Expedia Group, Inc. (NASDAQ:EXPE – Get Free Report) has been assigned an average rating of “Hold” from the twenty-five research firms that are presently covering the company, Marketbeat Ratings reports. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $149.29.
A number of equities research analysts have issued reports on the company. Evercore ISI upgraded Expedia Group from an “in-line” rating to an “outperform” rating and raised their target price for the company from $135.00 to $200.00 in a research note on Friday, November 17th. Piper Sandler raised their target price on Expedia Group from $119.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, November 3rd. Morgan Stanley lifted their price objective on shares of Expedia Group from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 14th. TheStreet upgraded shares of Expedia Group from a “c+” rating to a “b-” rating in a research note on Thursday, November 30th. Finally, Bank of America cut shares of Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price objective on the stock. in a research note on Friday.
Expedia Group Stock Performance
Expedia Group declared that its Board of Directors has authorized a share buyback program on Thursday, November 2nd that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the online travel company to buy up to 30.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.
Insider Buying and Selling
In related news, insider Robert J. Dzielak sold 70,000 shares of Expedia Group 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 transaction, the insider now owns 72,266 shares of the company’s stock, valued at approximately $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, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $150.06, for a total transaction of $1,500,600.00. Following the transaction, the director now owns 236,521 shares of the company’s stock, valued at approximately $35,492,341.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 70,000 shares of Expedia Group stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $134.50, for a total value of $9,415,000.00. Following the transaction, the insider now directly owns 72,266 shares in the company, valued at approximately $9,719,777. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,477 shares of company stock valued at $13,989,925. 8.07% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Expedia Group
Institutional investors and hedge funds have recently bought and sold shares of the business. Almanack Investment Partners LLC. purchased a new position in Expedia Group during the 3rd quarter valued at about $26,000. Clear Street Markets LLC grew its stake in shares of Expedia Group by 88.3% in the 1st quarter. Clear Street Markets LLC now owns 290 shares of the online travel company’s stock valued at $28,000 after buying an additional 136 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of Expedia Group by 114.4% in the 2nd quarter. Lindbrook Capital LLC now owns 268 shares of the online travel company’s stock valued at $29,000 after buying an additional 143 shares in the last quarter. City State Bank grew its stake in shares of Expedia Group by 157.3% in the 4th quarter. City State Bank now owns 193 shares of the online travel company’s stock valued at $29,000 after buying an additional 118 shares in the last quarter. Finally, CVA Family Office LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 91.15% of the company’s stock.
About Expedia Group
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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