Expedia Group (NASDAQ:EXPE) Earns “Neutral” Rating from Cantor Fitzgerald

Expedia Group (NASDAQ:EXPE)‘s stock had its “neutral” rating reissued by investment analysts at Cantor Fitzgerald in a report released on Thursday,Benzinga reports. They currently have a $170.00 target price on the online travel company’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 2.00% from the company’s previous close.

A number of other research analysts have also issued reports on EXPE. Piper Sandler lowered shares of Expedia Group from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $174.00 to $135.00 in a research note on Friday, May 9th. Wells Fargo & Company increased their price objective on shares of Expedia Group from $143.00 to $149.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. Bank of America increased their price objective on shares of Expedia Group from $205.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Oppenheimer reduced their price target on shares of Expedia Group from $230.00 to $210.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Finally, Hsbc Global Res raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $186.35.

Expedia Group Trading Up 0.3%

Shares of Expedia Group stock opened at $166.66 on Thursday. The firm has a 50-day simple moving average of $160.47 and a two-hundred day simple moving average of $175.93. The company has a market cap of $21.48 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the business earned $0.21 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities analysts predict that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the sale, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Expedia Group during the fourth quarter valued at approximately $670,565,000. Nuveen LLC acquired a new stake in Expedia Group in the first quarter valued at $227,174,000. Los Angeles Capital Management LLC increased its position in shares of Expedia Group by 3,369.4% during the first quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company’s stock worth $172,995,000 after purchasing an additional 999,454 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Expedia Group by 174.0% during the first quarter. AQR Capital Management LLC now owns 1,444,283 shares of the online travel company’s stock worth $235,592,000 after purchasing an additional 917,192 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in Expedia Group in the 1st quarter valued at about $82,975,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

About Expedia Group

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.