Expedia Group (NASDAQ:EXPE) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Expedia Group (NASDAQ:EXPE) from a hold rating to a sell rating in a research note published on Wednesday morning, Zacks.com reports. They currently have $192.00 target price on the online travel company’s stock.

According to Zacks, “Expedia is gaining from improving travel trends in many parts of the world. Moreover, strong growth across all its lines of business is a major positive. Solid demand in domestic travel is contributing well. Further, growing momentum in Vrbo is benefiting the company. Additionally, Expedia’s strengthening global lodging portfolio and strong supply acquisition efforts remain key catalysts. Further, the removal of travel restrictions in many parts of the world as well as many countries opening for international travelers remain major tailwinds. Notably, the stock has outperformed the industry it belongs to over a year. However, uncertainties in the global travel industry owing to the pandemic remain primary concerns. Further, sluggishness in corporate travel remains an overhang. Also, leveraged balance sheet of the company is a major concern.”

Several other equities research analysts also recently commented on the company. JMP Securities restated a hold rating on shares of Expedia Group in a report on Friday, November 5th. Barclays lifted their target price on Expedia Group from $180.00 to $210.00 and gave the company an overweight rating in a research report on Friday, November 5th. Citigroup lifted their target price on Expedia Group from $166.00 to $190.00 and gave the company a neutral rating in a research report on Tuesday, November 9th. Piper Sandler raised Expedia Group from a neutral rating to an overweight rating and lifted their target price for the company from $197.00 to $216.00 in a research report on Monday, January 10th. Finally, Atlantic Securities cut Expedia Group from an overweight rating to a neutral rating and set a $180.00 target price on the stock. in a research report on Tuesday, November 2nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Expedia Group currently has an average rating of Hold and a consensus price target of $188.93.

NASDAQ EXPE opened at $184.40 on Wednesday. Expedia Group has a 52 week low of $118.30 and a 52 week high of $191.85. The business has a 50 day moving average price of $174.43 and a 200-day moving average price of $163.80. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.93 and a current ratio of 0.93.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, November 4th. The online travel company reported $3.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $2.31. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.72 billion. Expedia Group had a negative return on equity of 14.40% and a negative net margin of 10.46%. The company’s quarterly revenue was up 96.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.49) earnings per share. Equities research analysts forecast that Expedia Group will post -0.74 EPS for the current year.

In related news, insider Robert J. Dzielak sold 7,741 shares of the business’s stock in a transaction on Tuesday, January 4th. The stock was sold at an average price of $190.15, for a total transaction of $1,471,951.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 50,000 shares of the business’s stock in a transaction on Monday, November 1st. The shares were sold at an average price of $167.05, for a total value of $8,352,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 166,569 shares of company stock worth $29,968,561 in the last ninety days. Insiders own 5.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Baillie Gifford & Co. bought a new position in Expedia Group in the 3rd quarter worth about $27,000. Newbridge Financial Services Group Inc. increased its stake in Expedia Group by 4,100.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 168 shares of the online travel company’s stock worth $28,000 after acquiring an additional 164 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in Expedia Group in the 4th quarter worth about $37,000. Ancora Advisors LLC increased its stake in Expedia Group by 49.7% in the 3rd quarter. Ancora Advisors LLC now owns 214 shares of the online travel company’s stock worth $35,000 after acquiring an additional 71 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC bought a new position in Expedia Group in the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 92.04% of the company’s stock.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following business segments: Retail, B2B and trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.

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