Expedia Group (NASDAQ:EXPE) Trading Down 6.2% Following Analyst Downgrade

Expedia Group, Inc. (NASDAQ:EXPEGet Rating) was down 6.2% during mid-day trading on Monday after Barclays lowered their price target on the stock from $161.00 to $124.00. The company traded as low as $85.53 and last traded at $86.91. Approximately 34,095 shares were traded during trading, a decline of 99% from the average daily volume of 3,055,527 shares. The stock had previously closed at $92.63.

Other research analysts have also recently issued reports about the company. Mizuho cut their price objective on Expedia Group from $132.00 to $102.00 and set a “neutral” rating for the company in a report on Friday. Susquehanna cut their price objective on Expedia Group from $145.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, August 12th. StockNews.com started coverage on Expedia Group in a report on Wednesday, October 12th. They set a “buy” rating for the company. Morgan Stanley cut their price objective on Expedia Group from $128.00 to $120.00 and set an “equal weight” rating for the company in a report on Monday, October 24th. Finally, Truist Financial cut their price target on Expedia Group from $185.00 to $175.00 and set a “buy” rating for the company in a report on Friday, October 28th. Thirteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Expedia Group has a consensus rating of “Hold” and an average target price of $152.21.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 636 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $114.04, for a total transaction of $72,529.44. Following the completion of the transaction, the chief accounting officer now directly owns 8,949 shares in the company, valued at approximately $1,020,543.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Lance A. Soliday sold 636 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $114.04, for a total transaction of $72,529.44. Following the completion of the transaction, the chief accounting officer now directly owns 8,949 shares in the company, valued at approximately $1,020,543.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan L. Dolgen sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $101.55, for a total value of $101,550.00. Following the transaction, the director now owns 37,779 shares of the company’s stock, valued at $3,836,457.45. The disclosure for this sale can be found here. Corporate insiders own 7.52% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several institutional investors have recently modified their holdings of EXPE. Sierra Capital LLC lifted its holdings in shares of Expedia Group by 817.2% during the 2nd quarter. Sierra Capital LLC now owns 266 shares of the online travel company’s stock valued at $25,000 after purchasing an additional 237 shares in the last quarter. Ronald Blue Trust Inc. bought a new stake in Expedia Group in the 2nd quarter valued at approximately $27,000. MCF Advisors LLC bought a new stake in Expedia Group in the 1st quarter valued at approximately $28,000. Clear Street Markets LLC lifted its stake in Expedia Group by 412.9% in the 2nd quarter. Clear Street Markets LLC now owns 318 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 256 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new stake in Expedia Group in the 2nd quarter valued at approximately $30,000. Institutional investors own 97.43% of the company’s stock.

Expedia Group Price Performance

The stock has a market cap of $14.12 billion, a P/E ratio of 32.82, a PEG ratio of 1.22 and a beta of 1.51. The company has a 50 day simple moving average of $97.66 and a 200 day simple moving average of $109.81. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.99.

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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