Expedia Group (NASDAQ:EXPE) Receives “Neutral” Rating from Wedbush

Wedbush reiterated their neutral rating on shares of Expedia Group (NASDAQ:EXPE) in a report issued on Friday morning,RTT News reports. They currently have a $165.00 price objective on the online travel company’s stock, down from their prior price objective of $180.00.

Several other research firms have also issued reports on EXPE. Truist Financial boosted their price target on Expedia Group from $163.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, March 12th. Barclays boosted their price objective on Expedia Group from $187.00 to $190.00 and gave the company an “equal weight” rating in a research note on Friday. Oppenheimer reduced their target price on shares of Expedia Group from $235.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Argus lifted their price target on shares of Expedia Group from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Susquehanna increased their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Expedia Group has an average rating of “Moderate Buy” and an average target price of $189.04.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $156.55 on Friday. The firm’s 50 day moving average price is $161.69 and its 200-day moving average price is $175.63. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $20.17 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. Expedia Group has a twelve month low of $107.25 and a twelve month high of $207.73.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the business posted $0.21 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. Equities research analysts expect that Expedia Group will post 12.28 EPS for the current year.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, the insider now directly owns 74,502 shares of the company’s stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Minot DeBlois Advisors LLC purchased a new position in Expedia Group during the fourth quarter worth $27,000. SRH Advisors LLC bought a new stake in shares of Expedia Group in the 4th quarter worth about $28,000. Sava Infond d.o.o. purchased a new position in shares of Expedia Group during the 4th quarter worth about $28,000. McClarren Financial Advisors Inc. bought a new position in Expedia Group during the 1st quarter valued at about $28,000. Finally, Grove Bank & Trust raised its position in Expedia Group by 676.2% in the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after purchasing an additional 142 shares during the period. 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.