Expedia Group (NASDAQ:EXPE) Lowered to Neutral at Bank of America

Bank of America cut shares of Expedia Group (NASDAQ:EXPE) from a buy rating to a neutral rating in a report published on Thursday morning, The Fly reports.

Several other equities analysts have also commented on EXPE. Credit Suisse Group increased their price target on shares of Expedia Group from $147.00 to $152.00 and gave the company an outperform rating in a research note on Friday, July 26th. Cowen increased their price target on shares of Expedia Group from $155.00 to $165.00 and gave the company an outperform rating in a research note on Friday, July 26th. UBS Group increased their price target on shares of Expedia Group to $156.00 and gave the company a buy rating in a research note on Friday, July 26th. TheStreet upgraded shares of Expedia Group from a c+ rating to an a- rating in a research report on Thursday, July 25th. Finally, Argus upgraded shares of Expedia Group from a hold rating to a buy rating and set a $160.00 target price on the stock in a research report on Wednesday, July 31st. Nineteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $144.52.

Shares of EXPE traded up $3.03 during mid-day trading on Thursday, hitting $101.32. 10,007,700 shares of the company’s stock were exchanged, compared to its average volume of 1,732,978. The company has a market cap of $20.20 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 1.68 and a beta of 1.09. Expedia Group has a fifty-two week low of $97.05 and a fifty-two week high of $144.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s 50-day moving average is $133.97 and its 200-day moving average is $129.36.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Wednesday, November 6th. The online travel company reported $3.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.18). The company had revenue of $3.37 billion during 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 revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.65 earnings per share. As a group, equities research analysts anticipate that Expedia Group will post 5.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 19th will be given a $0.34 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.36 dividend on an annualized basis and a yield of 1.34%. Expedia Group’s dividend payout ratio (DPR) is 28.27%.

In related news, insider Robert J. Dzielak sold 9,222 shares of Expedia Group stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $135.19, for a total value of $1,246,722.18. Following the transaction, the insider now directly owns 36,029 shares in the company, valued at approximately $4,870,760.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lance A. Soliday sold 2,724 shares of Expedia Group stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $127.93, for a total transaction of $348,481.32. Following the completion of the transaction, the insider now owns 8,009 shares in the company, 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 worth $14,878,704. 2.10% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Lenox Wealth Advisors LLC grew its position in Expedia Group by 113.3% in the 3rd quarter. Lenox Wealth Advisors LLC now owns 192 shares of the online travel company’s stock valued at $26,000 after buying an additional 102 shares during the last quarter. WealthStone Inc. purchased a new position in Expedia Group in the 2nd quarter valued at $27,000. FNY Investment Advisers LLC purchased a new position in Expedia Group in the 2nd quarter valued at $28,000. Signaturefd LLC grew its position in Expedia Group by 75.8% in the 3rd quarter. Signaturefd LLC now owns 276 shares of the online travel company’s stock valued at $37,000 after buying an additional 119 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Expedia Group in the second quarter valued at $41,000. Hedge funds and other institutional investors own 81.09% of the company’s stock.

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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The Fly

Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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