Expedia Group’s (EXPE) “Neutral” Rating Reaffirmed at Wedbush

Expedia Group (NASDAQ:EXPE)‘s stock had its “neutral” rating reaffirmed by research analysts at Wedbush in a research report issued on Friday,RTT News reports. They currently have a $165.00 price target on the online travel company’s stock, down from their previous price target of $180.00. Wedbush’s price target indicates a potential upside of 5.40% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Truist Financial upped their price target on shares of Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, March 12th. JMP Securities reiterated a “market perform” rating on shares of Expedia Group in a research note on Friday, February 7th. UBS Group lowered their price objective on shares of Expedia Group from $194.00 to $170.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Hsbc Global Res raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. Finally, Oppenheimer dropped their price target on shares of Expedia Group from $235.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.04.

Expedia Group Price Performance

EXPE stock opened at $156.55 on Friday. The company has a market cap of $20.17 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The stock has a 50-day moving average price of $161.69 and a two-hundred day moving average price of $175.75. Expedia Group has a 12-month low of $107.25 and a 12-month high of $207.73.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.21 EPS. As a group, research analysts predict that Expedia Group will post 12.28 EPS for the current year.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. The trade was a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently owned by insiders.

Institutional Trading of Expedia Group

A number of hedge funds and other institutional investors have recently made changes to their positions in EXPE. Vanguard Group Inc. increased its stake in shares of Expedia Group by 2.7% during the first quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company’s stock valued at $2,555,424,000 after acquiring an additional 394,147 shares during the period. Norges Bank bought a new position in Expedia Group during the 4th quarter valued at $670,565,000. Geode Capital Management LLC increased its position in shares of Expedia Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company’s stock valued at $600,750,000 after purchasing an additional 30,163 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Expedia Group by 6.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company’s stock worth $439,808,000 after buying an additional 150,480 shares in the last quarter. Finally, Alkeon Capital Management LLC lifted its holdings in shares of Expedia Group by 25.4% in the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company’s stock valued at $368,276,000 after buying an additional 400,000 shares during the period. 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.