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 released on Tuesday morning.

A number of other equities research analysts have also weighed in on EXPE. Truist Financial initiated coverage on shares of Expedia Group in a report on Friday, September 6th. They set a hold rating and a $148.00 price objective on the stock. UBS Group decreased their target price on shares of Expedia Group from $140.00 to $137.00 and set a neutral rating for the company in a research report on Friday, August 9th. Barclays decreased their target price on shares of Expedia Group from $138.00 to $134.00 and set an equal weight rating for the company in a research report on Friday, August 9th. BTIG Research boosted their target price on shares of Expedia Group from $150.00 to $175.00 and gave the company a buy rating in a research report on Friday, September 27th. Finally, Wedbush boosted their target price on shares of Expedia Group from $125.00 to $130.00 and gave the company a neutral rating in a research report on Friday, August 9th. Nineteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of $150.85.

Expedia Group Price Performance

Shares of EXPE opened at $150.86 on Tuesday. The firm has a market capitalization of $19.64 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79. 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 has a 1-year low of $92.48 and a 1-year high of $160.05. The company’s fifty day moving average price is $136.39 and its 200-day moving average price is $129.24.

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

Insider Transactions at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the completion of the sale, the director now owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Dara Khosrowshahi sold 10,000 shares of the 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 completion of the sale, the director now owns 198,505 shares of the company’s stock, valued at $29,811,480.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,019 shares of company stock valued at $5,390,191 over the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

Several hedge funds have recently made changes to their positions in EXPE. ValueAct Holdings L.P. acquired a new position in shares of Expedia Group in the 4th quarter worth approximately $645,346,000. Pacer Advisors Inc. lifted its holdings 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 worth $334,403,000 after acquiring an additional 714,229 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Expedia Group by 414.4% in the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock worth $94,512,000 after acquiring an additional 552,831 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Expedia Group by 1,649.4% in the 2nd 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 during the last quarter. Finally, AustralianSuper Pty Ltd lifted its holdings in shares of Expedia Group by 88.8% in the 2nd quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after acquiring an additional 354,389 shares during 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.