EXPE has been the subject of a number of other research reports. Deutsche Bank raised their price objective on Expedia Group from $87.00 to $112.00 and gave the stock a buy rating in a research report on Tuesday, May 19th. Wedbush raised their price objective on Expedia Group from $117.00 to $121.00 and gave the stock a neutral rating in a research report on Friday, February 14th. Royal Bank of Canada raised their target price on Expedia Group from $71.00 to $90.00 and gave the stock an outperform rating in a research report on Thursday, May 21st. Raymond James cut their target price on Expedia Group from $136.00 to $80.00 and set an outperform rating for the company in a research report on Wednesday, April 29th. Finally, Goldman Sachs Group downgraded Expedia Group from a neutral rating to a sell rating and cut their target price for the stock from $126.00 to $50.00 in a research report on Thursday, March 26th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $101.69.
Shares of EXPE stock traded down $7.44 during mid-day trading on Monday, reaching $79.93. The stock had a trading volume of 297,381 shares, compared to its average volume of 4,294,148. The firm’s 50 day simple moving average is $74.17 and its 200 day simple moving average is $89.74. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.77. Expedia Group has a one year low of $40.76 and a one year high of $144.00. The firm has a market cap of $12.32 billion, a PE ratio of -18.20 and a beta of 1.55.
Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Wednesday, May 20th. The online travel company reported ($1.83) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.58) by ($0.25). Expedia Group had a positive return on equity of 10.14% and a negative net margin of 5.43%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the business posted ($0.27) EPS. Expedia Group’s revenue was down 15.3% compared to the same quarter last year. Sell-side analysts forecast that Expedia Group will post -7.15 earnings per share for the current fiscal year.
In other news, insider Robert J. Dzielak sold 2,575 shares of Expedia Group stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $88.72, for a total value of $228,454.00. Following the completion of the sale, the insider now directly owns 32,663 shares of the company’s stock, valued at approximately $2,897,861.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 100,000 shares of Expedia Group stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.45, for a total value of $8,445,000.00. Following the completion of the sale, the director now directly owns 426,977 shares of the company’s stock, valued at $36,058,207.65. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. Artisan Partners Limited Partnership boosted its position in shares of Expedia Group by 19.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 6,613,373 shares of the online travel company’s stock worth $715,170,000 after purchasing an additional 1,083,242 shares during the last quarter. State Street Corp boosted its position in shares of Expedia Group by 1.6% in the 4th quarter. State Street Corp now owns 5,942,486 shares of the online travel company’s stock worth $642,620,000 after purchasing an additional 95,845 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Expedia Group by 42.2% in the 1st quarter. First Trust Advisors LP now owns 2,473,063 shares of the online travel company’s stock worth $139,159,000 after purchasing an additional 734,319 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Expedia Group by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 2,232,790 shares of the online travel company’s stock worth $125,438,000 after purchasing an additional 39,538 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Expedia Group by 45.2% in the 4th quarter. Bank of Montreal Can now owns 1,675,174 shares of the online travel company’s stock worth $181,152,000 after purchasing an additional 521,446 shares during the last quarter. Institutional investors and hedge funds own 95.32% of the company’s stock.
About Expedia Group
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
Further Reading: Net Income
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