Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) has received a consensus rating of "Hold" from the thirty research firms that are covering the company, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $166.42.
Several equities research analysts have commented on EXPE shares. JMP Securities reiterated a "mkt perform" rating on shares of Expedia Group in a research report on Wednesday, June 22nd. The Goldman Sachs Group dropped their price target on shares of Expedia Group from $206.00 to $173.00 and set a "buy" rating on the stock in a research report on Thursday, June 9th. Evercore ISI dropped their price target on Expedia Group from $222.00 to $154.00 and set an "in-line" rating on the stock in a research note on Thursday, July 7th. Susquehanna Bancshares dropped their price target on Expedia Group from $145.00 to $115.00 and set a "neutral" rating on the stock in a research note on Friday, August 12th. Finally, JPMorgan Chase & Co. dropped their price target on Expedia Group from $206.00 to $125.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 29th.
Get Expedia Group alerts:Insiders Place Their Bets
In other news, Director Jonathan L. Dolgen sold 1,000 shares of the firm's stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $101.55, for a total transaction of $101,550.00. Following the transaction, the director now owns 37,779 shares in the company, valued at approximately $3,836,457.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jonathan L. Dolgen sold 1,000 shares of the firm's stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $101.55, for a total transaction of $101,550.00. Following the transaction, the director now owns 37,779 shares in the company, valued at approximately $3,836,457.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 636 shares of the firm's stock in a transaction on Monday, August 15th. The shares were sold at an average price of $114.04, for a total transaction of $72,529.44. Following the transaction, the chief accounting officer now owns 8,949 shares in the company, valued at approximately $1,020,543.96. The disclosure for this sale can be found here. Insiders own 7.52% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of EXPE. Capital Wealth Alliance LLC bought a new position in shares of Expedia Group during the 2nd quarter valued at $12,058,000. Bank of Nova Scotia grew its stake in Expedia Group by 5,265.1% in the 1st quarter. Bank of Nova Scotia now owns 1,504,849 shares of the online travel company's stock valued at $294,454,000 after buying an additional 1,476,800 shares during the last quarter. Third Point LLC acquired a new position in Expedia Group in the 4th quarter valued at $236,266,000. Arrowstreet Capital Limited Partnership grew its stake in Expedia Group by 187.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,921,028 shares of the online travel company's stock valued at $375,888,000 after buying an additional 1,251,933 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Expedia Group by 727.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,423,993 shares of the online travel company's stock valued at $135,037,000 after buying an additional 1,251,800 shares during the last quarter. Institutional investors own 97.43% of the company's stock.Expedia Group Price Performance
Shares of NASDAQ EXPE opened at $91.26 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.99. The firm's 50-day simple moving average is $104.65 and its 200 day simple moving average is $130.41. Expedia Group has a fifty-two week low of $88.70 and a fifty-two week high of $217.72. The stock has a market cap of $14.38 billion, a P/E ratio of 45.40, a P/E/G ratio of 1.29 and a beta of 1.58.
Expedia Group (NASDAQ:EXPE – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The online travel company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.57 by $0.39. Expedia Group had a net margin of 4.26% and a return on equity of 22.14%. The firm had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $2.99 billion. During the same period in the previous year, the business earned ($1.77) earnings per share. Expedia Group's revenue for the quarter was up 50.7% compared to the same quarter last year. Equities analysts expect that Expedia Group will post 5.04 EPS for the current year.
Expedia Group Company Profile
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Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.
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