Expedia Group (NASDAQ:EXPE) Stock Rating Lowered by StockNews.com

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

EXPE has been the subject of several other research reports. Barclays dropped their price target on shares of Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. DA Davidson reiterated a “neutral” rating and issued a $135.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. UBS Group lifted their target price on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday. TD Cowen cut Expedia Group from a “buy” rating to a “hold” rating and increased their price target for the stock from $130.00 to $150.00 in a report on Wednesday, September 25th. Finally, Benchmark reissued a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. Nineteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group has a consensus rating of “Hold” and a consensus price target of $152.54.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $158.39 on Thursday. The business’s 50 day moving average price is $143.75 and its 200 day moving average price is $130.90. The company has a market cap of $21.59 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 0.60 and a beta of 1.79. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. Expedia Group has a one year low of $92.48 and a one year high of $164.65.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $3.53 billion. During the same quarter in the previous year, the firm earned $2.34 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts predict that Expedia Group will post 8.98 EPS for the current year.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction 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 sale, the insider now directly owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the sale, 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,019 shares of company stock valued at $5,390,191. Insiders own 8.07% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. ORG Partners LLC boosted its stake in Expedia Group by 4,525.0% in the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 181 shares in the last quarter. Innealta Capital LLC purchased a new position in Expedia Group during the 2nd quarter worth approximately $27,000. Blue Trust Inc. increased its position in Expedia Group by 93.8% during the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after buying an additional 105 shares during the period. Crewe Advisors LLC purchased a new stake in Expedia Group in the first quarter valued at approximately $40,000. Finally, LRI Investments LLC purchased a new stake in Expedia Group in the first quarter valued at approximately $48,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Company Profile

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.