TipRanksStock Market NewsEXPE NewsBarclays Thinks Expedia’s Stock is Going to Recover

Barclays Thinks Expedia’s Stock is Going to Recover

Barclays analyst Mario Lu maintained a Buy rating on Expedia (EXPEResearch Report) on June 23 and set a price target of $157.00. The company’s shares closed last Friday at $102.34, close to its 52-week low of $92.22.

According to TipRanks.com, Lu is ranked 0 out of 5 stars with an average return of -15.2% and a 33.8% success rate. Lu covers the Technology sector, focusing on stocks such as Spotify Technology SA, Corsair Gaming, and Unity Software.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Expedia with a $194.09 average price target, implying a 104.3% upside from current levels. In a report issued on June 9, Goldman Sachs also maintained a Buy rating on the stock with a $173.00 price target.

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Expedia’s market cap is currently $16.08B and has a P/E ratio of 88.11.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EXPE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Expedia Group, Inc. is an online travel company, which engages in the provision of travel products and services to leisure and corporate travellers. It operates through the following business segments: Core Online Travel Agency(OTA), Trivago, Vrbo, and Egencia. The Core OTA segment offers full range of travel and advertising services to worldwide customers through a variety of brands including: Expedia.com and Hotels.com. The Trivago segment involves in sending referrals to online travel companies and travel service providers from its hotel metasearch websites. The Vrbo segment operates an online marketplace for the alternative accommodations industry. The Egencia segment manages travel services to corporate customers worldwide. The company was founded in 1994 and is headquartered in Seattle, WA.

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