Expedia Group (NASDAQ:EXPE) Sees Large Volume Increase

Shares of Expedia Group, Inc. (NASDAQ:EXPEGet Rating) saw unusually-high trading volume on Wednesday . Approximately 69,120 shares changed hands during mid-day trading, a decline of 97% from the previous session’s volume of 2,103,327 shares.The stock last traded at $99.06 and had previously closed at $104.63.

Wall Street Analysts Forecast Growth

EXPE has been the topic of several research analyst reports. Piper Sandler decreased their price objective on shares of Expedia Group from $225.00 to $155.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 28th. Truist Financial decreased their price objective on shares of Expedia Group from $240.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. BTIG Research decreased their price objective on shares of Expedia Group from $235.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, June 15th. Susquehanna Bancshares decreased their price objective on shares of Expedia Group from $145.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, August 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Expedia Group from $206.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. Fourteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $166.42.

Expedia Group Stock Performance

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.99. The company has a market cap of $14.50 billion, a P/E ratio of 45.77, a P/E/G ratio of 1.48 and a beta of 1.58. The business has a fifty day moving average of $104.67 and a 200 day moving average of $131.57.

Expedia Group (NASDAQ:EXPEGet Rating) last announced its earnings results on Thursday, August 4th. The online travel company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.39. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $2.99 billion. Expedia Group had a return on equity of 22.14% and a net margin of 4.26%. The firm’s revenue for the quarter was up 50.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.77) earnings per share. On average, equities analysts predict that Expedia Group, Inc. will post 5.04 EPS for the current year.

Insider Activity at Expedia Group

In related news, Director Jonathan L. Dolgen sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $101.55, for a total transaction of $101,550.00. Following the completion of the transaction, the director now owns 37,779 shares in the company, valued at $3,836,457.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Expedia Group news, CAO Lance A. Soliday sold 636 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $114.04, for a total value of $72,529.44. Following the completion of the transaction, the chief accounting officer now owns 8,949 shares in the company, valued at $1,020,543.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jonathan L. Dolgen sold 1,000 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $101.55, for a total value of $101,550.00. Following the completion of the transaction, the director now owns 37,779 shares of the company’s stock, valued at approximately $3,836,457.45. The disclosure for this sale can be found here. 7.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

A number of institutional investors have recently added to or reduced their stakes in the company. Sierra Capital LLC increased its holdings in shares of Expedia Group by 817.2% during the second quarter. Sierra Capital LLC now owns 266 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 237 shares in the last quarter. Ronald Blue Trust Inc. bought a new position in shares of Expedia Group during the second quarter valued at $27,000. MCF Advisors LLC bought a new position in shares of Expedia Group during the first quarter valued at $28,000. FNY Investment Advisers LLC bought a new position in shares of Expedia Group during the first quarter valued at $29,000. Finally, Clear Street Markets LLC increased its holdings in shares of Expedia Group by 412.9% during the second quarter. Clear Street Markets LLC now owns 318 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 256 shares in the last quarter. Institutional investors own 97.43% of the company’s stock.

Expedia Group Company Profile

(Get Rating)

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.

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