TD Cowen Lowers Expedia Group (NASDAQ:EXPE) to Hold

Expedia Group (NASDAQ:EXPE) was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating in a report released on Wednesday, MarketBeat Ratings reports. They presently have a $150.00 price objective on the online travel company’s stock, up from their prior price objective of $130.00. TD Cowen’s target price indicates a potential upside of 1.02% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Citigroup upped their target price on shares of Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $140.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. Truist Financial assumed coverage on Expedia Group in a report on Friday, September 6th. They set a “hold” rating and a $148.00 target price on the stock. Wedbush raised their price target on Expedia Group from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Finally, Susquehanna increased their price objective on shares of Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Nineteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $148.77.

Expedia Group Stock Up 2.1 %

EXPE stock opened at $148.48 on Wednesday. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 0.56 and a beta of 1.79. Expedia Group has a twelve month low of $92.48 and a twelve month high of $160.05. The business has a 50 day moving average price of $132.54 and a two-hundred day moving average price of $128.30. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share 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 the consensus estimate of $3.53 billion. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.34 earnings per share. Analysts anticipate that Expedia Group will post 8.98 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 89,960 shares in the company, valued at approximately $11,829,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction 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 owns 84,543 shares in the company, valued at approximately $11,379,487.80. The disclosure for this sale can be found here. 8.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EXPE. ValueAct Holdings L.P. acquired a new position in Expedia Group during the 4th quarter worth approximately $645,346,000. Pacer Advisors Inc. grew its stake in shares of Expedia Group by 36.8% during the second 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 last quarter. Lyrical Asset Management LP increased its holdings in shares of 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 boosted its holdings in shares of Expedia Group by 4.3% during the 4th quarter. Fisher Asset Management LLC now owns 1,439,448 shares of the online travel company’s stock valued at $218,494,000 after acquiring 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 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock worth $132,851,000 after acquiring an additional 135,973 shares during the last quarter. 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.