Expedia Group (NASDAQ:EXPE) Lowered to “Market Perform” at JMP Securities

Expedia Group (NASDAQ:EXPE) was downgraded by research analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a report released on Friday, The Fly reports.

EXPE has been the subject of a number of other research reports. DA Davidson lowered Expedia Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $162.00 to $130.00 in a research report on Thursday. Piper Jaffray Companies lowered Expedia Group from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $160.00 to $124.00 in a research report on Thursday. Standpoint Research began coverage on Expedia Group in a research report on Tuesday, July 16th. They set a “buy” rating and a $180.00 price objective for the company. Oppenheimer set a $160.00 price objective on Expedia Group and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, BidaskClub lowered Expedia Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Nineteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Expedia Group currently has an average rating of “Hold” and an average target price of $144.52.

Shares of Expedia Group stock traded up $3.03 during trading on Friday, reaching $101.32. 10,007,700 shares of the stock traded hands, compared to its average volume of 1,732,978. The company has a market capitalization of $20.20 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 1.68 and a beta of 1.09. The business has a fifty day simple moving average of $133.97 and a two-hundred day simple moving average of $129.36. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.76 and a quick ratio of 0.76. Expedia Group has a 52-week low of $97.05 and a 52-week high of $144.00.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Wednesday, November 6th. The online travel company reported $3.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.56 by ($0.18). The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Expedia Group had a net margin of 5.36% and a return on equity of 14.20%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.65 EPS. On average, research analysts predict that Expedia Group will post 5.72 earnings per share for the current fiscal year.

In other Expedia Group news, Director Dara Khosrowshahi sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $132.98, for a total value of $6,649,000.00. Following the completion of the sale, the director now owns 477,677 shares of the company’s stock, valued at $63,521,487.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lance A. Soliday sold 2,724 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $127.93, for a total transaction of $348,481.32. Following the completion of the sale, the insider now directly owns 8,009 shares of the company’s stock, valued at approximately $1,024,591.37. The disclosure for this sale can be found here. In the last three months, insiders sold 111,946 shares of company stock valued at $14,878,704. 2.10% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Glen Harbor Capital Management LLC raised its stake in shares of Expedia Group by 7.1% during the second quarter. Glen Harbor Capital Management LLC now owns 33,694 shares of the online travel company’s stock valued at $4,482,000 after acquiring an additional 2,244 shares in the last quarter. Avestar Capital LLC grew its holdings in Expedia Group by 11,125.0% in the second quarter. Avestar Capital LLC now owns 1,347 shares of the online travel company’s stock worth $160,000 after purchasing an additional 1,335 shares during the last quarter. Great Lakes Advisors LLC grew its holdings in Expedia Group by 0.4% in the second quarter. Great Lakes Advisors LLC now owns 324,658 shares of the online travel company’s stock worth $43,188,000 after purchasing an additional 1,358 shares during the last quarter. Captrust Financial Advisors grew its holdings in Expedia Group by 1,676.2% in the second quarter. Captrust Financial Advisors now owns 14,902 shares of the online travel company’s stock worth $1,982,000 after purchasing an additional 14,063 shares during the last quarter. Finally, Everence Capital Management Inc. grew its holdings in Expedia Group by 88.0% in the second quarter. Everence Capital Management Inc. now owns 5,362 shares of the online travel company’s stock worth $713,000 after purchasing an additional 2,510 shares during the last quarter. 81.09% of the stock is owned by hedge funds and other institutional investors.

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, 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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