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

Expedia Group (NASDAQ:EXPE) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday.

Several other equities analysts have also recently issued reports on EXPE. Benchmark upped their target price on shares of Expedia Group from $265.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, November 7th. BTIG Research increased their price objective on shares of Expedia Group from $275.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Expedia Group from $225.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Cantor Fitzgerald boosted their target price on shares of Expedia Group from $220.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Finally, UBS Group increased their price target on Expedia Group from $209.00 to $234.00 and gave the company a “neutral” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $278.68.

Expedia Group Price Performance

Shares of EXPE opened at $296.33 on Friday. Expedia Group has a twelve month low of $130.01 and a twelve month high of $303.80. The company has a market capitalization of $36.31 billion, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 1.07 and a beta of 1.43. The firm has a 50 day moving average of $267.43 and a 200 day moving average of $226.02. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates of $7.10 by $0.47. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.28 billion. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $6.13 EPS. As a group, equities research analysts anticipate that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Expedia Group

In related news, Director Madhumita Moina Banerjee sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $258.00, for a total transaction of $258,000.00. Following the completion of the transaction, the director directly owned 2,916 shares in the company, valued at approximately $752,328. The trade was a 25.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $271.55, for a total transaction of $814,650.00. Following the completion of the sale, the director directly owned 30,858 shares of the company’s stock, valued at $8,379,489.90. This represents a 8.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 4,849 shares of company stock valued at $1,283,270. Company insiders own 9.13% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Hedge funds have recently modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of Expedia Group during the 4th quarter valued at $408,000. NewEdge Advisors LLC raised its holdings in Expedia Group by 5.0% during the first quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock valued at $917,000 after acquiring an additional 259 shares during the period. Intech Investment Management LLC lifted its position in shares of Expedia Group by 166.0% in the first quarter. Intech Investment Management LLC now owns 15,117 shares of the online travel company’s stock valued at $2,541,000 after acquiring an additional 9,434 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Expedia Group by 117.4% in the first quarter. Geneos Wealth Management Inc. now owns 576 shares of the online travel company’s stock worth $97,000 after acquiring an additional 311 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Expedia Group during the first quarter worth about $972,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Company Profile

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.