Expedia Group (EXPE) Lowered to “Sell” at BidaskClub

Expedia Group (NASDAQ:EXPE) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Other equities analysts have also issued reports about the company. Guggenheim reiterated a “buy” rating and issued a $160.00 price objective on shares of Expedia Group in a research report on Friday, July 27th. Credit Suisse Group boosted their price objective on Expedia Group from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Cowen set a $155.00 price objective on Expedia Group and gave the company a “buy” rating in a research report on Friday, July 27th. DA Davidson set a $160.00 price objective on Expedia Group and gave the company a “buy” rating in a research report on Friday, July 27th. Finally, KeyCorp boosted their price objective on Expedia Group from $140.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, July 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have assigned a buy rating to the stock. Expedia Group has an average rating of “Buy” and an average target price of $148.19.

Shares of EXPE opened at $122.59 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.74 and a quick ratio of 0.74. Expedia Group has a 52-week low of $98.52 and a 52-week high of $154.24. The company has a market capitalization of $19.52 billion, a P/E ratio of 32.95, a price-to-earnings-growth ratio of 1.84 and a beta of 1.34.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, July 26th. The online travel company reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.83. Expedia Group had a return on equity of 9.48% and a net margin of 2.54%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same period in the previous year, the firm earned $0.89 EPS. Expedia Group’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities analysts forecast that Expedia Group will post 4.42 EPS for the current year.

In other news, insider Lance A. Soliday sold 3,269 shares of the stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $138.07, for a total value of $451,350.83. Following the completion of the sale, the insider now owns 7,143 shares of the company’s stock, valued at approximately $986,234.01. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Craig A. Jacobson sold 3,500 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $133.48, for a total value of $467,180.00. Following the completion of the sale, the director now directly owns 31,764 shares of the company’s stock, valued at approximately $4,239,858.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,316 shares of company stock valued at $1,125,813. Insiders own 20.96% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IMA Wealth Inc. bought a new stake in Expedia Group in the 2nd quarter valued at $105,000. Dupont Capital Management Corp raised its stake in Expedia Group by 62.8% in the 2nd quarter. Dupont Capital Management Corp now owns 1,410 shares of the online travel company’s stock valued at $169,000 after acquiring an additional 544 shares during the period. Hilltop Holdings Inc. bought a new stake in Expedia Group in the 2nd quarter valued at $206,000. Raymond James Trust N.A. bought a new stake in Expedia Group in the 2nd quarter valued at $208,000. Finally, Roberts Glore & Co. Inc. IL bought a new stake in Expedia Group in the 2nd quarter valued at $209,000. 79.43% of the stock is owned by institutional investors.

Expedia Group Company Profile

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, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

Recommended Story: How to Invest in the Dividend Aristocrat Index

Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

Receive News & Ratings for Expedia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply