Expedia Group (NASDAQ:EXPE) Earns Neutral Rating from DA Davidson

DA Davidson reiterated their neutral rating on shares of Expedia Group (NASDAQ:EXPE) in a research note published on Friday, Benzinga reports. They currently have a $135.00 price objective on the online travel company’s stock, down from their prior price objective of $152.00.

Other equities analysts also recently issued research reports about the company. Mizuho cut their target price on Expedia Group from $140.00 to $135.00 and set a neutral rating for the company in a research report on Friday. BMO Capital Markets downgraded shares of Expedia Group from an outperform rating to a market perform rating and reduced their target price for the company from $165.00 to $145.00 in a research note on Friday. 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 report on Friday, February 9th. Jefferies Financial Group reduced their price target on shares of Expedia Group from $150.00 to $145.00 and set a hold rating on the stock in a research report on Tuesday, March 19th. Finally, Wedbush dropped their price objective on shares of Expedia Group from $130.00 to $125.00 and set a neutral rating for the company in a report on Friday. Sixteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Expedia Group presently has a consensus rating of Hold and an average price target of $148.40.

Expedia Group Trading Up 0.6 %

Shares of Expedia Group stock opened at $116.02 on Friday. The company’s fifty day moving average price is $133.43 and its two-hundred day moving average price is $135.60. The firm has a market capitalization of $15.81 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 0.35 and a beta of 1.83. Expedia Group has a 52-week low of $88.81 and a 52-week high of $160.05. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.78.

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 analysts’ consensus estimates of $1.08 by $0.10. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. On average, analysts expect that Expedia Group will post 9.7 EPS for the current year.

Insider Activity

In related 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 of the company’s stock, valued at approximately $1,492,844.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EXPE. SVB Wealth LLC lifted its position in Expedia Group by 8.9% in the 3rd quarter. SVB Wealth LLC now owns 3,598 shares of the online travel company’s stock valued at $371,000 after acquiring an additional 294 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Expedia Group by 35.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 17,303 shares of the online travel company’s stock worth $1,783,000 after buying an additional 4,505 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Expedia Group by 3.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 80,635 shares of the online travel company’s stock worth $8,311,000 after buying an additional 2,390 shares in the last quarter. Brown Advisory Inc. raised its position in Expedia Group by 105.2% in the 3rd quarter. Brown Advisory Inc. now owns 33,257 shares of the online travel company’s stock valued at $3,428,000 after buying an additional 17,050 shares during the last quarter. Finally, Forsta AP Fonden lifted its stake in Expedia Group by 24.3% in the 3rd quarter. Forsta AP Fonden now owns 78,200 shares of the online travel company’s stock valued at $8,060,000 after acquiring an additional 15,300 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.