Expedia Group (NASDAQ:EXPE) Cut to Hold at Wall Street Zen

Expedia Group (NASDAQ:EXPE) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Other analysts have also recently issued reports about the stock. Barclays boosted their price objective on shares of Expedia Group from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Friday, May 9th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $170.00 price target on shares of Expedia Group in a research report on Thursday, May 15th. Truist Financial dropped their target price on shares of Expedia Group from $175.00 to $168.00 and set a “hold” rating on the stock in a report on Tuesday, June 24th. Wells Fargo & Company raised their target price on shares of Expedia Group from $149.00 to $178.00 and gave the company an “equal weight” rating in a research note on Monday, July 7th. Finally, Benchmark dropped their price target on Expedia Group from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $187.19.

Expedia Group Stock Up 1.6%

EXPE stock opened at $184.93 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. The company has a market cap of $23.51 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 0.88 and a beta of 1.57. The firm has a 50-day moving average of $170.27 and a two-hundred day moving average of $172.46. Expedia Group has a 12 month low of $110.20 and a 12 month high of $207.73.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the previous year, the company posted $0.21 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, analysts forecast that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Expedia Group

Several institutional investors have recently added to or reduced their stakes in the business. First Pacific Financial boosted its position in Expedia Group by 60.0% in the second quarter. First Pacific Financial now owns 240 shares of the online travel company’s stock worth $40,000 after purchasing an additional 90 shares during the last quarter. QTR Family Wealth LLC purchased a new stake in shares of Expedia Group during the 2nd quarter worth $281,000. One Wealth Advisors LLC increased its position in Expedia Group by 15.2% during the 2nd quarter. One Wealth Advisors LLC now owns 3,618 shares of the online travel company’s stock valued at $610,000 after buying an additional 477 shares in the last quarter. Poinciana Advisors Group LLC acquired a new position in shares of Expedia Group in the second quarter valued at about $202,000. Finally, Washington Capital Management Inc. purchased a new stake in shares of Expedia Group in the second quarter worth about $422,000. 90.76% of the stock is 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.