy rating in a report on Wednesday, December 27th. Ascendiant Capital Markets lifted their price objective on Expedia Group from $133.00 to $168.00 and gave the stock a buy rating in a report on Friday, December 29th. Finally, Benchmark lifted their price objective on Expedia Group from $160.00 to $180.00 and gave the stock a buy rating in a report on Tuesday. Fourteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $149.29.

Get Our Latest Report on Expedia Group

Expedia Group Stock Down 17.8 %

EXPE opened at $131.11 on Friday. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.80 and a quick ratio of 0.80. The business has a 50 day simple moving average of $148.98 and a 200-day simple moving average of $123.68. The stock has a market capitalization of $18.20 billion, a P/E ratio of 23.54, a P/E/G ratio of 0.44 and a beta of 1.90. Expedia Group has a 12 month low of $87.94 and a 12 month high of $160.05.

Expedia Group declared that its Board of Directors has approved a share repurchase plan on Thursday, November 2nd that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the online travel company to reacquire up to 30.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 70,000 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $134.50, for a total value of $9,415,000.00. Following the completion of the transaction, the insider now owns 72,266 shares of the company’s stock, valued at $9,719,777. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 70,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $134.50, for a total transaction of $9,415,000.00. Following the transaction, the insider now owns 72,266 shares of the company’s stock, valued at approximately $9,719,777. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $150.88, for a total value of $1,508,800.00. Following the transaction, the director now directly owns 226,521 shares in the company, valued at approximately $34,177,488.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,477 shares of company stock valued at $13,989,925. Insiders own 8.07% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Almanack Investment Partners LLC. bought a new position in Expedia Group during the 3rd quarter worth approximately $26,000. Clear Street Markets LLC lifted its holdings in Expedia Group by 88.3% during the 1st quarter. Clear Street Markets LLC now owns 290 shares of the online travel company’s stock worth $28,000 after buying an additional 136 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of Expedia Group by 114.4% during the 2nd quarter. Lindbrook Capital LLC now owns 268 shares of the online travel company’s stock worth $29,000 after purchasing an additional 143 shares during the period. City State Bank raised its position in shares of Expedia Group by 157.3% during the 4th quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after purchasing an additional 118 shares during the period. Finally, CVA Family Office LLC acquired a new stake in shares of Expedia Group during the 4th quarter worth approximately $32,000. Institutional investors own 91.15% of the company’s stock.

Expedia Group Company Profile

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Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz; Travelocity; Wotif Group; CheapTickets; ebookers; Expedia; Hotwire; CarRentals.com; Classic Vacations; and Expedia Cruise.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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