Saturday, June 25, 2022

Expedia Group Inc. [EXPE] Director makes an insider purchase of 800 shares worth 99,097.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Expedia Group Inc. shares valued at $99,097 were purchased by Menendez-Cambo Patricia on May 18. At $123.87 per share, Menendez-Cambo Patricia acquired 800 shares. The insider’s holdings grew to 1,274 shares worth approximately $0.12 million following the completion of this transaction.


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Also, Soliday Lance A sold 376 shares, netting a total of over 46,668 in proceeds. Following the sale of shares at $124.12 each, the insider now holds 8,949 shares.

Before that, KHOSROWSHAHI DARA had sold 10,000 shares from its account. In a trade valued at $1,729,377, the Director traded Expedia Group Inc. shares for $172.94 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $24.49 million.

As published in a research note from BofA Securities on March 11, 2022, XPO Logistics Inc. [XPO] has been rated up from a Neutral to a Buy and the price target has been revised to $96 from $70. This represents a 52.4% premium over Wednesday’s closing price. Analysts at Cowen resumed the stock at ‘”an Outperform”‘ outlook in a report released in early March. As of February 25, 2022, Evercore ISI has initiated its “an Outperform” rating for XPO. Earlier on December 22, 2021, The Benchmark Company initiated its rating. Their recommendation was “a Buy” for XPO stock. Analysts at Redburn upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid May. As of April 08, 2022, Redburn has decreased its “Buy” rating to a “Neutral” for EXPE. Earlier on March 11, 2022, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for EXPE stock.

Analyzing EXPE’s Price Performance

On Wednesday, Expedia Group Inc. [NASDAQ: EXPE] plunged -1.66% to $97.14. The stock’s lowest price that day was $96.72, but it reached a high of $99.24 in the same session. During the last five days, there has been a drop of approximately -4.70%. Over the course of the year, Expedia Group Inc. shares have dropped approximately -46.25%. Shares of the company reached a 52-week high of $217.72 on 02/16/22 and a 52-week low of $95.65 on 06/16/22. A 50-day SMA is recorded $141.26, while a 200-day SMA reached $167.41. Nevertheless, trading volume fell to 2.94 million shares from 2.19 million shares the previous day.

Support And Resistance Levels for Expedia Group Inc. (EXPE)

According to the 24-hour chart, there is a support level at 96.16, which, if violated, would cause prices to drop to 95.18. In the upper region, resistance lies at 98.68. The next price resistance is at 100.22. RSI (Relative Strength Index) is 28.61 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -15.68, which suggests the price will decrease in the coming days. Percent R is at 96.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Which companies own the most shares of Expedia Group Inc. (EXPE)?

According to The Vanguard Group, Inc. filings, the company currently owns 15,550,197 shares, which is about 10.26% of the total EXPE shares outstanding. The investor’s shares have appreciated by 749,752 from its previous 13-F filing of 14800445.0 shares. With the completion of the buy, T. Rowe Price Associates, Inc.’s stake is now worth $1,105,530,688. D1 Capital Partners LP reduced a -39.98% interest valued at $984.54 million while BlackRock Fund Advisors purchased a 238,193 stake. A total of 47,082 shares of Expedia Group Inc. were bought by SSgA Funds Management, Inc. during the quarter, and -329,888 were sold by Artisan Partners LP. In its current portfolio, PAR Capital Management, Inc. holds 4,100,000 shares valued at $530.25 million.

In terms of Expedia Group Inc. share price expectations, FactSet research, analysts set an average price target of $190.41 in the next 12 months, up nearly 97.41% from the previous closing price of $98.78. Analysts anticipate Expedia Group Inc. stock to reach $275.00 by 2022, with the lowest price target being $118.00. In spite of this, 32 analysts ranked Expedia Group Inc. stock as an Overweight at the end of 2022. On February 11, 2022, Wolfe Research assigned a price target of “a Peer perform” to the stock and reiterated coverage with a $210.

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