Expedia Group (NASDAQ:EXPE) Given Sector Perform Rating at Royal Bank of Canada

Expedia Group (NASDAQ:EXPEGet Free Report)‘s stock had its “sector perform” rating reaffirmed by equities researchers at Royal Bank of Canada in a research note issued to investors on Friday, Benzinga reports. They currently have a $155.00 target price on the online travel company’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 18.22% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Bank of America cut shares of Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 target price on the stock. in a research report on Friday. Evercore ISI upgraded shares of Expedia Group from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $135.00 to $200.00 in a report on Friday, November 17th. HSBC started coverage on Expedia Group in a research note on Monday, October 23rd. They set a “hold” rating and a $114.00 price target on the stock. Barclays downgraded Expedia Group from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $136.00 to $150.00 in a report on Tuesday, December 12th. Finally, Wedbush restated a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a report on Friday. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $149.29.

Read Our Latest Stock Report on EXPE

Expedia Group Trading Down 17.8 %

EXPE opened at $131.11 on Friday. The stock has a market capitalization of $18.20 billion, a PE ratio of 24.37, a P/E/G ratio of 0.48 and a beta of 1.90. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.80 and a current ratio of 0.80. Expedia Group has a one year low of $87.94 and a one year high of $160.05. The business’s 50 day moving average price is $148.98 and its 200 day moving average price is $123.73.

Expedia Group declared that its board has approved a share buyback plan 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 purchase up to 30.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $150.06, for a total value of $1,500,600.00. Following the completion of the transaction, the director now owns 236,521 shares in the company, valued at $35,492,341.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $150.06, for a total value of $1,500,600.00. Following the completion of the sale, the director now directly owns 236,521 shares of the company’s stock, valued at approximately $35,492,341.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 70,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $9,719,777. The disclosure for this sale can be found here. Insiders have sold 100,477 shares of company stock worth $13,989,925 in the last ninety days. 8.07% of the stock is owned by corporate insiders.

Institutional Trading of Expedia Group

Several institutional investors and hedge funds have recently bought and sold shares of EXPE. Harbor Capital Advisors Inc. increased its stake in Expedia Group by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,090 shares of the online travel company’s stock valued at $773,000 after purchasing an additional 75 shares during the period. Hohimer Wealth Management LLC increased its position in Expedia Group by 1.2% in the 4th quarter. Hohimer Wealth Management LLC now owns 6,711 shares of the online travel company’s stock valued at $1,019,000 after acquiring an additional 78 shares during the period. Harbour Investments Inc. raised its stake in Expedia Group by 25.6% during the 3rd quarter. Harbour Investments Inc. now owns 398 shares of the online travel company’s stock valued at $41,000 after acquiring an additional 81 shares during the last quarter. Nilsine Partners LLC lifted its position in Expedia Group by 1.7% during the 4th quarter. Nilsine Partners LLC now owns 5,725 shares of the online travel company’s stock worth $869,000 after acquiring an additional 96 shares during the period. Finally, Commerce Bank grew its stake in shares of Expedia Group by 4.3% in the 4th quarter. Commerce Bank now owns 2,304 shares of the online travel company’s stock valued at $350,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 91.15% of the company’s stock.

Expedia Group Company Profile

(Get Free Report)

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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