Expedia Group (NASDAQ:EXPE) Rating Lowered to Market Perform at BMO Capital Markets

Expedia Group (NASDAQ:EXPE) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued on Friday, Marketbeat.com reports. They presently have a $145.00 price target on the online travel company’s stock, down from their prior price target of $165.00. BMO Capital Markets’ target price points to a potential upside of 25.73% from the company’s previous close.

A number of other brokerages have also weighed in on EXPE. StockNews.com upgraded shares of Expedia Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Bank of America cut shares of Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 target price for the company. in a research note on Friday, February 9th. JPMorgan Chase & Co. raised their price target on Expedia Group from $115.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Mizuho upped their price objective on Expedia Group from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Finally, Oppenheimer restated an “outperform” rating and set a $175.00 target price on shares of Expedia Group in a research report on Monday, April 29th. Fifteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $148.08.

Expedia Group Stock Down 15.3 %

NASDAQ EXPE opened at $115.33 on Friday. The business has a fifty day moving average price of $133.81 and a 200 day moving average price of $134.96. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $15.72 billion, a P/E ratio of 21.60, a P/E/G ratio of 0.42 and a beta of 1.83. Expedia Group has a one year low of $87.94 and a one year high of $160.05.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.10. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Expedia Group had a net margin of 6.18% and a return on equity of 38.69%. Research analysts anticipate that Expedia Group will post 9.7 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Lance A. Soliday sold 5,119 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the sale, the chief accounting officer now owns 10,880 shares in the company, valued at $1,492,844.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ValueAct Holdings L.P. acquired a new position in shares of Expedia Group in the fourth quarter worth about $645,346,000. Norges Bank bought a new position in Expedia Group in the 4th quarter valued at about $334,632,000. Norden Group LLC acquired a new position in Expedia Group during the first quarter worth about $40,976,000. Kodai Capital Management LP bought a new position in shares of Expedia Group in the fourth quarter valued at $38,072,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Expedia Group by 242.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 262,519 shares of the online travel company’s stock valued at $27,058,000 after purchasing an additional 185,880 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.