Expedia Group (NASDAQ:EXPE) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Monday, February 25th.
Other research analysts have also recently issued reports about the company. Zacks Investment Research reaffirmed a “buy” rating and set a $136.00 price objective on shares of Expedia Group in a research note on Tuesday, November 13th. TheStreet cut Expedia Group from a “b” rating to a “c+” rating in a research note on Wednesday, November 14th. Telsey Advisory Group initiated coverage on shares of Expedia Group in a report on Wednesday, November 28th. They issued a “market perform” rating and a $115.00 price objective for the company. They noted that the move was a valuation call. Goldman Sachs Group upgraded shares of Expedia Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $125.00 to $140.00 in a report on Friday, January 4th. Finally, Morgan Stanley lowered shares of Expedia Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $150.00 to $125.00 in a report on Wednesday, January 9th. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $146.94.
Shares of EXPE stock traded down $2.46 during trading on Monday, hitting $121.64. The company’s stock had a trading volume of 1,219,551 shares, compared to its average volume of 1,472,319. The firm has a market cap of $18.27 billion, a PE ratio of 25.29, a P/E/G ratio of 1.54 and a beta of 0.94. Expedia Group has a 52 week low of $104.16 and a 52 week high of $139.77. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.66.
Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 7th. The online travel company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.50. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.55 billion. Expedia Group had a return on equity of 12.96% and a net margin of 3.62%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. On average, research analysts expect that Expedia Group will post 6.03 earnings per share for the current year.
In other news, CAO Lance A. Soliday sold 1,635 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $124.56, for a total value of $203,655.60. Following the sale, the chief accounting officer now owns 6,644 shares in the company, valued at $827,576.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $125.17, for a total transaction of $6,258,500.00. Following the completion of the sale, the director now owns 462,910 shares in the company, valued at approximately $57,942,444.70. The disclosure for this sale can be found here. Insiders sold a total of 125,508 shares of company stock valued at $15,999,089 in the last ninety days. Corporate insiders own 20.96% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Expedia Group by 3.3% during the fourth quarter. BlackRock Inc. now owns 7,832,787 shares of the online travel company’s stock valued at $882,363,000 after buying an additional 250,021 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of Expedia Group by 4.7% in the third quarter. TIAA CREF Investment Management LLC now owns 3,379,276 shares of the online travel company’s stock valued at $440,928,000 after purchasing an additional 152,165 shares during the period. Winslow Capital Management LLC grew its position in shares of Expedia Group by 25.2% in the third quarter. Winslow Capital Management LLC now owns 1,930,406 shares of the online travel company’s stock valued at $251,880,000 after purchasing an additional 389,022 shares during the period. Geode Capital Management LLC grew its position in shares of Expedia Group by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 1,558,162 shares of the online travel company’s stock valued at $175,222,000 after purchasing an additional 104,159 shares during the period. Finally, Northern Trust Corp grew its position in shares of Expedia Group by 2.8% in the fourth quarter. Northern Trust Corp now owns 1,385,819 shares of the online travel company’s stock valued at $156,112,000 after purchasing an additional 37,368 shares during the period. Institutional investors own 78.81% of the company’s stock.
About Expedia Group
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
Further Reading: Cost of Debt
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