Expedia Group (NASDAQ:EXPE) Rating Lowered to Market Perform at JMP Securities

Expedia Group (NASDAQ:EXPE) was downgraded by analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday, Briefing.com Automated Import reports.

Several other research analysts have also recently weighed in on the company. Jefferies Financial Group decreased their price target on Expedia Group from $170.00 to $145.00 and set an “average” rating for the company in a research note on Thursday. Wells Fargo & Co cut Expedia Group from an “outperform” rating to a “market perform” rating in a research note on Thursday. Oppenheimer set a $160.00 price target on Expedia Group and gave the stock a “buy” rating in a research note on Friday, July 26th. ValuEngine cut Expedia Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Credit Suisse Group decreased their price target on Expedia Group from $164.00 to $159.00 and set an “outperform” rating for the company in a research note on Thursday. Eighteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $148.18.

Shares of NASDAQ:EXPE opened at $98.29 on Friday. The stock has a fifty day simple moving average of $134.66 and a two-hundred day simple moving average of $129.48. The stock has a market capitalization of $20.20 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 1.68 and a beta of 1.09. Expedia Group has a 12-month low of $97.05 and a 12-month high of $144.00. 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 (NASDAQ:EXPE) last announced its quarterly earnings data on Wednesday, November 6th. The online travel company reported $3.38 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.65 EPS. As a group, equities research analysts predict that Expedia Group will post 5.72 EPS for the current year.

In other news, insider Lance A. Soliday sold 2,724 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $127.93, for a total value of $348,481.32. Following the completion of the transaction, the insider now owns 8,009 shares of the company’s stock, valued at $1,024,591.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 50,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 477,677 shares of the company’s stock, valued at approximately $63,521,487.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,946 shares of company stock valued at $14,878,704. Corporate insiders own 2.10% of the company’s stock.

Several large investors have recently bought and sold shares of EXPE. Thomasville National Bank lifted its position in shares of Expedia Group by 2.5% in the second quarter. Thomasville National Bank now owns 46,119 shares of the online travel company’s stock worth $6,135,000 after buying an additional 1,113 shares in the last quarter. DNB Asset Management AS lifted its position in shares of Expedia Group by 261.2% in the second quarter. DNB Asset Management AS now owns 49,527 shares of the online travel company’s stock worth $6,589,000 after buying an additional 35,815 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in Expedia Group by 4.2% during the second quarter. Crossmark Global Holdings Inc. now owns 9,589 shares of the online travel company’s stock valued at $1,276,000 after purchasing an additional 383 shares during the period. Retirement Systems of Alabama raised its position in Expedia Group by 1.4% during the second quarter. Retirement Systems of Alabama now owns 55,178 shares of the online travel company’s stock valued at $7,340,000 after purchasing an additional 736 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. purchased a new stake in Expedia Group during the second quarter valued at approximately $6,431,000. 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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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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