Expedia Group (NASDAQ:EXPE) Lowered to “Hold” at StockNews.com

Expedia Group (NASDAQ:EXPEGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Several other analysts have also issued reports on the stock. UBS Group upped their price target on shares of Expedia Group from $171.00 to $183.00 and gave the company a “neutral” rating in a research report on Friday, February 11th. BTIG Research upped their price objective on shares of Expedia Group from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, February 11th. Morgan Stanley upped their price objective on shares of Expedia Group from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, February 24th. Stifel Nicolaus upped their price objective on shares of Expedia Group from $190.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, February 11th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Expedia Group in a research note on Friday, March 11th. They set a “buy” rating and a $218.00 price objective for the company. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $208.78.

NASDAQ:EXPE traded down $5.71 during midday trading on Monday, hitting $185.84. The company had a trading volume of 2,382,825 shares, compared to its average volume of 3,013,871. Expedia Group has a 52-week low of $136.77 and a 52-week high of $217.72. The stock’s fifty day moving average price is $190.80 and its 200-day moving average price is $179.56. The company has a market capitalization of $28.95 billion, a PE ratio of -83.34, a P/E/G ratio of 1.89 and a beta of 1.53. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.17.

Expedia Group (NASDAQ:EXPEGet Rating) last posted its quarterly earnings results on Thursday, February 10th. The online travel company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Expedia Group had a net margin of 0.14% and a return on equity of 5.96%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the business posted ($2.92) earnings per share. The company’s revenue was up 147.7% on a year-over-year basis. As a group, research analysts forecast that Expedia Group will post 6.04 earnings per share for the current year.

In related news, Director Susan C. Athey sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, January 18th. The shares were sold at an average price of $181.99, for a total value of $54,597.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dara Khosrowshahi sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 1st. The stock was sold at an average price of $184.74, for a total transaction of $2,771,100.00. The disclosure for this sale can be found here. Insiders sold 128,475 shares of company stock worth $25,721,173 in the last 90 days. 5.00% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXPE. Selective Wealth Management Inc. bought a new stake in shares of Expedia Group during the 4th quarter valued at $27,000. Lindbrook Capital LLC raised its position in shares of Expedia Group by 116.7% during the 4th quarter. Lindbrook Capital LLC now owns 156 shares of the online travel company’s stock valued at $28,000 after purchasing an additional 84 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Expedia Group by 41.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the online travel company’s stock valued at $36,000 after purchasing an additional 58 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Expedia Group during the 4th quarter valued at $37,000. Finally, Raleigh Capital Management Inc. bought a new stake in shares of Expedia Group during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Expedia Group Company Profile (Get Rating)

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.

Recommended Stories

Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

Receive News & Ratings for Expedia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group and related companies with MarketBeat.com's FREE daily email newsletter.