Expedia Group (NASDAQ:EXPE) Raised to Hold at Rosenblatt Securities

Expedia Group (NASDAQ:EXPEGet Free Report) was upgraded by analysts at Rosenblatt Securities to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other analysts also recently weighed in on the company. Cantor Fitzgerald boosted their target price on Expedia Group from $255.00 to $310.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Citigroup reaffirmed a “neutral” rating on shares of Expedia Group in a research note on Wednesday, August 12th. Citic Securities reduced their price target on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Morgan Stanley lifted their price target on shares of Expedia Group from $290.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Finally, Robert W. Baird set a $335.00 price objective on shares of Expedia Group in a report on Thursday, August 6th. Eighteen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $318.71.

Get Our Latest Research Report on Expedia Group

Expedia Group Trading Down 4.1%

NASDAQ EXPE opened at $304.23 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. The stock’s 50-day simple moving average is $292.19 and its two-hundred day simple moving average is $252.31. Expedia Group has a twelve month low of $185.34 and a twelve month high of $342.00. The company has a market capitalization of $36.51 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 0.78 and a beta of 1.25.

Expedia Group (NASDAQ:EXPEGet Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.22 by $0.54. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.17 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.24 EPS. Research analysts forecast that Expedia Group will post 17.15 EPS for the current fiscal year.

Insider Activity

In related news, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the sale, the insider owned 105,448 shares of the company’s stock, valued at $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Craig A. Jacobson sold 3,133 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total value of $1,029,253.16. Following the completion of the sale, the director directly owned 29,832 shares of the company’s stock, valued at $9,800,408.64. The trade was a 9.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 16,652 shares of company stock valued at $4,977,561. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EXPE. Motiv8 Investments LLC purchased a new stake in shares of Expedia Group in the 4th quarter worth about $25,000. Entrust Financial LLC purchased a new position in shares of Expedia Group during the fourth quarter valued at about $26,000. First Bancorp Inc ME purchased a new position in shares of Expedia Group during the second quarter valued at about $28,000. Sunbelt Securities Inc. increased its position in shares of Expedia Group by 970.6% during the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock valued at $39,000 after buying an additional 165 shares during the period. Finally, Elevation Wealth Partners LLC raised its stake in Expedia Group by 272.9% in the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock worth $46,000 after buying an additional 131 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Company Profile

(Get Free Report)

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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