Expedia Group (NASDAQ:EXPE – Free 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.
Expedia Group Stock Down 17.8 %
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
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.
- Five stocks we like better than Expedia Group
- What is ChatGPT Stock? How to Invest in It
- Cloudflare results spark analysts reset: 25% upside ahead
- How to Invest in Social Media
- Beyond Nvidia: The hidden stars with 200% earnings growth
- Dividend Tax Calculator
- 3 large caps with RSIs that scream ‘oversold’
Receive News & Ratings for Expedia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group and related companies with MarketBeat.com's FREE daily email newsletter.