Expedia Group (NASDAQ:EXPE) Upgraded by StockNews.com to Buy

Expedia Group (NASDAQ:EXPE - Get Rating) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Thursday.

A number of other brokerages also recently commented on EXPE. Morgan Stanley lowered their price objective on shares of Expedia Group from $128.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Monday, October 24th. DA Davidson decreased their target price on shares of Expedia Group from $122.00 to $108.00 in a research report on Monday, December 12th. Cowen decreased their target price on shares of Expedia Group from $134.00 to $120.00 in a research report on Friday, November 4th. Truist Financial decreased their target price on shares of Expedia Group from $185.00 to $175.00 and set a "buy" rating for the company in a research report on Friday, October 28th. Finally, Cowen decreased their target price on shares of Expedia Group from $134.00 to $120.00 in a research report on Friday, November 4th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $146.71.

Expedia Group Stock Performance

Shares of EXPE opened at $90.99 on Thursday. The company's 50 day moving average price is $93.94 and its 200 day moving average price is $98.09. Expedia Group has a 52 week low of $82.39 and a 52 week high of $217.72. The company has a market capitalization of $14.20 billion, a PE ratio of 33.33, a PEG ratio of 0.94 and a beta of 1.56. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.83 and a current ratio of 0.83.

Expedia Group (NASDAQ:EXPE - Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The online travel company reported $3.56 EPS for the quarter, beating analysts' consensus estimates of $3.51 by $0.05. Expedia Group had a net margin of 4.95% and a return on equity of 24.05%. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.55 billion. Research analysts expect that Expedia Group will post 5.66 EPS for the current fiscal year.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 635 shares of the business's stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $100.18, for a total value of $63,614.30. Following the sale, the chief accounting officer now owns 8,949 shares of the company's stock, valued at approximately $896,510.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.52% of the company's stock.

Institutional Investors Weigh In On Expedia Group

Several institutional investors and hedge funds have recently bought and sold shares of EXPE. Acadian Asset Management LLC grew its holdings in shares of Expedia Group by 61.3% in the 1st quarter. Acadian Asset Management LLC now owns 5,159 shares of the online travel company's stock worth $1,009,000 after purchasing an additional 1,960 shares during the last quarter. APG Asset Management N.V. grew its holdings in shares of Expedia Group by 159.4% in the 1st quarter. APG Asset Management N.V. now owns 18,550 shares of the online travel company's stock worth $3,262,000 after purchasing an additional 11,400 shares during the last quarter. Yousif Capital Management LLC grew its holdings in shares of Expedia Group by 1.5% in the 1st quarter. Yousif Capital Management LLC now owns 21,671 shares of the online travel company's stock worth $4,240,000 after purchasing an additional 311 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of Expedia Group by 17.6% in the 1st quarter. Raymond James Trust N.A. now owns 1,364 shares of the online travel company's stock worth $267,000 after purchasing an additional 204 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Expedia Group by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 301,932 shares of the online travel company's stock worth $59,077,000 after purchasing an additional 17,680 shares during the last quarter. Institutional investors own 89.89% of the company's stock.

About Expedia Group

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.

Further Reading

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