Expedia Group (NASDAQ:EXPE) Rating Increased to Hold at BidaskClub

Expedia Group (NASDAQ:EXPE) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, May 1st, BidAskClub reports.

EXPE has been the subject of a number of other research reports. Zacks Investment Research raised shares of Expedia Group from a “sell” rating to a “hold” rating in a research report on Monday, January 21st. SunTrust Banks reaffirmed a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research report on Monday, February 4th. Morgan Stanley cut shares of Expedia Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $150.00 to $125.00 in a research note on Wednesday, January 9th. Piper Jaffray Companies reissued an “overweight” rating and issued a $165.00 target price on shares of Expedia Group in a research note on Friday, February 8th. Finally, Credit Suisse Group upped their target price on shares of Expedia Group from $145.00 to $150.00 in a research note on Friday, February 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $146.90.

Expedia Group stock opened at $116.26 on Wednesday. The firm has a market cap of $17.23 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 1.68 and a beta of 0.96. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.72. Expedia Group has a fifty-two week low of $108.11 and a fifty-two week high of $139.77.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, May 2nd. The online travel company reported ($0.27) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.61) by $0.34. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.69 billion. Expedia Group had a net margin of 3.89% and a return on equity of 13.41%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.36) earnings per share. Equities analysts forecast that Expedia Group will post 5.76 earnings per share for the current fiscal year.

In related news, CAO Lance A. Soliday sold 1,635 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 6,644 shares in the company, valued at $827,576.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark D. Okerstrom sold 5,531 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $128.65, for a total transaction of $711,563.15. Following the completion of the transaction, the insider now owns 69,813 shares in the company, valued at $8,981,442.45. The disclosure for this sale can be found here. Insiders have sold 12,697 shares of company stock worth $1,615,775 over the last three months. 20.96% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in EXPE. LPL Financial LLC raised its position in shares of Expedia Group by 27.0% in the 3rd quarter. LPL Financial LLC now owns 6,885 shares of the online travel company’s stock worth $898,000 after buying an additional 1,462 shares during the period. Advisors Asset Management Inc. raised its position in Expedia Group by 41.0% in the third quarter. Advisors Asset Management Inc. now owns 6,372 shares of the online travel company’s stock valued at $831,000 after purchasing an additional 1,854 shares during the period. Kentucky Retirement Systems purchased a new position in Expedia Group in the third quarter valued at about $592,000. TIAA CREF Investment Management LLC raised its position in 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. Finally, Standard Life Aberdeen plc raised its position in Expedia Group by 31.1% in the third quarter. Standard Life Aberdeen plc now owns 205,931 shares of the online travel company’s stock valued at $26,870,000 after purchasing an additional 48,803 shares during the period. Institutional investors and hedge funds own 80.53% 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.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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