SunTrust Banks restated their buy rating on shares of Expedia Group (NASDAQ:EXPE) in a research note published on Tuesday morning. The brokerage currently has a $180.00 target price on the online travel company’s stock.
“We maintain a BUY/$180 PT following analysis of 3Q data, which indicate flat/modestly-higher room night growth Q/Q, along with signs of progress on growth initiatives. Our analysis suggests that despite easy Y/Y comps for 3Q and improving conversions (based on our analysis), a meaningful pick-up in room night will likely be held back by weak meta-search and EXPE’s focus on honing its ad efficiency (by leveraging cloud-based analytics). We see solid progress on mgt’s push to expand selection, with our analysis of data sample suggesting ~50-60K hotel listings additions (consistent with 1H18). The net impact on room nights growth: Our proprietary analysis indicates 0-200bps Q/Q pickup in room nights for EXPE’s global brands (Expedia, Hotels.com) in 3Q, implying 12-14% Y/Y reported room night growth for 3Q (Cons. is ~14%, we think Buy-side is lower).”,” the firm’s analyst wrote.
Several other brokerages also recently commented on EXPE. Guggenheim reissued a buy rating and issued a $160.00 price objective on shares of Expedia Group in a research note on Friday, July 27th. Citigroup increased their price objective on Expedia Group from $140.00 to $165.00 and gave the stock a buy rating in a research note on Monday, July 30th. DA Davidson set a $160.00 price objective on Expedia Group and gave the stock a buy rating in a research note on Friday, July 27th. Wedbush increased their price objective on Expedia Group from $117.00 to $133.00 and gave the stock a hold rating in a research note on Friday, July 27th. Finally, Stifel Nicolaus increased their price objective on Expedia Group from $122.00 to $136.00 and gave the stock a hold rating in a research note on Friday, July 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have given a buy rating to the stock. Expedia Group has an average rating of Buy and a consensus price target of $147.87.
Shares of Expedia Group stock traded up $0.31 on Tuesday, hitting $118.75. The company had a trading volume of 33,751 shares, compared to its average volume of 1,606,914. The company has a market cap of $18.03 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. Expedia Group has a 1 year low of $98.52 and a 1 year high of $154.24. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.67.
Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, July 26th. The online travel company reported $1.38 EPS for the quarter, topping the consensus estimate of $0.55 by $0.83. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a return on equity of 9.48% and a net margin of 2.54%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. As a group, research analysts anticipate that Expedia Group will post 4.42 EPS for the current year.
In other Expedia Group news, Director Craig A. Jacobson sold 3,500 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $133.48, for a total transaction of $467,180.00. Following the completion of the transaction, the director now directly owns 31,764 shares of the company’s stock, valued at $4,239,858.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan C. Athey sold 1,547 shares of the stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $133.99, for a total value of $207,282.53. Following the transaction, the director now directly owns 1,974 shares of the company’s stock, valued at $264,496.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,316 shares of company stock valued at $1,125,813. 20.96% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Marcus Capital LLC grew its holdings in Expedia Group by 6.5% during the second quarter. Marcus Capital LLC now owns 6,150 shares of the online travel company’s stock valued at $739,000 after purchasing an additional 375 shares during the period. Spinnaker Trust grew its holdings in Expedia Group by 1.8% during the second quarter. Spinnaker Trust now owns 21,060 shares of the online travel company’s stock valued at $2,530,000 after purchasing an additional 379 shares during the period. Macquarie Group Ltd. grew its holdings in Expedia Group by 18.2% during the second quarter. Macquarie Group Ltd. now owns 2,600 shares of the online travel company’s stock valued at $312,000 after purchasing an additional 400 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Expedia Group by 3.6% during the second quarter. Crossmark Global Holdings Inc. now owns 11,771 shares of the online travel company’s stock valued at $1,415,000 after purchasing an additional 410 shares during the period. Finally, Portland Hill Asset Management Ltd grew its holdings in Expedia Group by 0.9% during the second quarter. Portland Hill Asset Management Ltd now owns 50,046 shares of the online travel company’s stock valued at $6,031,000 after purchasing an additional 454 shares during the period. 79.18% of the stock is owned by institutional investors and hedge funds.
Expedia Group Company Profile
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, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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