Expedia Group (NASDAQ:EXPE) Downgraded to Buy at StockNews.com

Expedia Group (NASDAQ:EXPE) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

Several other analysts also recently weighed in on the company. Jefferies Financial Group raised their target price on Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday. BTIG Research raised their price objective on Expedia Group from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Piper Sandler reaffirmed a “neutral” rating and issued a $140.00 target price (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $140.00 price target on shares of Expedia Group in a research report on Friday, August 9th. Finally, Barclays cut their price target on shares of Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Nineteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $152.15.

Expedia Group Stock Up 1.3 %

Expedia Group stock traded up $2.09 during midday trading on Thursday, hitting $160.45. 759,673 shares of the company were exchanged, compared to its average volume of 2,198,768. The company has a market cap of $21.87 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79. Expedia Group has a fifty-two week low of $92.48 and a fifty-two week high of $164.65. The company’s fifty day moving average price is $143.19 and its 200-day moving average price is $130.70. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76.

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

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $11,829,740. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the transaction, the director now owns 198,505 shares in the company, valued at approximately $29,811,480.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 12,602 shares of the stock in a transaction on Thursday, August 15th. The shares were 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 of the company’s stock, valued at $11,829,740. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,019 shares of company stock valued at $5,390,191. 8.07% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its position in shares of Expedia Group by 36.8% in the 2nd 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 period. Acadian Asset Management LLC boosted its holdings in shares of Expedia Group by 414.4% in the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock worth $94,512,000 after buying an additional 552,831 shares during the period. Point72 Asset Management L.P. increased its position in shares of Expedia Group by 1,649.4% in the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after acquiring an additional 384,305 shares in the last quarter. AustralianSuper Pty Ltd raised its holdings in shares of Expedia Group by 88.8% during the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock valued at $94,903,000 after acquiring an additional 354,389 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Expedia Group in the 2nd quarter valued at approximately $39,183,000. 90.76% of the stock is owned by institutional investors and hedge funds.

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.