Expedia Group (NASDAQ:EXPE) Cut 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 Wednesday.

Several other brokerages have also weighed in on EXPE. Bank of America upped their price objective on shares of Expedia Group from $220.00 to $226.00 and gave the company a “buy” rating in a report 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 report on Thursday, February 24th. Barclays upped their price objective on shares of Expedia Group from $210.00 to $226.00 and gave the company an “overweight” rating in a report on Friday, February 11th. Citigroup upped their price objective on shares of Expedia Group from $198.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, April 20th. Finally, Cowen upped their price objective on shares of Expedia Group from $181.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, February 7th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $208.85.

EXPE stock opened at $178.58 on Wednesday. The firm has a market cap 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 quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.17. Expedia Group has a 12-month low of $136.77 and a 12-month high of $217.72. The company’s fifty day simple moving average is $188.66 and its 200 day simple moving average is $180.05.

Expedia Group (NASDAQ:EXPEGet Rating) last released its 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 for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the business earned ($2.92) earnings per share. Expedia Group’s revenue for the quarter was up 147.7% on a year-over-year basis. Research analysts expect that Expedia Group will post 6.04 earnings per share for the current year.

In other news, Director Dara Khosrowshahi sold 20,000 shares of the stock in a transaction that occurred 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 approximately $51,974,188.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan C. Athey sold 200 shares of the stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $200.00, for a total transaction of $40,000.00. The disclosure for this sale can be found here. Insiders sold a total of 128,175 shares of company stock valued at $25,666,576 over the last ninety days. 5.00% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Selective Wealth Management Inc. bought a new position in shares of Expedia Group during the 4th quarter valued at approximately $27,000. Lindbrook Capital LLC lifted its stake 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 buying an additional 84 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Expedia Group during the 1st quarter valued at approximately $29,000. Ancora Advisors LLC lifted its stake in shares of Expedia Group by 49.7% during the 3rd quarter. Ancora Advisors LLC now owns 214 shares of the online travel company’s stock valued at $35,000 after buying an additional 71 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake 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 buying an additional 58 shares in the last quarter. 97.04% of the stock is owned by hedge funds and other institutional investors.

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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