Expedia Group, Inc. (NASDAQ:EXPE) Receives Average Recommendation of “Hold” from Brokerages

Shares of Expedia Group, Inc. (NASDAQ:EXPE) have been given a consensus recommendation of “Hold” by the thirty-two brokerages that are presently covering the stock, MarketBeat.com reports. Twenty analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $175.96.

EXPE has been the subject of several research reports. Benchmark lifted their price target on shares of Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Oppenheimer lifted their price target on shares of Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Bank of America raised shares of Expedia Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $187.00 to $221.00 in a report on Wednesday, December 18th. Wells Fargo & Company decreased their price target on shares of Expedia Group from $172.00 to $168.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Finally, UBS Group lifted their price target on shares of Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the sale, the insider now directly owns 85,250 shares in the company, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the transaction, the director now owns 188,505 shares of the company’s stock, valued at approximately $29,570,779.35. The trade was a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,951 shares of company stock worth $5,045,310. 6.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Expedia Group

Several large investors have recently bought and sold shares of the stock. Windacre Partnership LLC raised its stake in shares of Expedia Group by 49.5% in the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after buying an additional 1,431,500 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Expedia Group by 22.5% in the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after buying an additional 596,510 shares in the last quarter. Alkeon Capital Management LLC raised its stake in shares of Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after buying an additional 498,934 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Expedia Group by 1,649.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock valued at $51,354,000 after buying an additional 384,305 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Expedia Group in the 2nd quarter valued at $39,183,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Price Performance

Shares of EXPE stock opened at $173.65 on Thursday. The firm has a market cap of $22.29 billion, a P/E ratio of 22.35, a P/E/G ratio of 0.84 and a beta of 1.83. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group has a 1-year low of $107.25 and a 1-year high of $192.34. The firm has a fifty day moving average of $184.71 and a two-hundred day moving average of $156.99.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, November 7th. The online travel company reported $5.18 earnings per share for the quarter, missing the consensus estimate of $5.42 by ($0.24). Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period in the prior year, the business earned $4.85 earnings per share. As a group, research analysts anticipate that Expedia Group will post 8.76 earnings per share for the current fiscal year.

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.