Expedia Group (NASDAQ:EXPE) Announces Earnings Results, Beats Expectations By $0.13 EPS

Expedia Group (NASDAQ:EXPEGet Rating) released its quarterly earnings results on Monday. The online travel company reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.13, MarketWatch Earnings reports. Expedia Group had a return on equity of 5.96% and a net margin of 0.14%. During the same quarter in the prior year, the company posted ($2.59) earnings per share.

EXPE stock opened at $174.81 on Tuesday. The stock’s 50 day simple moving average is $186.33 and its 200 day simple moving average is $180.39. The company has a market cap of $27.23 billion, a P/E ratio of -78.39, a price-to-earnings-growth ratio of 1.78 and a beta of 1.51. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.87 and a current ratio of 0.87. Expedia Group has a fifty-two week low of $136.77 and a fifty-two week high of $217.72.

In related news, insider Robert J. Dzielak sold 45,891 shares of the business’s stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $209.85, for a total value of $9,630,226.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Peter M. Kern acquired 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The shares were bought at an average price of $167.79 per share, with a total value of $1,006,740.00. The disclosure for this purchase can be found here. Insiders have sold 113,175 shares of company stock worth $22,895,476 over the last ninety days. 5.00% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA grew its holdings in Expedia Group by 3,771.0% during the fourth quarter. Glenmede Trust Co. NA now owns 70,065 shares of the online travel company’s stock valued at $12,660,000 after purchasing an additional 68,255 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Expedia Group by 10.0% during the 4th quarter. Allianz Asset Management GmbH now owns 577,687 shares of the online travel company’s stock worth $104,399,000 after acquiring an additional 52,666 shares during the period. Allstate Corp raised its stake in Expedia Group by 654.0% in the 4th quarter. Allstate Corp now owns 15,592 shares of the online travel company’s stock valued at $2,818,000 after acquiring an additional 13,524 shares during the period. Deutsche Bank AG raised its stake in Expedia Group by 3.6% in the 4th quarter. Deutsche Bank AG now owns 317,422 shares of the online travel company’s stock valued at $57,364,000 after acquiring an additional 11,039 shares during the period. Finally, Toroso Investments LLC purchased a new stake in Expedia Group during the fourth quarter valued at about $1,503,000. 96.08% of the stock is currently owned by institutional investors.

Several research analysts recently commented on the stock. Redburn Partners cut shares of Expedia Group from a “buy” rating to a “neutral” rating in a report on Friday, April 8th. Citigroup boosted their price objective on Expedia Group from $198.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, April 20th. The Goldman Sachs Group raised their price target on shares of Expedia Group from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 11th. StockNews.com cut shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Finally, Argus lowered their price objective on Expedia Group from $240.00 to $220.00 in a research note on Thursday, April 7th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Expedia Group presently has a consensus rating of “Hold” and an average target price of $207.96.

About Expedia Group (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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Earnings History for Expedia Group (NASDAQ:EXPE)

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