Expedia Group (NASDAQ:EXPE) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Expedia Group (NASDAQ:EXPEGet Rating) posted its earnings results on Monday. The online travel company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.13, MarketWatch Earnings reports. Expedia Group had a net margin of 4.87% and a return on equity of 12.41%. During the same period in the previous year, the company posted ($2.59) earnings per share.

Shares of EXPE stock opened at $149.56 on Thursday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $23.29 billion, a PE ratio of 128.93, a price-to-earnings-growth ratio of 1.78 and a beta of 1.51. The company has a 50-day moving average of $184.48 and a two-hundred day moving average of $179.97. Expedia Group has a 1-year low of $136.77 and a 1-year high of $217.72.

In related news, CEO Peter M. Kern bought 6,000 shares of the stock in a transaction on Monday, March 7th. The stock was bought at an average price of $167.79 per share, with a total value of $1,006,740.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Soliday sold 2,338 shares of the stock in a transaction dated Friday, February 11th. The stock was sold at an average price of $208.81, for a total transaction of $488,197.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 113,477 shares of company stock valued at $22,780,123. 5.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raleigh Capital Management Inc. purchased a new position in shares of Expedia Group in the fourth quarter valued at approximately $36,000. Horizon Investments LLC acquired a new stake in Expedia Group in the fourth quarter valued at approximately $210,000. NEXT Financial Group Inc raised its holdings in Expedia Group by 5.1% in the fourth quarter. NEXT Financial Group Inc now owns 1,185 shares of the online travel company’s stock valued at $214,000 after acquiring an additional 57 shares in the last quarter. Tiger Eye Capital LLC acquired a new stake in Expedia Group in the fourth quarter valued at approximately $220,000. Finally, Boston Private Wealth LLC acquired a new stake in Expedia Group during the fourth quarter worth approximately $221,000. 96.08% of the stock is owned by institutional investors and hedge funds.

EXPE has been the subject of several analyst reports. Argus decreased their target price on shares of Expedia Group from $240.00 to $220.00 in a research note on Thursday, April 7th. Stifel Nicolaus restated a “hold” rating and set a $205.00 price objective on shares of Expedia Group in a research report on Tuesday. Citigroup upped their price objective on shares of Expedia Group from $198.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 20th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Expedia Group from $218.00 to $235.00 in a research report on Tuesday. Finally, Piper Sandler reduced their price objective on shares of Expedia Group from $231.00 to $225.00 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $208.71.

About Expedia Group (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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Earnings History for Expedia Group (NASDAQ:EXPE)

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