Expedia Group (EXPE) Rating Lowered to Neutral at Citigroup

Expedia Group (NASDAQ:EXPE) was downgraded by Citigroup from a “buy” rating to a “neutral” rating in a report released on Thursday, MarketBeat Ratings reports. They presently have a $130.00 target price on the online travel company’s stock, down from their previous target price of $145.00. Citigroup‘s target price would suggest a potential upside of 12.15% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Credit Suisse Group increased their target price on Expedia Group from $145.00 to $150.00 in a research note on Friday, February 8th. Zacks Investment Research raised Expedia Group from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a research note on Wednesday, February 13th. BidaskClub raised Expedia Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 5th. Bank of America reissued a “buy” rating and issued a $148.00 target price (up previously from $142.00) on shares of Expedia Group in a research note on Tuesday, February 5th. Finally, SunTrust Banks reissued a “buy” rating and issued a $180.00 target price on shares of Expedia Group in a research note on Monday, February 4th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Expedia Group presently has an average rating of “Buy” and a consensus target price of $145.55.

EXPE opened at $115.92 on Thursday. The firm has a market capitalization of $17.06 billion, a P/E ratio of 24.10, a PEG ratio of 1.66 and a beta of 0.96. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.74. Expedia Group has a 52 week low of $108.11 and a 52 week high of $139.77.



Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 2nd. The online travel company reported ($0.27) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.61) by $0.34. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Expedia Group had a return on equity of 13.41% and a net margin of 3.89%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.36) earnings per share. As a group, sell-side analysts anticipate that Expedia Group will post 5.75 earnings per share for the current fiscal year.

In other news, insider Mark D. Okerstrom sold 5,531 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $126.66, for a total transaction of $700,556.46. Following the transaction, the insider now directly owns 70,532 shares of the company’s stock, valued at $8,933,583.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 20.96% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the company. Legal & General Group Plc boosted its holdings in shares of Expedia Group by 2.1% during the third quarter. Legal & General Group Plc now owns 555,006 shares of the online travel company’s stock worth $72,417,000 after purchasing an additional 11,428 shares during the period. Morgan Stanley boosted its holdings in shares of Expedia Group by 8.9% during the third quarter. Morgan Stanley now owns 1,065,996 shares of the online travel company’s stock worth $139,091,000 after purchasing an additional 86,901 shares during the period. Bank of Montreal Can boosted its holdings in shares of Expedia Group by 160.6% during the fourth quarter. Bank of Montreal Can now owns 390,741 shares of the online travel company’s stock worth $44,016,000 after purchasing an additional 240,827 shares during the period. Strs Ohio boosted its holdings in shares of Expedia Group by 370.4% during the fourth quarter. Strs Ohio now owns 7,333 shares of the online travel company’s stock worth $826,000 after purchasing an additional 5,774 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Expedia Group during the fourth quarter worth about $1,619,000. 94.54% of the stock is currently owned by hedge funds and other institutional investors.

About Expedia Group

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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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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