Citigroup Increases Expedia Group (NASDAQ:EXPE) Price Target to $145.00

Expedia Group (NASDAQ:EXPE) had its price target hoisted by investment analysts at Citigroup from $140.00 to $145.00 in a report released on Friday, Benzinga reports. The firm presently has a “neutral” rating on the online travel company’s stock. Citigroup’s price target suggests a potential upside of 11.53% from the company’s current price.

A number of other research firms have also recently commented on EXPE. TD Cowen cut their target price on Expedia Group from $165.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Wedbush boosted their target price on shares of Expedia Group from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday. Oppenheimer reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Expedia Group in a research note on Monday, April 29th. Susquehanna reissued a “neutral” rating and issued a $125.00 price objective on shares of Expedia Group in a research report on Wednesday, May 15th. Finally, Mizuho reduced their target price on shares of Expedia Group from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Sixteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $147.92.

Expedia Group Trading Up 10.2 %

NASDAQ EXPE traded up $12.04 on Friday, hitting $130.01. 6,092,480 shares of the stock were exchanged, compared to its average volume of 2,451,472. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.79 and a current ratio of 0.79. Expedia Group has a 52-week low of $92.48 and a 52-week high of $160.05. The firm has a market capitalization of $17.72 billion, a P/E ratio of 24.35, a P/E/G ratio of 0.46 and a beta of 1.78. The stock has a fifty day moving average price of $125.31 and a two-hundred day moving average price of $129.50.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 544 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $113.38, for a total value of $61,678.72. Following the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the sale, the director now directly owns 32,620 shares of the company’s stock, valued at approximately $3,676,600.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Soliday sold 544 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $113.38, for a total value of $61,678.72. Following the completion of the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The disclosure for this sale can be found here. 8.07% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Hohimer Wealth Management LLC boosted its stake in shares of Expedia Group by 1.2% during the 4th quarter. Hohimer Wealth Management LLC now owns 6,711 shares of the online travel company’s stock worth $1,019,000 after acquiring an additional 78 shares in the last quarter. Parallel Advisors LLC grew its holdings in Expedia Group by 7.4% in the fourth quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company’s stock valued at $176,000 after purchasing an additional 80 shares during the period. Private Advisor Group LLC increased its position in shares of Expedia Group by 0.4% in the first quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock valued at $3,354,000 after buying an additional 87 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake in shares of Expedia Group by 5.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock worth $221,000 after buying an additional 88 shares during the period. Finally, Commerce Bank increased its holdings in Expedia Group by 4.3% in the 4th quarter. Commerce Bank now owns 2,304 shares of the online travel company’s stock worth $350,000 after acquiring an additional 96 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

About Expedia Group

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.