Expedia Group (NASDAQ:EXPE) Rating Reiterated by Benchmark

Benchmark restated their buy rating on shares of Expedia Group (NASDAQ:EXPE) in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a $180.00 target price on the online travel company’s stock.

A number of other research firms have also issued reports on EXPE. B. Riley decreased their target price on Expedia Group from $200.00 to $190.00 and set a buy rating for the company in a report on Friday. Piper Sandler cut Expedia Group from an overweight rating to a neutral rating and decreased their price objective for the company from $175.00 to $145.00 in a research note on Friday. Jefferies Financial Group cut their target price on shares of Expedia Group from $150.00 to $145.00 and set a hold rating on the stock in a research note on Tuesday, March 19th. Wells Fargo & Company decreased their price target on shares of Expedia Group from $159.00 to $155.00 and set an equal weight rating for the company in a research note on Friday, February 9th. Finally, Evercore ISI dropped their price objective on shares of Expedia Group from $190.00 to $175.00 and set an outperform rating on the stock in a research report on Friday. Sixteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $148.40.

Expedia Group Stock Up 0.6 %

Shares of NASDAQ:EXPE opened at $116.02 on Friday. The firm’s 50-day moving average is $133.43 and its two-hundred day moving average is $135.60. 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 has a 1 year low of $88.81 and a 1 year high of $160.05. 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 (NASDAQ:EXPE) last released its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 41.63%. Analysts predict that Expedia Group will post 9.7 EPS for the current year.

Insider Activity at Expedia Group

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

Institutional Trading of Expedia Group

Large investors have recently modified their holdings of the business. Amalgamated Bank lifted its stake in Expedia Group by 22.3% in the 4th quarter. Amalgamated Bank now owns 47,184 shares of the online travel company’s stock valued at $7,162,000 after buying an additional 8,595 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Expedia Group by 115.8% in the fourth quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock worth $5,967,000 after acquiring an additional 21,095 shares during the last quarter. Raymond James & Associates lifted its position in shares of Expedia Group by 6.4% in the fourth quarter. Raymond James & Associates now owns 263,351 shares of the online travel company’s stock valued at $39,974,000 after acquiring an additional 15,759 shares in the last quarter. AustralianSuper Pty Ltd boosted its stake in shares of Expedia Group by 14.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 355,871 shares of the online travel company’s stock valued at $54,018,000 after acquiring an additional 43,820 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Expedia Group by 7.9% during the 3rd quarter. AQR Capital Management LLC now owns 769,665 shares of the online travel company’s stock worth $79,329,000 after purchasing an additional 56,186 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.