Expedia Group (NASDAQ:EXPE) Stock Rating Reaffirmed by DA Davidson

Expedia Group (NASDAQ:EXPE)‘s stock had its “neutral” rating restated by analysts at DA Davidson in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $135.00 target price on the online travel company’s stock, down from their previous target price of $152.00. DA Davidson’s price target points to a potential upside of 17.06% from the stock’s current price.

A number of other research firms have also recently issued reports on EXPE. Jefferies Financial Group decreased their target price on Expedia Group from $150.00 to $145.00 and set a “hold” rating on the stock in a research report on Tuesday, March 19th. Royal Bank of Canada decreased their price target on shares of Expedia Group from $155.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday. Bank of America downgraded shares of Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price objective for the company. in a research note on Friday, February 9th. BMO Capital Markets cut shares of Expedia Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $165.00 to $145.00 in a research note on Friday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $175.00 price target on shares of Expedia Group in a research note on Monday, April 29th. Fifteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $148.08.

Expedia Group Price Performance

Shares of NASDAQ:EXPE traded down $20.76 during midday trading on Friday, hitting $115.33. The stock had a trading volume of 13,956,064 shares, compared to its average volume of 1,820,841. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $15.72 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 0.35 and a beta of 1.83. The company’s 50-day moving average price is $133.81 and its 200-day moving average price is $134.96. Expedia Group has a fifty-two week low of $87.94 and a fifty-two week high of $160.05.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.10. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Expedia Group had a return on equity of 38.69% and a net margin of 6.18%. As a group, equities research analysts predict that Expedia Group will post 9.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was 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 approximately $1,492,844.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Expedia Group

Several institutional investors have recently made changes to their positions in the stock. University of Texas Texas AM Investment Managment Co. acquired a new stake in shares of Expedia Group in the 4th quarter valued at about $26,000. City State Bank boosted its holdings in Expedia Group by 157.3% in the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after acquiring an additional 118 shares in the last quarter. CVA Family Office LLC acquired a new stake in Expedia Group in the fourth quarter valued at approximately $32,000. MV Capital Management Inc. increased its holdings in shares of Expedia Group by 335.6% during the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock valued at $48,000 after acquiring an additional 245 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Expedia Group by 173.0% during the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after purchasing an additional 218 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.