Morgan Stanley Forecasts Strong Price Appreciation for Expedia Group (NASDAQ:EXPE) Stock

Expedia Group (NASDAQ:EXPEGet Free Report) had its price objective boosted by research analysts at Morgan Stanley from $180.00 to $185.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the online travel company’s stock. Morgan Stanley’s price objective indicates a potential upside of 0.99% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. TD Cowen downgraded Expedia Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $130.00 to $150.00 in a research report on Wednesday, September 25th. Baird R W raised shares of Expedia Group to a “strong-buy” rating in a research report on Wednesday, November 27th. Oppenheimer boosted their price target on shares of Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Jefferies Financial Group raised their price objective on Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, Barclays upped their target price on Expedia Group from $153.00 to $166.00 and gave the stock an “equal weight” rating in a report on Monday. Twenty research analysts have rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $175.64.

Check Out Our Latest Analysis on EXPE

Expedia Group Stock Up 1.0 %

EXPE stock opened at $183.19 on Monday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $23.51 billion, a P/E ratio of 23.58, a P/E/G ratio of 1.03 and a beta of 1.83. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $192.34. The business has a 50-day moving average of $183.94 and a 200-day moving average of $154.78.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the transaction, the insider now owns 85,250 shares in the company, valued at $15,345,000. This trade represents a 2.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were 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 of the company’s stock, valued at approximately $2,035,922.13. The trade was a 38.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,951 shares of company stock valued at $5,045,310. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Venturi Wealth Management LLC boosted its stake in shares of Expedia Group by 709.8% in the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after buying an additional 291 shares during the period. Brooklyn Investment Group bought a new stake in shares of Expedia Group during the 3rd quarter valued at $51,000. Future Financial Wealth Managment LLC bought a new stake in shares of Expedia Group during the 3rd quarter valued at $74,000. Versant Capital Management Inc grew its holdings in shares of Expedia Group by 299.3% during the 4th quarter. Versant Capital Management Inc now owns 559 shares of the online travel company’s stock worth $104,000 after purchasing an additional 419 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of Expedia Group in the third quarter worth $118,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

About Expedia Group

(Get Free Report)

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.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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