Expedia Group (NASDAQ:EXPE) Cut to Buy at StockNews.com

Expedia Group (NASDAQ:EXPE) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other equities analysts also recently commented on EXPE. Wells Fargo & Company boosted their price objective on Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price objective on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday. Oppenheimer boosted their target price on Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup boosted their target price on Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Finally, Susquehanna boosted their target price on Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Twenty equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $159.88.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $180.76 on Friday. The stock’s 50-day simple moving average is $149.81 and its 200-day simple moving average is $133.47. Expedia Group has a 52 week low of $107.25 and a 52 week high of $190.40. The company has a market capitalization of $23.53 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 0.62 and a beta of 1.78. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, beating the consensus estimate of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same period in the previous year, the business earned $2.34 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. As a group, analysts expect that Expedia Group will post 8.99 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the transaction, the director now owns 188,505 shares of the company’s stock, valued at approximately $29,570,779.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now owns 84,543 shares of the company’s stock, valued at $11,379,487.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the transaction, the director now owns 188,505 shares in the company, valued at $29,570,779.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,019 shares of company stock valued at $6,958,891. 6.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in Expedia Group during the 2nd quarter worth $27,000. Blue Trust Inc. increased its holdings in Expedia Group by 93.8% during the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after purchasing an additional 105 shares during the period. Crewe Advisors LLC purchased a new position in Expedia Group during the 1st quarter worth $40,000. LRI Investments LLC purchased a new position in Expedia Group during the 1st quarter worth $48,000. Finally, Cedar Wealth Management LLC purchased a new position in Expedia Group during the 1st quarter worth $49,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

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.