Expedia Group (NASDAQ:EXPE) Shares Gap Up – Time to Buy?

Expedia Group, Inc. (NASDAQ:EXPE) shares gapped up prior to trading on Wednesday . The stock had previously closed at $180.64, but opened at $187.09. Expedia Group shares last traded at $184.84, with a volume of 267,000 shares trading hands.

Analyst Ratings Changes

EXPE has been the topic of a number of research reports. Truist Financial began coverage on Expedia Group in a research note on Friday, September 6th. They set a “hold” rating and a $148.00 price target on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $130.00 target price on shares of Expedia Group in a report on Monday, October 7th. JMP Securities restated a “market perform” rating on shares of Expedia Group in a research note on Monday. DA Davidson raised their price objective on shares of Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Finally, Susquehanna boosted their target price on shares of Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Twenty research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and an average target price of $169.70.

Expedia Group Stock Performance

The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $23.03 billion, a PE ratio of 23.09, a PEG ratio of 1.07 and a beta of 1.84. The company has a 50-day moving average price of $174.04 and a two-hundred day moving average price of $146.60.

Insider Activity

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the completion of the transaction, the director now directly owns 198,505 shares in the company, valued at $29,811,480.90. The trade was a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the sale, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. This trade represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,951 shares of company stock worth $6,197,710 over the last ninety days. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

A number of institutional investors have recently made changes to their positions in the stock. Innealta Capital LLC purchased a new stake in Expedia Group during the second quarter valued at about $27,000. Blue Trust Inc. raised its stake in shares of Expedia Group by 93.8% during the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after acquiring an additional 105 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Expedia Group by 709.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after purchasing an additional 291 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Expedia Group during the 3rd quarter valued at $51,000. Finally, Strategic Financial Concepts LLC bought a new stake in Expedia Group in the second quarter worth $65,000. 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.