Expedia Group Inc (NASDAQ:EXPE) Receives Consensus Rating of “Buy” from Analysts

Expedia Group Inc (NASDAQ:EXPE) has been assigned an average recommendation of “Buy” from the thirty-three brokerages that are presently covering the company, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $148.43.

EXPE has been the topic of several recent analyst reports. Needham & Company LLC initiated coverage on Booking in a report on Monday, May 20th. They issued a “buy” rating and a $2,200.00 target price on the stock. Zacks Investment Research downgraded Wix.Com from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Cleveland Research started coverage on Tripadvisor in a report on Wednesday, June 19th. They set a “neutral” rating on the stock. Barclays upped their price objective on WEX from $222.00 to $238.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Finally, Piper Jaffray Companies upped their price objective on Marvell Technology Group from $22.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd.

Shares of EXPE traded up $1.63 on Tuesday, hitting $136.37. The company’s stock had a trading volume of 1,200,576 shares, compared to its average volume of 1,549,366. The firm has a market capitalization of $19.83 billion, a P/E ratio of 28.35, a PEG ratio of 1.91 and a beta of 1.08. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. Expedia Group has a fifty-two week low of $108.11 and a fifty-two week high of $139.77. The business has a 50 day moving average price of $127.73.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, May 2nd. The online travel company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.34. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.69 billion. Expedia Group had a return on equity of 13.41% and a net margin of 3.89%. Expedia Group’s revenue 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. On average, research analysts predict that Expedia Group will post 5.75 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of EXPE. North Star Investment Management Corp. bought a new stake in shares of Expedia Group during the 1st quarter valued at $25,000. Liberty Wealth Management LLC bought a new stake in shares of Expedia Group during the 4th quarter valued at $32,000. JOYN Advisors Inc. raised its position in shares of Expedia Group by 53.0% during the 4th quarter. JOYN Advisors Inc. now owns 332 shares of the online travel company’s stock valued at $37,000 after acquiring an additional 115 shares during the last quarter. Shine Investment Advisory Services Inc. raised its position in shares of Expedia Group by 50.7% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 345 shares of the online travel company’s stock valued at $41,000 after acquiring an additional 116 shares during the last quarter. Finally, Private Capital Group LLC raised its position in shares of Expedia Group by 788.6% during the 1st quarter. Private Capital Group LLC now owns 391 shares of the online travel company’s stock valued at $47,000 after acquiring an additional 347 shares during the last quarter. Institutional investors own 81.95% 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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