Expedia Group (NASDAQ:EXPE) was downgraded by investment analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued on Thursday, Briefing.com Automated Import reports.
EXPE has been the topic of a number of other research reports. SunTrust Banks set a $188.00 price target on Expedia Group and gave the stock a “buy” rating in a research note on Friday, September 13th. BidaskClub lowered Expedia Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Piper Jaffray Companies lowered Expedia Group from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $160.00 to $124.00 in a research note on Thursday. Citigroup set a $140.00 target price on Expedia Group and gave the stock a “hold” rating in a research report on Friday, July 26th. Finally, Jefferies Financial Group cut their target price on Expedia Group from $170.00 to $145.00 and set an “average” rating on the stock in a research report on Thursday. Sixteen equities 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 a consensus rating of “Hold” and a consensus target price of $148.59.
EXPE traded down $32.68 on Thursday, hitting $102.68. 685,966 shares of the company were exchanged, compared to its average volume of 1,216,323. The firm has a 50-day moving average price of $135.32 and a two-hundred day moving average price of $129.60. The company has a market cap of $20.23 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.71. Expedia Group has a twelve month low of $108.11 and a twelve month high of $144.00.
Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Wednesday, November 6th. The online travel company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.18). Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The business had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the prior year, the company earned $3.65 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts expect that Expedia Group will post 5.8 EPS for the current year.
In related news, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $132.98, for a total value of $6,649,000.00. Following the completion of the sale, the director now directly owns 477,677 shares in the company, valued at approximately $63,521,487.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lance A. Soliday sold 2,724 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $127.93, for a total value of $348,481.32. Following the completion of the sale, the insider now owns 8,009 shares of the company’s stock, valued at $1,024,591.37. The disclosure for this sale can be found here. Over the last quarter, insiders sold 111,946 shares of company stock valued at $14,878,704. 2.10% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. Glen Harbor Capital Management LLC grew its stake in Expedia Group by 7.1% in the second quarter. Glen Harbor Capital Management LLC now owns 33,694 shares of the online travel company’s stock worth $4,482,000 after purchasing an additional 2,244 shares in the last quarter. Avestar Capital LLC raised its holdings in shares of Expedia Group by 11,125.0% during the second quarter. Avestar Capital LLC now owns 1,347 shares of the online travel company’s stock valued at $160,000 after buying an additional 1,335 shares during the last quarter. Great Lakes Advisors LLC raised its holdings in shares of Expedia Group by 0.4% during the second quarter. Great Lakes Advisors LLC now owns 324,658 shares of the online travel company’s stock valued at $43,188,000 after buying an additional 1,358 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Expedia Group by 1,676.2% during the second quarter. Captrust Financial Advisors now owns 14,902 shares of the online travel company’s stock valued at $1,982,000 after buying an additional 14,063 shares during the last quarter. Finally, Everence Capital Management Inc. raised its holdings in shares of Expedia Group by 88.0% during the second quarter. Everence Capital Management Inc. now owns 5,362 shares of the online travel company’s stock valued at $713,000 after buying an additional 2,510 shares during the last quarter. Institutional investors 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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