Wedbush Reiterates “Neutral” Rating for Expedia Group (NASDAQ:EXPE)

Expedia Group (NASDAQ:EXPE)‘s stock had its “neutral” rating reaffirmed by Wedbush in a report released on Thursday, Benzinga reports. They currently have a $130.00 price target on the online travel company’s stock. Wedbush’s target price points to a potential upside of 0.78% from the company’s current price.

Other research analysts also recently issued reports about the company. Oppenheimer restated an “outperform” rating and set a $175.00 price objective on shares of Expedia Group in a report on Monday, February 5th. StockNews.com upgraded Expedia Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Jefferies Financial Group cut their price target on Expedia Group from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Tuesday, March 19th. 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 report on Friday, February 9th. Finally, JPMorgan Chase & Co. lifted their price target on Expedia Group from $115.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.12.

Expedia Group Trading Up 0.5 %

EXPE opened at $129.00 on Thursday. The stock’s fifty day moving average is $134.37 and its two-hundred day moving average is $132.71. The company has a market capitalization of $17.58 billion, a P/E ratio of 23.98, a PEG ratio of 0.39 and a beta of 1.86. Expedia Group has a 52 week low of $87.94 and a 52 week high of $160.05. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.08 by $0.10. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. Analysts forecast that Expedia Group will post 9.74 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $150.04, for a total value of $1,500,400.00. Following the completion of the transaction, the director now owns 216,521 shares of the company’s stock, valued at approximately $32,486,810.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $150.04, for a total value of $1,500,400.00. Following the completion of the transaction, the director now owns 216,521 shares of the company’s stock, valued at approximately $32,486,810.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value 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 approximately $1,492,844.80. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Expedia Group

Institutional investors and hedge funds have recently modified their holdings of the stock. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of Expedia Group in the 4th quarter valued at about $26,000. City State Bank increased its stake in shares of Expedia Group by 157.3% in the 4th 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 purchased a new position in shares of Expedia Group in the 4th quarter valued at about $32,000. Salem Investment Counselors Inc. purchased a new position in shares of Expedia Group in the 1st quarter valued at about $44,000. Finally, LM Advisors LLC purchased a new position in shares of Expedia Group in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.