Expedia Group (NASDAQ:EXPE) Stock Rating Lowered by Wells Fargo & Co

Expedia Group (NASDAQ:EXPE) was downgraded by stock analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday, The Fly reports.

Several other analysts have also recently weighed in on EXPE. Jefferies Financial Group lowered their price objective on shares of Expedia Group from $170.00 to $145.00 and set an “average” rating on the stock in a research report on Thursday. Citigroup set a $140.00 price objective on shares of Expedia Group and gave the company a “hold” rating in a research report on Friday, July 26th. Piper Jaffray Companies cut shares of Expedia Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $160.00 to $124.00 in a research report on Thursday. ValuEngine cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, SunTrust Banks set a $188.00 price objective on shares of Expedia Group and gave the company a “buy” rating in a research report on Friday, September 13th. Seventeen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Expedia Group currently has an average rating of “Hold” and an average target price of $147.86.

Shares of Expedia Group stock traded down $34.48 on Thursday, hitting $100.88. 1,050,667 shares of the company traded hands, compared to its average volume of 1,216,323. The firm’s 50-day simple moving average is $135.32 and its 200 day simple moving average is $129.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.71. The company has a market cap of $20.23 billion, a P/E ratio of 20.97, a P/E/G ratio of 1.68 and a beta of 1.09. Expedia Group has a 12-month low of $108.11 and a 12-month high of $144.00.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Wednesday, November 6th. The online travel company reported $3.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.18). The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Expedia Group had a net margin of 5.36% and a return on equity of 14.20%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.65 EPS. Analysts predict that Expedia Group will post 5.8 earnings per share for the current year.

In other Expedia Group news, insider Lance A. Soliday sold 2,724 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $127.93, for a total value of $348,481.32. Following the transaction, the insider now owns 8,009 shares in the company, valued at $1,024,591.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 9,222 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $135.19, for a total transaction of $1,246,722.18. Following the completion of the transaction, the insider now owns 36,029 shares in the company, valued at approximately $4,870,760.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,946 shares of company stock worth $14,878,704. 2.10% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. ETRADE Capital Management LLC boosted its position in Expedia Group by 0.4% in the second quarter. ETRADE Capital Management LLC now owns 19,933 shares of the online travel company’s stock valued at $2,652,000 after buying an additional 79 shares during the last quarter. Crewe Advisors LLC raised its position in Expedia Group by 11.7% in the 2nd quarter. Crewe Advisors LLC now owns 775 shares of the online travel company’s stock worth $103,000 after purchasing an additional 81 shares during the last quarter. Veritable L.P. raised its position in Expedia Group by 2.4% in the 2nd quarter. Veritable L.P. now owns 3,775 shares of the online travel company’s stock worth $502,000 after purchasing an additional 88 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Expedia Group by 16.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 651 shares of the online travel company’s stock worth $88,000 after purchasing an additional 91 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in Expedia Group by 27.6% in the 3rd quarter. Parallel Advisors LLC now owns 435 shares of the online travel company’s stock worth $58,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other 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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The Fly

Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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