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

Expedia Group (NASDAQ:EXPE)‘s stock had its “neutral” rating restated by equities researchers at Cantor Fitzgerald in a research note issued on Monday, Benzinga reports. They presently have a $130.00 price objective on the online travel company’s stock. Cantor Fitzgerald’s price target would suggest a potential downside of 9.14% from the company’s current price.

Several other brokerages have also issued reports on EXPE. Barclays cut their price target on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Wells Fargo & Company reduced their price target on shares of Expedia Group from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. UBS Group lowered their price objective on shares of Expedia Group from $140.00 to $137.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a report on Friday, August 9th. Finally, Truist Financial assumed coverage on shares of Expedia Group in a report on Friday, September 6th. They issued a “hold” rating and a $148.00 target price on the stock. Eighteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $148.00.

Expedia Group Trading Down 0.7 %

Shares of EXPE stock traded down $0.97 during trading hours on Monday, hitting $143.07. 162,278 shares of the company were exchanged, compared to its average volume of 2,290,357. The company has a 50 day simple moving average of $131.94 and a two-hundred day simple moving average of $128.02. The firm has a market cap of $19.50 billion, a P/E ratio of 26.79, a P/E/G ratio of 0.51 and a beta of 1.79. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. Expedia Group has a fifty-two week low of $92.48 and a fifty-two week high of $160.05.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, topping analysts’ consensus estimates of $3.17 by $0.34. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same period last year, the company posted $2.34 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts anticipate that Expedia Group will post 8.98 EPS for the current year.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the sale, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the transaction, the insider now owns 89,960 shares in the company, valued at $11,829,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the sale, the insider now owns 84,543 shares in the company, valued at $11,379,487.80. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several hedge funds have recently made changes to their positions in EXPE. ValueAct Holdings L.P. bought a new position in Expedia Group in the 4th quarter worth about $645,346,000. Pacer Advisors Inc. boosted its position in shares of Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after acquiring an additional 714,229 shares during the period. Acadian Asset Management LLC grew its stake in Expedia Group by 414.4% during the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock valued at $94,512,000 after acquiring an additional 552,831 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Expedia Group by 1,649.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after acquiring an additional 384,305 shares during the period. Finally, AustralianSuper Pty Ltd increased its holdings in Expedia Group by 88.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after acquiring an additional 354,389 shares during the period. 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.