StockNews.com Initiates Coverage on Expedia Group (NASDAQ:EXPE)

StockNews.com initiated coverage on shares of Expedia Group (NASDAQ:EXPE – Get Rating) in a report issued on Thursday. The firm issued a buy rating on the online travel company’s stock.

Several other research firms have also recently issued reports on EXPE. DA Davidson boosted their price objective on shares of Expedia Group from $108.00 to $121.00 and gave the company a neutral rating in a research report on Friday, March 3rd. Mizuho boosted their price objective on shares of Expedia Group from $105.00 to $120.00 and gave the company a neutral rating in a research report on Friday, February 10th. UBS Group boosted their price objective on shares of Expedia Group from $108.00 to $125.00 and gave the company a neutral rating in a research report on Tuesday, January 24th. Wells Fargo & Company lowered their price objective on shares of Expedia Group from $150.00 to $140.00 and set an overweight rating for the company in a research report on Thursday, January 19th. Finally, Piper Sandler boosted their price objective on shares of Expedia Group from $120.00 to $135.00 and gave the company an overweight rating in a research report on Friday, February 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $140.45.

Expedia Group Trading Down 1.8 %

NASDAQ:EXPE traded down $1.70 during mid-day trading on Thursday, hitting $93.42. 3,594,090 shares of the stock traded hands, compared to its average volume of 2,475,232. The stock has a market capitalization of $14.33 billion, a price-to-earnings ratio of 43.65, a PEG ratio of 0.96 and a beta of 1.60. Expedia Group has a 52 week low of $82.39 and a 52 week high of $203.98. The firm’s 50 day moving average is $108.19 and its two-hundred day moving average is $100.22. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.67.

Expedia Group (NASDAQ:EXPE – Get Rating) last issued its quarterly earnings results on Thursday, February 9th. The online travel company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.59). The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.70 billion. Expedia Group had a net margin of 3.02% and a return on equity of 21.58%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 earnings per share. On average, equities research analysts predict that Expedia Group will post 7.11 earnings per share for the current year.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 5,387 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $106.99, for a total transaction of $576,355.13. Following the completion of the sale, the chief accounting officer now owns 9,270 shares of the company’s stock, valued at $991,797.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Lance A. Soliday sold 605 shares of the stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $116.71, for a total transaction of $70,609.55. Following the completion of the sale, the chief accounting officer now owns 9,270 shares of the company’s stock, valued at $1,081,901.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 5,387 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $106.99, for a total transaction of $576,355.13. Following the sale, the chief accounting officer now directly owns 9,270 shares of the company’s stock, valued at approximately $991,797.30. The disclosure for this sale can be found here. 7.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EXPE. Raymond James Trust N.A. increased its stake in Expedia Group by 17.6% during the 1st quarter. Raymond James Trust N.A. now owns 1,364 shares of the online travel company’s stock valued at $267,000 after purchasing an additional 204 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Expedia Group by 6.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 301,932 shares of the online travel company’s stock valued at $59,077,000 after purchasing an additional 17,680 shares in the last quarter. Blair William & Co. IL increased its stake in Expedia Group by 16.1% during the 1st quarter. Blair William & Co. IL now owns 6,052 shares of the online travel company’s stock valued at $1,184,000 after purchasing an additional 838 shares in the last quarter. Prudential PLC acquired a new position in Expedia Group during the 1st quarter valued at approximately $397,000. Finally, Cetera Investment Advisers increased its stake in Expedia Group by 50.9% during the 1st quarter. Cetera Investment Advisers now owns 3,751 shares of the online travel company’s stock valued at $734,000 after purchasing an additional 1,265 shares in the last quarter. Institutional investors and hedge funds own 89.89% of the company’s stock.

About Expedia Group

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Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following segments: Retail, B2B, and Trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.