Expedia Group, Inc. (NASDAQ:EXPE) Receives Consensus Rating of “Hold” from Brokerages

Expedia Group, Inc. (NASDAQ:EXPE) has been given an average recommendation of “Hold” by the twenty-six ratings firms that are currently covering the company, MarketBeat reports. Nineteen research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $150.85.

Several research firms have recently weighed in on EXPE. Barclays reduced their price objective on shares of Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. StockNews.com lowered shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $140.00 price target on shares of Expedia Group in a report on Friday, August 9th. BTIG Research raised their price objective on Expedia Group from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Benchmark reaffirmed a “buy” rating and set a $180.00 target price on shares of Expedia Group in a research report on Friday, August 9th.

Insider Transactions at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the completion of the transaction, the director now owns 198,505 shares of the company’s stock, valued at $29,811,480.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $150.18, for a total value of $1,501,800.00. Following the completion of the transaction, the director now owns 198,505 shares of the company’s stock, valued at $29,811,480.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 completion of the transaction, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,019 shares of company stock valued at $5,390,191. Corporate insiders own 8.07% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Syon Capital LLC bought a new stake in shares of Expedia Group during the fourth quarter worth about $337,000. Kapitalo Investimentos Ltda increased its holdings in Expedia Group by 78.0% during the 4th quarter. Kapitalo Investimentos Ltda now owns 1,036 shares of the online travel company’s stock worth $157,000 after purchasing an additional 454 shares in the last quarter. Emprise Bank purchased a new stake in shares of Expedia Group in the first quarter worth approximately $208,000. Mather Group LLC. bought a new position in shares of Expedia Group in the first quarter valued at approximately $52,000. Finally, Alaska Permanent Fund Corp purchased a new position in shares of Expedia Group during the first quarter valued at approximately $905,000. 90.76% of the stock is owned by institutional investors.

Expedia Group Price Performance

NASDAQ EXPE opened at $150.41 on Tuesday. The company has a 50-day moving average price of $138.45 and a two-hundred day moving average price of $129.46. Expedia Group has a 52 week low of $92.48 and a 52 week high of $160.05. The stock has a market cap of $20.50 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45.

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

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.