Staff Reporter
Expedia Group (NASDAQ: EXPE) has received a boost from Melius Research, which upgraded its rating from “hold” to “strong-buy” in a report released on Monday.
In addition to this upgrade, several other analysts have weighed in on the stock. Barclays raised its price target for Expedia Group shares from $134.00 to $153.00, maintaining an “equal weight” rating in a research note dated Friday, November 8th.
Meanwhile, JPMorgan Chase & Co. also increased its price target for the company, moving it from $135.00 to $170.00, and assigned a “neutral” rating in their report on the same day.
JMP Securities reaffirmed a “market perform” rating on Expedia Group shares in a report issued on Monday, December 16th.
Wedbush raised its target price for Expedia Group from $130.00 to $180.00, assigning the stock a “neutral” rating in a research note released on Friday, November 8th. Additionally, Wells Fargo & Company increased its price target from $130.00 to $159.00 and also issued an “equal weight” rating in a report dated Tuesday, October 8th.
Currently, twenty analysts have rated the stock as a hold, nine have assigned a buy rating, and three have given it a strong buy rating. According to MarketBeat.com, Expedia Group now holds an average rating of “Hold” with a consensus target price of $171.63.
Institutional Trading Activity for Expedia Group
Recent changes in institutional trading have seen hedge funds adjusting their positions in Expedia Group.
Windacre Partnership LLC increased its stake in the company by 49.5% during the third quarter, now holding 4,323,700 shares valued at $639,994,000 after purchasing an additional 1,431,500 shares during that period.
Meanwhile, Pacer Advisors Inc. boosted its holdings in Expedia Group by 36.8% in the second quarter. The firm now owns 2,654,200 shares of the online travel company, worth $334,403,000, after acquiring an additional 714,229 shares in the last quarter.
Alkeon Capital Management LLC has raised its stake in Expedia Group by 46.3% during the third quarter. The firm now holds 1,576,472 shares of the online travel company’s stock, valued at $233,349,000, after acquiring an additional 498,934 shares during the period.
Point72 Asset Management L.P. significantly expanded its holdings in Expedia Group by 1,649.4% in the second quarter. The firm now owns 407,605 shares, valued at $51,354,000, after purchasing an additional 384,305 shares in the last quarter.
Additionally, Marshall Wace LLP made a new investment in Expedia Group during the second quarter, with a stake worth approximately $39,183,000. Currently, hedge funds and other institutional investors own 90.76% of the stock.
Company Profile: Expedia Group
Expedia Group, Inc. (NASDAQ: EXPE) is a leading online travel company that facilitates planning and booking travel experiences. The company operates through three primary segments: B2B, B2C, and Trivago. Expedia is well-known for its key travel brands, including Vrbo, Hotels.com, and Expedia. The majority of its revenue comes from transaction fees associated with online bookings.
The Services and the Content are provided to you solely for your general informational purposes, and should not be considered as legal, tax, accounting, financial or investment advice. You are solely responsible for determining whether any investment is suitable for you, considering your investment objectives, risk tolerance and personal financial situation. It is also your responsibility to evaluate the merits and risks of using the information provided on this site before making any decisions.
