Expedia Group’s (EXPE) Market Perform Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market perform rating on shares of Expedia Group (NASDAQ:EXPE) in a research report sent to investors on Monday morning,Benzinga reports.

A number of other equities research analysts have also recently commented on EXPE. Oppenheimer lifted their price target on shares of Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their price objective on Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. BTIG Research upped their price objective on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, DA Davidson increased their target price on shares of Expedia Group from $135.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Twenty equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and a consensus target price of $169.70.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $176.23 on Monday. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $192.34. The company’s 50-day moving average is $173.47 and its 200 day moving average is $146.37. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $22.62 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.07 and a beta of 1.84.

Insiders Place Their Bets

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the completion of the sale, the director now owns 208,505 shares in the company, valued at approximately $31,319,536.05. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,951 shares of company stock valued at $6,197,710 over the last quarter. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds have recently modified their holdings of EXPE. Windacre Partnership LLC grew its stake in shares of Expedia Group by 49.5% in the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after purchasing an additional 1,431,500 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in 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 worth $334,403,000 after buying an additional 714,229 shares during the period. Alkeon Capital Management LLC lifted its holdings in Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after buying an additional 498,934 shares during the period. Point72 Asset Management L.P. increased its stake in shares of Expedia Group by 1,649.4% during the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock valued at $51,354,000 after buying an additional 384,305 shares during the period. Finally, 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 in the last quarter. Hedge funds and other institutional investors 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.