Zacks Investment Research upgraded shares of Expedia Group (NASDAQ:EXPE) from a hold rating to a buy rating in a research report released on Tuesday morning. The firm currently has $128.00 target price on the online travel company’s stock.
According to Zacks, “Expedia is benefiting from its well performing HomeAway, Brand Expedia, Expedia Partner Solutions and Hotels.com. All these are aiding the company’s gross bookings and stayed room nights which remain the key driver of its top-line growth. Additionally, the company’s strong initiatives toward strengthening footprints in the domestic regions are driving its domestic stayed room nights. This remains a tailwind. We believe Expedia’s strength in Core OTA, Brand Expedia, Hotels.com, Expedia Partner Solutions and Egencia will continue to benefit its market position. The expansion of global lodging portfolio will also continue to aid the lodging revenues of Expedia. However, sluggishness in the company’s trivago segment remains an overhang. Also, intensifying competition in the online travel space is a concern. Notably, the stock has underperformed the industry it belongs to over a year.”
Several other equities analysts have also commented on EXPE. BidaskClub lowered Expedia Group from a hold rating to a sell rating in a research report on Tuesday, October 9th. Evercore ISI started coverage on Expedia Group in a research report on Monday, October 15th. They set an outperform rating and a $140.00 price objective on the stock. SunTrust Banks restated a buy rating and set a $180.00 price target on shares of Expedia Group in a research report on Tuesday, October 16th. Oppenheimer set a $155.00 price target on Expedia Group and gave the stock a buy rating in a research report on Tuesday, October 23rd. Finally, Cowen set a $135.00 price target on Expedia Group and gave the stock a buy rating in a research report on Monday, October 22nd. Thirteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $143.92.
Shares of Expedia Group stock traded down $0.23 during trading on Tuesday, hitting $113.97. 50,989 shares of the stock traded hands, compared to its average volume of 1,454,178. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $17.10 billion, a PE ratio of 30.56, a price-to-earnings-growth ratio of 1.26 and a beta of 1.10. Expedia Group has a 52 week low of $98.52 and a 52 week high of $139.77.
Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, October 25th. The online travel company reported $3.65 EPS for the quarter, beating the consensus estimate of $3.12 by $0.53. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.29 billion. Expedia Group had a return on equity of 11.79% and a net margin of 4.04%. During the same period in the prior year, the company earned $2.51 EPS. As a group, analysts predict that Expedia Group will post 4.56 earnings per share for the current fiscal year.
In other news, insider Lance A. Soliday sold 3,281 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $119.28, for a total value of $391,357.68. Following the completion of the transaction, the insider now owns 7,674 shares in the company, valued at approximately $915,354.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 20.96% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. lifted its stake in shares of Expedia Group by 18.2% in the 2nd quarter. Macquarie Group Ltd. now owns 2,600 shares of the online travel company’s stock valued at $312,000 after purchasing an additional 400 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Expedia Group by 6.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,151 shares of the online travel company’s stock valued at $980,000 after purchasing an additional 469 shares during the period. Copeland Capital Management LLC lifted its stake in shares of Expedia Group by 0.4% in the 3rd quarter. Copeland Capital Management LLC now owns 113,219 shares of the online travel company’s stock valued at $14,773,000 after purchasing an additional 494 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Expedia Group by 3.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 17,186 shares of the online travel company’s stock valued at $2,243,000 after purchasing an additional 495 shares during the period. Finally, Stone Ridge Asset Management LLC increased its position in Expedia Group by 8.1% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 6,653 shares of the online travel company’s stock valued at $868,000 after buying an additional 500 shares in the last quarter. Institutional investors own 79.83% of the company’s stock.
Expedia Group Company Profile
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, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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