Analysts at SunTrust Banks assumed coverage on shares of Expedia Group (NASDAQ:EXPE) in a report issued on Friday, TipRanks reports. The brokerage set a “buy” rating and a $138.00 price target on the online travel company’s stock. SunTrust Banks’ price target indicates a potential upside of 70.35% from the company’s previous close.
A number of other equities analysts have also commented on the stock. DA Davidson boosted their price target on shares of Expedia Group from $70.00 to $77.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. Raymond James reduced their price target on shares of Expedia Group from $136.00 to $80.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. BidaskClub lowered shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, June 19th. Jefferies Financial Group lowered shares of Expedia Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $100.00 to $85.00 in a research report on Tuesday, May 19th. Finally, BTIG Research started coverage on shares of Expedia Group in a research report on Wednesday, June 10th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $98.88.
Shares of Expedia Group stock opened at $81.01 on Friday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.80 and a current ratio of 0.80. The firm’s 50-day simple moving average is $83.65 and its 200-day simple moving average is $83.82. Expedia Group has a twelve month low of $40.76 and a twelve month high of $139.88. The firm has a market cap of $11.42 billion, a P/E ratio of -7.14 and a beta of 1.57.
Expedia Group (NASDAQ:EXPE) last issued its earnings results on Wednesday, May 20th. The online travel company reported ($1.83) earnings per share for the quarter, missing the consensus estimate of ($1.58) by ($0.25). Expedia Group had a negative net margin of 17.09% and a negative return on equity of 6.36%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm posted ($0.27) earnings per share. Expedia Group’s revenue was down 15.3% on a year-over-year basis. On average, equities analysts forecast that Expedia Group will post -7.04 earnings per share for the current fiscal year.
In related news, insider Robert J. Dzielak sold 2,575 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $88.72, for a total transaction of $228,454.00. Following the completion of the sale, the insider now directly owns 32,663 shares of the company’s stock, valued at $2,897,861.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dara Khosrowshahi sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.45, for a total transaction of $8,445,000.00. Following the sale, the director now directly owns 426,977 shares of the company’s stock, valued at $36,058,207.65. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. bought a new stake in shares of Expedia Group during the fourth quarter worth approximately $6,512,000. Howe & Rusling Inc. grew its holdings in Expedia Group by 133.3% during the second quarter. Howe & Rusling Inc. now owns 308 shares of the online travel company’s stock valued at $25,000 after purchasing an additional 176 shares during the period. NuWave Investment Management LLC acquired a new position in Expedia Group during the second quarter valued at approximately $29,000. CNB Bank acquired a new position in Expedia Group during the second quarter valued at approximately $30,000. Finally, Beese Fulmer Investment Management Inc. acquired a new position in Expedia Group during the second quarter valued at approximately $33,000. 93.78% of the stock is owned by institutional investors and hedge funds.
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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