Expedia Group’s (EXPE) “Neutral” Rating Reiterated at DA Davidson

DA Davidson reissued their neutral rating on shares of Expedia Group (NASDAQ:EXPE) in a report published on Friday morning, Benzinga reports. The brokerage currently has a $135.00 price objective on the online travel company’s stock, down from their prior price objective of $152.00.

A number of other research analysts have also recently issued reports on EXPE. Wells Fargo & Company decreased their price target on shares of Expedia Group from $159.00 to $155.00 and set an equal weight rating for the company in a report on Friday, February 9th. Mizuho reduced their target price on Expedia Group from $140.00 to $135.00 and set a neutral rating for the company in a research note on Friday. Bank of America downgraded Expedia Group from a buy rating to a neutral rating and set a $156.00 price target on the stock. in a research note on Friday, February 9th. Benchmark restated a buy rating and issued a $180.00 price objective on shares of Expedia Group in a research note on Friday. Finally, Wedbush decreased their target price on Expedia Group from $130.00 to $125.00 and set a neutral rating for the company in a report on Friday. Fifteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and an average price target of $148.08.

Expedia Group Trading Down 15.3 %

NASDAQ EXPE opened at $115.33 on Friday. Expedia Group has a 52 week low of $87.94 and a 52 week high of $160.05. The company has a 50 day moving average price of $133.81 and a 200 day moving average price of $135.45. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 2.93. The firm has a market cap of $15.72 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 0.35 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.08 by $0.10. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. As a group, sell-side analysts forecast that Expedia Group will post 9.7 EPS for the current fiscal year.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the sale, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at approximately $1,492,844.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

Hedge funds and other institutional investors have recently modified their holdings of the business. University of Texas Texas AM Investment Managment Co. acquired a new stake in Expedia Group in the 4th quarter valued at about $26,000. City State Bank grew its position in shares of Expedia Group by 157.3% in the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock valued at $29,000 after purchasing an additional 118 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Expedia Group in the fourth quarter valued at approximately $32,000. Parkside Financial Bank & Trust increased its holdings in shares of Expedia Group by 173.0% in the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock valued at $35,000 after purchasing an additional 218 shares during the last quarter. Finally, MV Capital Management Inc. boosted its stake in Expedia Group by 335.6% during the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock worth $48,000 after buying an additional 245 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Company Profile

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.