Wedbush Reaffirms Neutral Rating for Expedia Group (NASDAQ:EXPE)

Expedia Group (NASDAQ:EXPE)‘s stock had its “neutral” rating reiterated by equities research analysts at Wedbush in a report released on Thursday, Benzinga reports. They presently have a $130.00 price target on the online travel company’s stock. Wedbush’s target price would suggest a potential upside of 0.82% from the company’s current price.

EXPE has been the subject of a number of other reports. Oppenheimer reissued an “outperform” rating and issued a $175.00 price target on shares of Expedia Group in a research report on Monday, February 5th. JPMorgan Chase & Co. upped their target price on shares of Expedia Group from $115.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, February 9th. StockNews.com raised shares of Expedia Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Jefferies Financial Group reduced their target price on shares of Expedia Group from $150.00 to $145.00 and set a “hold” rating for the company in a report on Tuesday, March 19th. Finally, Benchmark upped their target price on shares of Expedia Group from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $149.12.

Expedia Group Stock Up 0.2 %

Shares of Expedia Group stock traded up $0.21 during trading on Thursday, hitting $128.94. 396,913 shares of the stock were exchanged, compared to its average volume of 2,472,384. The stock has a market cap of $17.57 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 0.39 and a beta of 1.86. The firm’s 50-day moving average price is $135.04 and its 200 day moving average price is $132.55. Expedia Group has a 12-month low of $87.94 and a 12-month high of $160.05. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.10. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. As a group, analysts forecast that Expedia Group will post 9.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the transaction, the chief accounting officer now directly owns 10,880 shares in the company, valued at $1,492,844.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $150.04, for a total value of $1,500,400.00. Following the sale, the director now directly owns 216,521 shares in the company, valued at $32,486,810.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the sale, the chief accounting officer now owns 10,880 shares in the company, valued at $1,492,844.80. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by company insiders.

Institutional Trading of Expedia Group

Several large investors have recently modified their holdings of EXPE. University of Texas Texas AM Investment Managment Co. acquired a new stake in shares of Expedia Group in the fourth quarter valued at approximately $26,000. Almanack Investment Partners LLC. purchased a new position in shares of Expedia Group during the third quarter valued at approximately $26,000. Clear Street Markets LLC lifted its stake in shares of Expedia Group by 88.3% during the first quarter. Clear Street Markets LLC now owns 290 shares of the online travel company’s stock valued at $28,000 after buying an additional 136 shares during the period. City State Bank lifted its stake in shares of Expedia Group by 157.3% during the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock valued at $29,000 after buying an additional 118 shares during the period. Finally, CVA Family Office LLC purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $32,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.