Expedia Group (NASDAQ:EXPE) Rating Lowered to Buy at StockNews.com

Expedia Group (NASDAQ:EXPE) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

A number of other analysts have also recently weighed in on EXPE. Oppenheimer raised their price objective on Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays raised their price objective on Expedia Group from $134.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Friday. UBS Group raised their price objective on Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $140.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. Finally, Jefferies Financial Group raised their price objective on Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Twenty analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $159.88.

Expedia Group Trading Up 3.8 %

Shares of NASDAQ:EXPE opened at $180.76 on Friday. Expedia Group has a 12-month low of $107.25 and a 12-month high of $190.40. The business’s fifty day simple moving average is $149.81 and its 200-day simple moving average is $133.47. The company has a market capitalization of $23.53 billion, a PE ratio of 23.26, a P/E/G ratio of 0.62 and a beta of 1.78. 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 announced its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same period last year, the business posted $2.34 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts predict that Expedia Group will post 8.99 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the completion of the transaction, the director now owns 208,505 shares in the company, valued at $31,319,536.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the completion of the transaction, the director now owns 208,505 shares in the company, valued at $31,319,536.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.60, for a total value 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,019 shares of company stock valued at $6,958,891 in the last quarter. 6.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Expedia Group

Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. increased its stake in Expedia Group by 36.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after buying an additional 714,229 shares in the last quarter. Acadian Asset Management LLC increased its stake in Expedia Group by 414.4% during the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock worth $94,512,000 after buying an additional 552,831 shares in the last quarter. Point72 Asset Management L.P. increased its stake 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 buying an additional 384,305 shares in the last quarter. AustralianSuper Pty Ltd increased its stake 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 buying an additional 354,389 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Expedia Group during the 2nd quarter worth approximately $39,183,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

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.