DA Davidson cut shares of Expedia Group (NASDAQ:EXPE) from a buy rating to a neutral rating in a research report released on Thursday morning, Briefing.com Automated Import reports. DA Davidson currently has $130.00 price target on the online travel company’s stock, down from their previous price target of $162.00.
EXPE has been the subject of a number of other research reports. Piper Jaffray Companies downgraded shares of Expedia Group from an overweight rating to a neutral rating and decreased their price objective for the stock from $160.00 to $124.00 in a report on Thursday. BidaskClub downgraded shares of Expedia Group from a buy rating to a hold rating in a report on Tuesday, October 29th. Stifel Nicolaus reaffirmed a hold rating and issued a $135.00 price objective on shares of Expedia Group in a report on Friday, July 26th. Cowen raised their target price on Expedia Group from $155.00 to $165.00 and gave the company an outperform rating in a research note on Friday, July 26th. Finally, SunTrust Banks set a $188.00 target price on Expedia Group and gave the company a buy rating in a research note on Friday, September 13th. Nineteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $144.52.
Shares of EXPE traded up $3.03 during mid-day trading on Thursday, reaching $101.32. 10,007,700 shares of the stock traded hands, compared to its average volume of 1,732,978. The firm has a market cap of $20.20 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 1.68 and a beta of 1.09. The stock has a fifty day simple moving average of $133.97 and a 200 day simple moving average of $129.36. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.71. Expedia Group has a 12-month low of $97.05 and a 12-month high of $144.00.
Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Wednesday, November 6th. The online travel company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.18). The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.57 billion. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.65 EPS. On average, equities research analysts expect that Expedia Group will post 5.72 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 19th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Monday, November 18th. Expedia Group’s payout ratio is 28.27%.
In related news, Director Dara Khosrowshahi sold 50,000 shares of Expedia Group stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $132.98, for a total transaction of $6,649,000.00. Following the sale, the director now directly owns 477,677 shares in the company, valued at $63,521,487.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lance A. Soliday sold 2,724 shares of Expedia Group stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $127.93, for a total transaction of $348,481.32. Following the sale, the insider now owns 8,009 shares in the company, valued at $1,024,591.37. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 111,946 shares of company stock worth $14,878,704. Company insiders own 2.10% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. MUFG Americas Holdings Corp raised its stake in shares of Expedia Group by 116.1% during the third quarter. MUFG Americas Holdings Corp now owns 2,295 shares of the online travel company’s stock valued at $308,000 after purchasing an additional 1,233 shares in the last quarter. Rational Advisors LLC raised its position in Expedia Group by 236.4% in the third quarter. Rational Advisors LLC now owns 5,201 shares of the online travel company’s stock worth $699,000 after acquiring an additional 3,655 shares in the last quarter. Corient Capital Partners LLC bought a new stake in Expedia Group in the third quarter worth about $207,000. Banco Santander S.A. bought a new stake in Expedia Group in the third quarter worth about $214,000. Finally, Northwestern Mutual Investment Management Company LLC raised its position in Expedia Group by 18.6% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 5,326 shares of the online travel company’s stock worth $716,000 after acquiring an additional 837 shares in the last quarter. Institutional investors and hedge funds own 81.09% of the company’s stock.
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, 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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