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

StockNews.com lowered shares of Expedia Group (NASDAQ:EXPEGet Rating) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

EXPE has been the subject of a number of other reports. Piper Sandler lifted their price target on shares of Expedia Group from $216.00 to $231.00 and gave the company an overweight rating in a research report on Friday, February 11th. Barclays lifted their price target on shares of Expedia Group from $210.00 to $226.00 and gave the company an overweight rating in a research report on Friday, February 11th. Cowen lifted their price target on shares of Expedia Group from $181.00 to $200.00 and gave the company an outperform rating in a research report on Monday, February 7th. Stifel Nicolaus lifted their price target on shares of Expedia Group from $190.00 to $215.00 and gave the company a hold rating in a research report on Friday, February 11th. Finally, Wolfe Research lifted their price target on shares of Expedia Group from $190.00 to $210.00 and gave the company a peer perform rating in a research report on Friday, February 11th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Expedia Group currently has a consensus rating of Hold and an average price target of $208.85.

Shares of EXPE opened at $178.58 on Wednesday. The firm’s 50-day moving average price is $188.66 and its 200-day moving average price is $180.05. The firm has a market capitalization of $27.81 billion, a price-to-earnings ratio of -80.08, a PEG ratio of 1.81 and a beta of 1.53. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.17. Expedia Group has a 1-year low of $136.77 and a 1-year high of $217.72.

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

In related news, Director Dara Khosrowshahi sold 20,000 shares of the firm’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $198.29, for a total transaction of $3,965,800.00. Following the completion of the transaction, the director now directly owns 262,112 shares of the company’s stock, valued at $51,974,188.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 45,891 shares of the business’s stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $209.85, for a total transaction of $9,630,226.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,175 shares of company stock valued at $25,666,576. Company insiders own 5.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in EXPE. Selective Wealth Management Inc. purchased a new stake in shares of Expedia Group during the 4th quarter worth approximately $27,000. FNY Investment Advisers LLC purchased a new position in shares of Expedia Group in the first quarter valued at $29,000. Lindbrook Capital LLC grew its holdings in shares of Expedia Group by 116.7% in the fourth 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 in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Expedia Group by 41.7% in the fourth 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 in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Expedia Group in the fourth quarter valued at $37,000. 97.04% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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