Expedia Group (NASDAQ:EXPE) Given Neutral Rating at Cantor Fitzgerald

Expedia Group (NASDAQ:EXPE)‘s stock had its “neutral” rating restated by Cantor Fitzgerald in a note issued to investors on Monday, Benzinga reports. They presently have a $130.00 price target on the online travel company’s stock. Cantor Fitzgerald’s price objective would suggest a potential downside of 12.11% from the company’s current price.

A number of other brokerages have also commented on EXPE. Barclays cut their price target on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Citigroup boosted their price target on Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Susquehanna boosted their price target on Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, August 12th. UBS Group cut their price target on Expedia Group from $140.00 to $137.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Truist Financial began coverage on Expedia Group in a report on Friday, September 6th. They issued a “hold” rating and a $148.00 price target on the stock. Eighteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $148.00.

Expedia Group Stock Up 2.7 %

NASDAQ:EXPE opened at $147.92 on Monday. Expedia Group has a 1 year low of $92.48 and a 1 year high of $160.05. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. The stock has a market cap of $20.16 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 0.51 and a beta of 1.79. The stock has a 50-day moving average price of $132.34 and a two-hundred day moving average price of $128.18.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 earnings per share. As a group, equities analysts expect that Expedia Group will post 8.98 earnings per share for the current year.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the sale, the insider now owns 89,960 shares in the company, valued at $11,829,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the transaction, the insider now owns 89,960 shares of the company’s stock, valued at $11,829,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the transaction, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. ValueAct Holdings L.P. acquired a new position in shares of Expedia Group in the fourth quarter valued at approximately $645,346,000. Pacer Advisors Inc. grew its position in shares of Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after purchasing an additional 714,229 shares during the last quarter. Lyrical Asset Management LP grew its position in Expedia Group by 0.8% during the fourth quarter. Lyrical Asset Management LP now owns 1,796,068 shares of the online travel company’s stock worth $272,625,000 after buying an additional 13,792 shares in the last quarter. Fisher Asset Management LLC grew its position in Expedia Group by 4.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,439,448 shares of the online travel company’s stock worth $218,494,000 after buying an additional 59,352 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Expedia Group by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock worth $132,851,000 after buying an additional 135,973 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Company Profile

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.