Expedia Group (NASDAQ:EXPE) Upgraded at StockNews.com

StockNews.com upgraded shares of Expedia Group (NASDAQ:EXPE) from a buy rating to a strong-buy rating in a research report released on Friday morning.

Several other research firms have also weighed in on EXPE. Piper Sandler reissued a “neutral” rating and set a $140.00 price objective (down from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Susquehanna raised their target price on Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Barclays decreased their target price on 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. Jefferies Financial Group lifted their price objective on Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen cut Expedia Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $130.00 to $150.00 in a research report on Wednesday, September 25th. Nineteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $152.54.

Expedia Group Stock Performance

EXPE opened at $159.40 on Friday. The firm has a market cap of $20.75 billion, a PE ratio of 28.46, a P/E/G ratio of 0.61 and a beta of 1.78. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. The business has a fifty day simple moving average of $146.71 and a 200-day simple moving average of $132.08. Expedia Group has a fifty-two week low of $93.19 and a fifty-two week high of $164.65.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.34. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $2.34 EPS. As a group, equities analysts predict that Expedia Group will post 8.99 EPS for the current fiscal year.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated 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 in the company, valued at $29,811,480.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,019 shares of company stock worth $5,390,191. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Institutional investors have recently added to or reduced their stakes in the company. DoubleLine ETF Adviser LP acquired a new stake in Expedia Group during the second quarter worth about $465,000. Sumitomo Mitsui Trust Holdings Inc. grew its position in Expedia Group by 1.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock worth $47,302,000 after buying an additional 6,432 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Expedia Group by 18.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock worth $21,333,000 after buying an additional 23,939 shares in the last quarter. Swedbank AB grew its position in Expedia Group by 5.0% during the second quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock worth $21,302,000 after buying an additional 8,026 shares in the last quarter. Finally, Forsta AP Fonden grew its position in Expedia Group by 26.6% during the third quarter. Forsta AP Fonden now owns 42,300 shares of the online travel company’s stock worth $6,261,000 after buying an additional 8,900 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

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.