Expedia Group, Inc. (NASDAQ:EXPE) Receives Consensus Recommendation of “Hold” from Analysts

Expedia Group, Inc. (NASDAQ:EXPE) has earned a consensus rating of “Hold” from the twenty-five analysts that are covering the firm, Marketbeat.com reports. Thirteen analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $149.12.

A number of research analysts have recently issued reports on the company. Jefferies Financial Group dropped their price objective on Expedia Group from $150.00 to $145.00 and set a “hold” rating on the stock in a research note on Tuesday, March 19th. JPMorgan Chase & Co. boosted their price objective on Expedia Group from $115.00 to $136.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. The Goldman Sachs Group upped their target price on Expedia Group from $155.00 to $190.00 and gave the company a “buy” rating in a report on Friday, January 19th. BMO Capital Markets started coverage on Expedia Group in a report on Tuesday, January 9th. They set an “outperform” rating and a $181.00 price objective for the company. Finally, Wells Fargo & Company reduced their price objective on Expedia Group from $159.00 to $155.00 and set an “equal weight” rating for the company in a report on Friday, February 9th.

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 sale, the director now directly owns 216,521 shares of the company’s stock, valued at approximately $32,486,810.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the sale, the chief accounting officer now owns 10,880 shares in the company, valued at approximately $1,492,844.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $150.04, for a total value of $1,500,400.00. Following the sale, the director now owns 216,521 shares in the company, valued at approximately $32,486,810.84. The disclosure for this sale can be found here. 8.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. National Bank of Canada FI grew its stake in shares of Expedia Group by 21.2% during the third quarter. National Bank of Canada FI now owns 30,393 shares of the online travel company’s stock valued at $3,101,000 after acquiring an additional 5,316 shares in the last quarter. DnB Asset Management AS grew its stake in Expedia Group by 3.9% in the third quarter. DnB Asset Management AS now owns 32,261 shares of the online travel company’s stock worth $3,325,000 after purchasing an additional 1,224 shares in the last quarter. Ritholtz Wealth Management acquired a new position in Expedia Group in the third quarter worth about $747,000. Everence Capital Management Inc. bought a new position in Expedia Group in the third quarter worth about $313,000. Finally, GHP Investment Advisors Inc. lifted its holdings in Expedia Group by 8.5% in the third quarter. GHP Investment Advisors Inc. now owns 9,472 shares of the online travel company’s stock worth $939,000 after acquiring an additional 745 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Price Performance

NASDAQ:EXPE opened at $131.59 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24. The stock’s 50 day moving average price is $134.33 and its two-hundred day moving average price is $133.40. The firm has a market capitalization of $17.93 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 0.39 and a beta of 1.86. Expedia Group has a 12-month low of $87.94 and a 12-month high of $160.05.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. On average, analysts anticipate that Expedia Group will post 9.74 earnings per share for the current year.

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.