Expedia Group (NASDAQ:EXPE) Cut to “Buy” at StockNews.com

StockNews.com cut shares of Expedia Group (NASDAQ:EXPE) from a strong-buy rating to a buy rating in a research report report published on Tuesday.

Other analysts have also recently issued reports about the company. Wells Fargo & Company lifted their price objective on Expedia Group from $130.00 to $159.00 and gave the company an equal weight rating in a research report on Tuesday. Barclays cut their price objective on Expedia Group from $138.00 to $134.00 and set an equal weight rating on the stock in a research report on Friday, August 9th. Royal Bank of Canada reaffirmed a sector perform rating and set a $140.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. UBS Group cut their price objective on Expedia Group from $140.00 to $137.00 and set a neutral rating on the stock in a research report on Friday, August 9th. Finally, Citigroup lifted their price objective on Expedia Group from $140.00 to $145.00 and gave the company a neutral rating in a research report on Friday, August 9th. Nineteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Expedia Group currently has an average rating of Hold and a consensus price target of $150.85.

Expedia Group Stock Down 1.3 %

NASDAQ EXPE opened at $150.86 on Tuesday. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $19.64 billion, a PE ratio of 26.94, a PEG ratio of 0.60 and a beta of 1.79. Expedia Group has a 1 year low of $92.48 and a 1 year high of $160.05. The business’s 50-day moving average is $136.39 and its 200 day moving average is $129.24.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 47.55% and a net margin of 6.09%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.34 EPS. Sell-side analysts forecast 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 business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the sale, the insider now directly owns 89,960 shares in the company, valued at approximately $11,829,740. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the sale, the insider now owns 89,960 shares of the company’s stock, valued at $11,829,740. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the transaction, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. This 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 worth $5,390,191. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EXPE. Exchange Traded Concepts LLC boosted its holdings in shares of Expedia Group by 1,353.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,105 shares of the online travel company’s stock valued at $164,000 after purchasing an additional 1,029 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new stake in Expedia Group in the 3rd quarter worth about $385,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in Expedia Group by 26.5% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 49,237 shares of the online travel company’s stock worth $7,285,000 after purchasing an additional 10,300 shares during the period. Clarius Group LLC purchased a new stake in Expedia Group in the 3rd quarter worth about $207,000. Finally, CWM LLC raised its position in Expedia Group by 12.1% in the 3rd quarter. CWM LLC now owns 7,865 shares of the online travel company’s stock worth $1,164,000 after purchasing an additional 849 shares during the period. Institutional investors own 90.76% of the company’s stock.

About Expedia Group

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.