Expedia Group (NASDAQ:EXPE) Price Target Raised to $190.00 at Susquehanna

Expedia Group (NASDAQ:EXPE) had its price objective hoisted by Susquehanna from $145.00 to $190.00 in a research note released on Monday morning,Benzinga reports. Susquehanna currently has a neutral rating on the online travel company’s stock.

Several other equities research analysts also recently commented on EXPE. Cantor Fitzgerald restated a “neutral” rating and set a $130.00 price objective on shares of Expedia Group in a report on Monday, October 7th. Piper Sandler reissued a “neutral” rating and set a $140.00 target price (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. TD Cowen cut shares of Expedia Group from a “buy” rating to a “hold” rating and raised their price target for the company from $130.00 to $150.00 in a research report on Wednesday, September 25th. BTIG Research increased their price objective on Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their target price on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Nineteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $162.68.

Expedia Group Price Performance

EXPE stock opened at $182.26 on Monday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.76. The company’s 50-day moving average is $152.53 and its 200-day moving average is $134.43. The stock has a market capitalization of $23.73 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 0.71 and a beta of 1.78. Expedia Group has a 1 year low of $107.25 and a 1 year high of $190.40.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the sale, the insider now owns 84,543 shares in the company, valued at approximately $11,379,487.80. This trade represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the transaction, the director now owns 188,505 shares of the company’s stock, valued at approximately $29,570,779.35. The trade was a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,417 shares of company stock worth $5,301,728 over the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. lifted its position in Expedia Group by 22.5% during the third quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after purchasing an additional 596,510 shares during the last quarter. Fisher Asset Management LLC grew its position in Expedia Group by 9.4% in the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after acquiring an additional 144,579 shares in the last quarter. Alkeon Capital Management LLC raised its position in Expedia Group by 46.3% during the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after purchasing an additional 498,934 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Expedia Group by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock worth $132,851,000 after purchasing an additional 135,973 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of Expedia Group by 3.1% in the 1st quarter. Clearbridge Investments LLC now owns 971,327 shares of the online travel company’s stock worth $133,800,000 after purchasing an additional 29,294 shares in the last quarter. Hedge funds and other institutional investors own 90.76% 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 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.