Expedia Group (NASDAQ:EXPE) Stock Rating Lowered by DA Davidson

Expedia Group (NASDAQ:EXPE) was downgraded by DA Davidson from a “buy” rating to a “neutral” rating in a report issued on Thursday, Marketbeat reports. They presently have a $130.00 price objective on the online travel company’s stock, down from their prior price objective of $162.00. DA Davidson’s price target indicates a potential upside of 28.31% from the stock’s current price.

Several other brokerages have also recently weighed in on EXPE. ValuEngine cut Expedia Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. TheStreet upgraded Expedia Group from a “c+” rating to an “a-” rating in a research note on Thursday, July 25th. Argus upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Wednesday, July 31st. Cowen upped their price objective on Expedia Group from $155.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus restated a “hold” rating and set a $135.00 price objective on shares of Expedia Group in a research note on Friday, July 26th. Nineteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Expedia Group presently has a consensus rating of “Hold” and an average target price of $144.52.

NASDAQ:EXPE traded up $3.03 during trading hours on Thursday, reaching $101.32. The stock had a trading volume of 10,007,700 shares, compared to its average volume of 1,732,978. Expedia Group has a 52 week low of $97.05 and a 52 week high of $144.00. The stock has a market capitalization of $20.20 billion, a PE ratio of 21.06, a PEG ratio of 1.68 and a beta of 1.09. The company has a 50 day moving average price of $133.97 and a two-hundred day moving average price of $129.36. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.76 and a current ratio of 0.76.

Expedia Group (NASDAQ:EXPE) last issued its earnings results 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). Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the prior year, the company posted $3.65 earnings per share. Expedia Group’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts predict that Expedia Group will post 5.72 EPS for the current year.

In other Expedia Group news, Director Dara Khosrowshahi sold 50,000 shares of the 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 sale, the director now directly owns 477,677 shares in the company, valued at $63,521,487.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 9,222 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 36,029 shares of the company’s stock, valued at $4,870,760.51. The disclosure for this sale can be found here. Over the last quarter, insiders sold 111,946 shares of company stock valued at $14,878,704. 2.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. ETRADE Capital Management LLC raised its stake 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 increased its holdings in shares of Expedia Group by 11.7% in the second quarter. Crewe Advisors LLC now owns 775 shares of the online travel company’s stock valued at $103,000 after purchasing an additional 81 shares during the period. Veritable L.P. increased its holdings in shares of Expedia Group by 2.4% in the second quarter. Veritable L.P. now owns 3,775 shares of the online travel company’s stock valued at $502,000 after purchasing an additional 88 shares during the period. Valeo Financial Advisors LLC increased its holdings in shares of Expedia Group by 16.3% in the third quarter. Valeo Financial Advisors LLC now owns 651 shares of the online travel company’s stock valued at $88,000 after purchasing an additional 91 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of Expedia Group by 27.6% in the third quarter. Parallel Advisors LLC now owns 435 shares of the online travel company’s stock valued at $58,000 after purchasing an additional 94 shares during the period. 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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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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