Needham & Company LLC Initiates Coverage on Expedia Group (EXPE)

Stock analysts at Needham & Company LLC began coverage on shares of Expedia Group (NASDAQ:EXPE) in a report released on Monday, MarketBeat reports. The firm set a “hold” rating on the online travel company’s stock.

EXPE has been the subject of several other reports. Zacks Investment Research cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research note 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 note on Friday, May 3rd. Barclays reissued a “buy” rating and set a $145.00 price objective on shares of Expedia Group in a research note on Monday, May 6th. BidaskClub cut shares of Expedia Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Finally, Bank of America reissued a “buy” rating and set a $148.00 price objective (up from $142.00) on shares of Expedia Group in a research note on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company’s stock. Expedia Group presently has an average rating of “Buy” and an average target price of $146.90.

EXPE stock opened at $117.48 on Monday. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.64 and a beta of 0.96. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.72. Expedia Group has a one year low of $108.11 and a one year high of $139.77.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 2nd. The online travel company reported ($0.27) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.61) by $0.34. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned ($0.36) EPS. As a group, sell-side analysts expect that Expedia Group will post 5.75 EPS for the current year.

In related news, insider Mark D. Okerstrom sold 5,531 shares of the 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 completion of the sale, the insider now directly owns 70,532 shares in the company, valued at approximately $8,933,583.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 20.96% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc lifted its holdings 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 worth $72,417,000 after buying an additional 11,428 shares during the period. Morgan Stanley lifted its stake in shares of Expedia Group by 8.9% during the 3rd quarter. Morgan Stanley now owns 1,065,996 shares of the online travel company’s stock worth $139,091,000 after purchasing an additional 86,901 shares during the last quarter. BTIM Corp. lifted its stake in shares of Expedia Group by 30.3% during the 4th quarter. BTIM Corp. now owns 26,545 shares of the online travel company’s stock worth $2,990,000 after purchasing an additional 6,175 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Expedia Group by 1.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 42,118 shares of the online travel company’s stock worth $4,745,000 after purchasing an additional 617 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Expedia Group by 160.6% during the 4th quarter. Bank of Montreal Can now owns 390,741 shares of the online travel company’s stock worth $44,016,000 after purchasing an additional 240,827 shares during the last quarter. Hedge funds and other institutional investors 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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