Expedia Group (NASDAQ:EXPE) Rating Lowered to “Buy” at Wall Street Zen

Expedia Group (NASDAQ:EXPE) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

EXPE has been the topic of several other reports. BTIG Research reiterated a “buy” rating and set a $330.00 target price on shares of Expedia Group in a report on Monday, March 16th. Bank of America boosted their price target on shares of Expedia Group from $303.00 to $306.00 and gave the company a “buy” rating in a report on Friday, February 13th. Citigroup lowered their price target on shares of Expedia Group from $281.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Robert W. Baird increased their price objective on shares of Expedia Group from $280.00 to $282.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, UBS Group set a $266.00 price objective on shares of Expedia Group in a report on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $281.65.

Expedia Group Price Performance

Shares of EXPE stock opened at $235.18 on Friday. Expedia Group has a twelve month low of $130.01 and a twelve month high of $303.80. The stock has a market capitalization of $28.82 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 0.73 and a beta of 1.41. The stock has a fifty day simple moving average of $241.81 and a two-hundred day simple moving average of $244.21. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.75.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, beating the consensus estimate of $3.32 by $0.46. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.41 billion. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.39 earnings per share. On average, analysts predict that Expedia Group will post 12.28 EPS for the current fiscal year.

Insider Activity

In other news, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the transaction, the insider owned 102,480 shares of the company’s stock, valued at $22,629,633.60. The trade was a 7.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.13% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Expedia Group

Several institutional investors have recently bought and sold shares of the company. Orion Porfolio Solutions LLC lifted its holdings in shares of Expedia Group by 0.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 9,814 shares of the online travel company’s stock valued at $2,098,000 after purchasing an additional 38 shares during the last quarter. RHS Financial LLC grew its stake in Expedia Group by 4.0% during the 4th quarter. RHS Financial LLC now owns 1,030 shares of the online travel company’s stock worth $292,000 after buying an additional 40 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Expedia Group by 8.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company’s stock valued at $161,000 after buying an additional 43 shares in the last quarter. Harbor Investment Advisory LLC increased its position in Expedia Group by 16.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 319 shares of the online travel company’s stock valued at $90,000 after buying an additional 44 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in Expedia Group by 78.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after buying an additional 44 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

About Expedia Group

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.