Expedia Group (NASDAQ:EXPE) Given New $130.00 Price Target at Wedbush

Expedia Group (NASDAQ:EXPE) had its target price hoisted by Wedbush from $125.00 to $130.00 in a report issued on Friday morning, Benzinga reports. Wedbush currently has a neutral rating on the online travel company’s stock.

Several other research firms also recently issued reports on EXPE. Oppenheimer restated an outperform rating and issued a $175.00 price objective on shares of Expedia Group in a research note on Monday, April 29th. Evercore ISI reduced their price objective on shares of Expedia Group from $190.00 to $175.00 and set an outperform rating for the company in a research report on Friday, May 3rd. Benchmark restated a buy rating and issued a $180.00 price target on shares of Expedia Group in a research note on Tuesday, July 2nd. B. Riley cut their price objective on Expedia Group from $200.00 to $190.00 and set a buy rating for the company in a research report on Friday, May 3rd. Finally, BMO Capital Markets reiterated a market perform rating and issued a $145.00 price target on shares of Expedia Group in a report on Wednesday, May 15th. Sixteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $147.92.

Expedia Group Trading Up 10.2 %

Expedia Group stock traded up $12.04 during midday trading on Friday, reaching $130.01. 6,092,480 shares of the stock traded hands, compared to its average volume of 2,451,472. The company has a 50-day simple moving average of $125.31 and a two-hundred day simple moving average of $129.50. The firm has a market cap of $17.72 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 0.46 and a beta of 1.78. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.93. Expedia Group has a 12-month low of $92.48 and a 12-month high of $160.05.

Insider Transactions at Expedia Group

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

Hedge Funds Weigh In On Expedia Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hohimer Wealth Management LLC boosted its stake in Expedia Group by 1.2% during the fourth quarter. Hohimer Wealth Management LLC now owns 6,711 shares of the online travel company’s stock worth $1,019,000 after buying an additional 78 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of 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 in the last quarter. Private Advisor Group LLC raised its position in Expedia Group by 0.4% in the 1st quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock worth $3,354,000 after purchasing an additional 87 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in Expedia Group by 5.8% in the first quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock valued at $221,000 after acquiring an additional 88 shares during the last quarter. Finally, Commerce Bank increased its holdings in Expedia Group by 4.3% in the fourth 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. Institutional investors and hedge funds 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.