Expedia Group (NASDAQ:EXPE) Stock Rating Reaffirmed by Benchmark

Benchmark reiterated their buy rating on shares of Expedia Group (NASDAQ:EXPE) in a report issued on Friday, Benzinga reports. They currently have a $180.00 price target on the online travel company’s stock.

Several other analysts also recently weighed in on EXPE. Wells Fargo & Company cut their price target on Expedia Group from $159.00 to $155.00 and set an equal weight rating on the stock in a research note on Friday, February 9th. BMO Capital Markets downgraded Expedia Group from an outperform rating to a market perform rating and reduced their price target for the company from $165.00 to $145.00 in a report on Friday. StockNews.com raised Expedia Group from a hold rating to a buy rating in a research report on Wednesday, February 14th. B. Riley cut their target price on shares of Expedia Group from $200.00 to $190.00 and set a buy rating for the company in a research report on Friday. Finally, Evercore ISI cut their price objective on Expedia Group from $190.00 to $175.00 and set an outperform rating for the company in a report on Friday. Sixteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Expedia Group presently has an average rating of Hold and a consensus price target of $148.40.

Expedia Group Stock Performance

Shares of EXPE opened at $116.02 on Friday. The company has a 50-day simple moving average of $133.43 and a two-hundred day simple moving average of $135.60. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.78. The firm has a market capitalization of $15.81 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 0.35 and a beta of 1.83. Expedia Group has a one year low of $88.81 and a one year high of $160.05.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. On average, analysts anticipate that Expedia Group will post 9.7 EPS for the current fiscal year.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the transaction, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 8.07% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. ValueAct Holdings L.P. purchased a new stake in Expedia Group during the fourth quarter valued at $645,346,000. Boston Partners grew its stake in shares of Expedia Group by 1.3% in the 3rd quarter. Boston Partners now owns 2,567,830 shares of the online travel company’s stock worth $264,627,000 after buying an additional 32,191 shares in the last quarter. Norges Bank bought a new stake in shares of Expedia Group in the 4th quarter worth about $334,632,000. Lyrical Asset Management LP lifted its holdings in shares of Expedia Group by 0.8% in the 4th quarter. Lyrical Asset Management LP now owns 1,796,068 shares of the online travel company’s stock valued at $272,625,000 after acquiring an additional 13,792 shares during the last quarter. Finally, Northern Trust Corp grew its position in Expedia Group by 1.5% in the third quarter. Northern Trust Corp now owns 1,557,816 shares of the online travel company’s stock worth $160,564,000 after acquiring an additional 22,518 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.