Expedia Group (NASDAQ:EXPE) Downgraded by BMO Capital Markets

BMO Capital Markets cut shares of Expedia Group (NASDAQ:EXPE) from an outperform rating to a market perform rating in a research note published on Friday morning, MarketBeat reports. BMO Capital Markets currently has $145.00 price objective on the online travel company’s stock, down from their previous price objective of $165.00.

A number of other brokerages also recently issued reports on EXPE. Oppenheimer reaffirmed an outperform rating and set a $175.00 price target on shares of Expedia Group in a report on Monday, April 29th. JPMorgan Chase & Co. upped their price target on Expedia Group from $115.00 to $136.00 and gave the company a neutral rating in a report on Friday, February 9th. Royal Bank of Canada reiterated a sector perform rating and issued a $155.00 price target on shares of Expedia Group in a research note on Friday, February 9th. The Goldman Sachs Group boosted their price objective on shares of Expedia Group from $155.00 to $190.00 and gave the stock a buy rating in a research report on Friday, January 19th. Finally, Bank of America downgraded shares of Expedia Group from a buy rating to a neutral rating and set a $156.00 target price on the stock. in a research report on Friday, February 9th. Fifteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of $148.08.

Expedia Group Stock Down 15.3 %

EXPE stock opened at $115.33 on Friday. The company’s 50 day moving average price is $133.81 and its 200 day moving average price is $135.45. The firm has a market capitalization of $15.72 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 0.35 and a beta of 1.83. Expedia Group has a fifty-two week low of $87.94 and a fifty-two week high of $160.05. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a net margin of 6.18% and a return on equity of 38.69%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. On average, equities research analysts anticipate that Expedia Group will post 9.7 EPS for the current fiscal year.

Insider Activity

In other news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction 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 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 filing with the SEC, which is available at this hyperlink. 8.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EXPE. SVB Wealth LLC raised its position in shares of Expedia Group by 8.9% during the third quarter. SVB Wealth LLC now owns 3,598 shares of the online travel company’s stock valued at $371,000 after buying an additional 294 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Expedia Group by 35.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 17,303 shares of the online travel company’s stock valued at $1,783,000 after buying an additional 4,505 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Expedia Group by 3.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 80,635 shares of the online travel company’s stock valued at $8,311,000 after buying an additional 2,390 shares during the last quarter. Brown Advisory Inc. raised its position in Expedia Group by 105.2% in the third quarter. Brown Advisory Inc. now owns 33,257 shares of the online travel company’s stock worth $3,428,000 after purchasing an additional 17,050 shares in the last quarter. Finally, Forsta AP Fonden raised its position in Expedia Group by 24.3% in the third quarter. Forsta AP Fonden now owns 78,200 shares of the online travel company’s stock worth $8,060,000 after purchasing an additional 15,300 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

About Expedia Group

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.