Expedia Group (NASDAQ: EXPE – Get Rating) had its price objective decreased by UBS Group from $ 183.00 to $ 108.00 in a research note released on Monday, Stock Target Advisor reports. UBS Group currently has a neutral rating on the online travel company’s stock.
A number of other equities analysts have also recently issued reports on EXPE. The Goldman Sachs Group reduced their target price on Expedia Group from $ 206.00 to $ 173.00 and set a buy rating on the stock in a report on Thursday, June 9th. Stifel Nicolaus restated a hold rating and set at $ 205.00 target price on shares of Expedia Group in a report on Tuesday, May 3rd. Truist Financial reduced their target price on Expedia Group from $ 240.00 to $ 185.00 and set a buy rating on the stock in a report on Thursday, July 14th. JMP Securities reaffirmed a mkt perform rating on shares of Expedia Group in a research report on Wednesday, June 22nd. Finally, StockNews.com raised Expedia Group from a hold rating to a buy rating in a research report on Thursday, May 5th. Fourteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $ 184.63.
Expedia Group Price Performance
Expedia Group stock opened at $ 102.79 on Monday. The business’s 50-day simple moving average is $ 106.53 and its 200 day simple moving average is $ 152.92. The stock has a market cap of $ 16.15 billion, a price-to-earnings ratio of 88.61, a P / E / G ratio of 1.69 and a beta of 1.60. Expedia Group has a 12-month low of $ 88.70 and a 12-month high of $ 217.72. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.16.
Expedia Group (NASDAQ: EXPE – Get Rating) last posted its quarterly earnings results on Monday, May 2nd. The online travel company reported ($ 0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($ 0.69) by ($ 0.24). Expedia Group had a net margin of 4.87% and a return on equity of 11.93%. The firm had revenue of $ 2.25 billion during the quarter, compared to the consensus estimate of $ 2.27 billion. During the same quarter in the prior year, the business earned ($ 2.59) EPS. As a group, research analysts anticipate that Expedia Group will post 4.49 earnings per share for the current year.
Insider Activity at Expedia Group
In related news, CAO Lance A. Soliday sold 376 shares of Expedia Group stock in a transaction on Monday, May 16th. The stock was sold at an average price of $ 124.12, for a total transaction of $ 46,669.12. Following the completion of the sale, the chief accounting officer now owns 8,949 shares of the company’s stock, valued at $ 1,110,749.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Expedia Group
A number of large investors have recently added to or reduced their stakes in EXPE. Bank of Nova Scotia raised its position in Expedia Group by 5,265.1% during the first quarter. Bank of Nova Scotia now owns 1,504,849 shares of the online travel company’s stock valued at $ 294,454,000 after purchasing an additional 1,476,800 shares in the last quarter. Third Point LLC purchased a new stake in Expedia Group during the fourth quarter valued at about $ 236,266,000. Arrowstreet Capital Limited Partnership raised its position in Expedia Group by 187.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,921,028 shares of the online travel company’s stock valued at $ 375,888,000 after purchasing an additional 1,251,933 shares in the last quarter. D1 Capital Partners LP raised its position in Expedia Group by 10.5% during the fourth quarter. D1 Capital Partners LP now owns 12,683,542 shares of the online travel company’s stock valued at $ 2,292,170,000 after purchasing an additional 1,200,900 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Expedia Group by 4.8% in the first quarter. Vanguard Group Inc. now owns 16,147,624 shares of the online travel company’s stock worth $ 3,159,605,000 after buying an additional 741,856 shares during the period. Hedge funds and other institutional investors own 96.08% 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 Retail, B2B, and trivago segments. Its brand portfolio includes 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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