Expedia Group (EXPE) Stock Rating Lowered by Argus

Expedia Group (NASDAQ:EXPE) was downgraded by Argus from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, The Fly reports.

A number of other research firms also recently issued reports on EXPE. Zacks Investment Research downgraded shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Piper Jaffray Companies lowered their price objective on shares of Expedia Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Barclays reiterated a “buy” rating and set a $145.00 price objective on shares of Expedia Group in a research report on Monday, May 6th. BidaskClub cut shares of Expedia Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Finally, Bank of America restated a “buy” rating and issued a $148.00 price target (up from $142.00) on shares of Expedia Group in a research report on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $146.90.

Shares of NASDAQ:EXPE opened at $117.48 on Wednesday. Expedia Group has a 12 month low of $108.11 and a 12 month high of $139.77. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.74. The firm has a market cap of $17.30 billion, a P/E ratio of 24.42, a P/E/G ratio of 1.64 and a beta of 0.96.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, May 2nd. The online travel company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.61) by $0.34. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.69 billion. Expedia Group had a net margin of 3.89% and a return on equity of 13.41%. Expedia Group’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.36) EPS. Research analysts predict that Expedia Group will post 5.75 earnings per share for the current fiscal year.

In related news, insider Mark D. Okerstrom sold 5,531 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $126.66, for a total value of $700,556.46. Following the sale, the insider now owns 70,532 shares in the company, valued at approximately $8,933,583.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 20.96% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its position in shares of Expedia Group by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 555,006 shares of the online travel company’s stock valued at $72,417,000 after purchasing an additional 11,428 shares during the period. Morgan Stanley increased its position in Expedia Group by 8.9% during the third quarter. Morgan Stanley now owns 1,065,996 shares of the online travel company’s stock worth $139,091,000 after buying an additional 86,901 shares in the last quarter. Bank of Montreal Can increased its position in Expedia Group by 160.6% during the fourth quarter. Bank of Montreal Can now owns 390,741 shares of the online travel company’s stock worth $44,016,000 after buying an additional 240,827 shares in the last quarter. Strs Ohio boosted its holdings in shares of Expedia Group by 370.4% during the fourth quarter. Strs Ohio now owns 7,333 shares of the online travel company’s stock worth $826,000 after purchasing an additional 5,774 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Expedia Group during the fourth quarter worth $1,619,000. Institutional investors and hedge funds own 80.53% 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.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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